UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC  20549


                                   FORM 10-QSB

(Mark  one)

[X]   QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR 15(D) OF THE SECURITIES
      EXCHANGE  ACT  OF  1934

                  For the quarterly period ended March 31, 2002

[ ]   TRANSITION  REPORT  PURSUANT  TO  SECTION 13 OR 15(D) OF THE SECURITIES
      EXCHANGE  ACT  OF  1934

                 For the transition period from ______ to ______


                          Commission file number 1-5996

                             QUAD METALS CORPORATION
        (Exact name of small business issuer as specified in its charter)

           WASHINGTON                                       91-0835748
(State or other jurisdiction of                    (IRS Employer Id. Number)
incorporation  or  organization)


                601 WEST MAIN AVENUE, SUITE 714 SPOKANE, WA 99201
                    (Address of principal executive offices)

       Registrant's Telephone Number, Including Area Code: (509) 455-9077

          COMMON  STOCK                               (NONE)
      Title  of  each  class          Name and exchange on which registered

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(D) of the Securities Exchange Act of 1934 during
the  preceding  12  months  (or  for  such  shorter period as the registrant was
required  to file such reports), and (2) has been subject to filing requirements
for  the  past  90  days.

Yes  [ ]  No  [X]

At  April  26,  2002,  95,474,665 shares of the  registrant's common stock  were
outstanding.














<page>
                                TABLE OF CONTENTS



                                     PART I

                                                                           PAGE

ITEM  1     Balance  Sheets  as  of  March  31,  2002
            and  December  31,  2001                                         3

            Statements  of  Operations  For  the  Three  Month
            Periods  Ended  March  31,  2002  and  2001                      4

            Statements  of  Cash  Flows  For  the  Three  Month  Periods
            Ended  March  31,  2002  and  2001                               5

            Notes  to  Financial  Statements                                 6

ITEM  2     Management's Discussion and Analysis of Financial
            Condition and Results of Operations                              7

                                     PART II

ITEM  1      Legal  Proceedings                                              8

ITEM  2      Changes  in Securities                                          8

ITEM  3      Defaults  Upon Senior Securities                                8

ITEM  4      Submission  of  Matters to a Vote of Security Holders           8

ITEM  5      Other  Information                                              8

ITEM  6      Exhibits and Reports on Form 8-K                                8

Signatures                                                                   9

























<page>
PART  I.

ITEM  1:  FINANCIAL  STATEMENTS


                                      BALANCE  SHEETS  AS  OF  MARCH  31,  2002
QUAD METALS CORPORATION               AND  DECEMBER  31,  2001




                                                  MARCH  31,     DECEMBER  31,
                                                    2002            2001
                                                  (UNAUDITED)
                                               --------------  --------------
ASSETS

CURRENT  ASSETS:
  Cash                                         $      34,344   $      40,431
                                               --------------  --------------

Total  current  assets                         $      34,344   $      40,431
                                               ==============  ==============


LIABILITIES  AND  STOCKHOLDERS' EQUITY

CURRENT  LIABILITIES:
Accounts payable                               $       4,986   $       4,370
                                               --------------  --------------

Total  current  liabilities                            4,986           4,370
                                               --------------  --------------


STOCKHOLDERS' EQUITY
  Common stock; no par value; 100,000,000
    shares authorized; 95,474,665 shares
    issued  and  outstanding                       2,252,824       2,252,824
  Preferred stock; no par value; 10,000,000
    shares authorized; none issued and
    outstanding                                          -               -
  Accumulated  deficit                           (2,223,466)      (2,216,763)
                                               --------------  --------------

Total  stockholders'  equity                          29,358          36,061
                                               --------------  --------------

Total liabilities and stockholders' equity     $      34,344   $      40,431
                                               ==============  ==============











See the accompanying notes.
<page>
QUAD  METALS  CORPORATION          STATEMENTS OF OPERATIONS FOR THE THREE MONTH
(UNAUDITED)                        PERIODS  ENDED  MARCH  31,  2002  AND  2001






                                                 MARCH  31,       MARCH  31,
                                                    2002            2001
                                               --------------  --------------
OPERATING  EXPENSES:
  General and administrative expenses          $       6,838   $         -0-
                                               --------------  --------------

            Total  operating  expenses                 6,838             -0-
                                               --------------  --------------

OTHER  (INCOME):
  Interest  income                                      (135)            -0-
                                               --------------  --------------

NET  LOSS                                      $       6,703   $         -0-
                                               ==============  ==============



NET  LOSS  PER  COMMON  SHARE                  $         Nil   $         Nil
                                               ==============  ==============



WEIGHTED  AVERAGE  NUMBER  OF
  SHARES  OUTSTANDING  -  BASIC                   95,474,665      35,474,665
                                               ==============  ==============


























See the accompanying notes.
<page>
QUAD  METALS  CORPORATION         STATEMENTS OF CASH FLOWS FOR THE THREE MONTH
(UNAUDITED)                       PERIODS  ENDED  MARCH  31,  2002  AND  2001




                                                 MARCH  31,       MARCH  31,
                                                    2002            2001
                                               --------------  --------------
CASH  FLOWS  FROM  OPERATING  ACTIVITIES:
  Net  loss                                    $       6,703   $          -0-
  Change  in:
    Increase  in  accounts  payable                     (616)             -0-
                                               --------------  --------------
Net cash flows used by operating activities            6,087              -0-
                                               --------------  --------------

NET DECREASE IN CASH                                   6,087              -0-

CASH  AT  BEGINNING  OF  PERIOD                       40,431              -0-
                                               --------------  --------------

CASH  AT  END  OF  PERIOD                      $      34,344   $          -0-
                                               ==============  ==============





































See the accompanying notes.
<page>
QUAD  METALS  CORPORATTION
(UNAUDITED)                                   NOTES  TO  FINANCIAL  STATEMENTS


1.     BASIS  OF  PRESENTATION:

The  financial  statements  of Quad Metals Corporation included herein have been
prepared  without audit, pursuant to the rules and regulations of the Securities
and  Exchange  Commission.  Although  certain  information  normally included in
financial statements prepared in accordance with accounting principles generally
accepted  in  the  United  States of America has been condensed or omitted, Quad
Metals  Corporation  believes  that  the  disclosures  are  adequate to make the
information presented not misleading.  These financial statements should be read
in  conjunction  with  the financial statements and notes thereto for the fiscal
year  ended  December  31,  2001  included  in  the  registrant's  Form  10-KSB.

The  financial  statements  included   herein  reflect   all  normal   recurring
adjustments  that,  in  the  opinion  of  management,  are  necessary for a fair
presentation.  The results for interim periods are not necessarily indicative of
trends  or of results to be expected for the full year ending December 31, 2002.

2.     NATURE  OF  BUSINESS  AND  PLAN  OF  OPERATION:

The  objectives  of  the  Company  are  to  seek,   investigate  and,   if  such
investigation  warrants, acquire an interest in business opportunities presented
to  it  by persons or firms who or which desire to seek the perceived advantages
of  a  publicly  registered  corporation. The Company has no recurring source of
revenue  and  has  incurred  operating  losses since inception. These conditions
raise  substantial  doubt  about  the  Company's  ability to continue as a going
concern as expressed by the Company's independent accountants in their report on
the  Company's  December  31, 2001, financial statements.  The interim financial
statements  do  not  contain  any  adjustments  which  might be necessary if the
Company  is  unable  to  continue  as  a  going  concern.







              [The balance of this page left intentionally blank.]





















<page>
ITEM  2     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF
            FINANCIAL  CONDITION  AND  RESULTS  OF  OPERATIONS

GENERAL

This  report  contains both historical and prospective statements concerning the
Company  and  its operations.  Prospective statements (known as "forward-looking
statements")  may  or  may  not  prove  true with the passage of time because of
future  risks  and uncertainties.  The Company cannot predict what factors might
cause  actual  results  to differ materially from those indicated by prospective
statements.

RESULTS  OF  OPERATIONS

For  the  three  month  period  ended March 31, 2002 compared to the three month
period  ended  March  31,  2001

For  the three months ended March 31, 2002, the Company had a net loss of $6,703
and  was  inactive  during the comparable period of 2001.  The loss in the first
quarter  2002  is primarily due to increased general and administrative expenses
associated  with  the  audit  of  the  Company's  financial  statements  and the
preparation  and  filing  of  Form  10-KSB  with  the  Securities  and  Exchange
Commission.

FINANCIAL  CONDITION  AND  LIQUIDITY

During  the  three month period ended March 31, 2002, the Company used $6,087 of
cash  in  operating  activities.  The  Company  has  no  recurring  revenue from
operating  activities  and  has  no immediate plans to sell additional shares of
common stock.  The Company anticipates being able to fund its operations for the
remainder  of  2002  through  its  existing  cash  resources.































<page>



                                     PART II


ITEM  1     LEGAL  PROCEEDINGS

     NONE

ITEM  2     CHANGES  IN  SECURITIES

     NONE

ITEM  3     DEFAULTS  UPON  SENIOR  SECURITIES

     NONE

ITEM  4     SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY
            HOLDERS

     NONE

ITEM  5     OTHER  INFORMATION

     NONE

ITEM  6     EXHIBITS  AND  REPORTS  ON  FORM  8-K

     NONE
































<page>

                                   SIGNATURES




Pursuant  to  the  requirements  of  Section  13  or 15(b) of the Securities and
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its  behalf  by  the  undersigned,  thereunto  duly  authorized.



                             Quad Metals Corporation
                             -----------------------
                                  (Registrant)


By:  /s/  Robert  W.  O'Brien                             5/02/02
-----------------------------                         ---------------
Robert  W.  O'Brien                                         Date
President, Director and Principal Financial Officer