Quantum Battery Metals Announces Further Update to Calico Jack Acquisition
Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVD) (FSE: 23B0) has provided an update on its acquisition of 1500643 B.C. (Calico Jack). Following a non-binding Letter of Intent signed on September 9, 2024, Quantum has successfully negotiated terms for a share exchange agreement. The company will issue 6,000,000 shares at $0.31 per share, totaling $1,860,000 in consideration.
The Calico Jack Property, located in Newfoundland, Canada, covers 525 hectares and is prospective for sedimentary-hosted stratiform copper mineralization. Exploration activities began in 2001, with recent surveys identifying multiple target areas. The property's geology includes formations from the Neoproterozoic Musgravetown Group, part of the Bonavista Basin.
Quantum is now working towards closing the transaction, pending final review and approval. This acquisition aligns with the company's strategic growth initiatives in the battery metals sector.
Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVD) (FSE: 23B0) ha fornito un aggiornamento sulla sua acquisizione di 1500643 B.C. (Calico Jack). Dopo una Lettera di Intenti non vincolante firmata il 9 settembre 2024, Quantum ha negoziato con successo i termini per un accordo di scambio azionario. L'azienda emetterà 6.000.000 azioni a $0,31 per azione, per un totale di $1.860.000 in considerazione.
La proprietà Calico Jack, situata a Terranova, Canada, copre 525 ettari ed è promettente per la mineralizzazione in rame ospitata in sedimenti stratiformi. Le attività di esplorazione sono iniziate nel 2001, con indagini recenti che hanno identificato più aree target. La geologia della proprietà include formazioni del Gruppo Musgravetown del Neoproterozoico, parte del Bacino di Bonavista.
Quantum sta ora lavorando per chiudere la transazione, in attesa della revisione finale e dell'approvazione. Questa acquisizione è in linea con le iniziative di crescita strategica dell'azienda nel settore dei metalli per batterie.
Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVD) (FSE: 23B0) ha proporcionado una actualización sobre su adquisición de 1500643 B.C. (Calico Jack). Tras una Carta de Intención no vinculante firmada el 9 de septiembre de 2024, Quantum ha negociado con éxito los términos para un acuerdo de intercambio de acciones. La empresa emitirá 6.000.000 acciones a $0,31 por acción, sumando un total de $1.860.000 en consideración.
La Propiedad Calico Jack, ubicada en Terranova, Canadá, abarca 525 hectáreas y es prometedora para la mineralización de cobre hospedada en sedimentos estratiformes. Las actividades de exploración comenzaron en 2001, con estudios recientes que han identificado múltiples áreas objetivo. La geología de la propiedad incluye formaciones del Grupo Musgravetown del Neoproterozoico, parte de la Cuenca de Bonavista.
Quantum está trabajando ahora para cerrar la transacción, pendiente de la revisión y aprobación final. Esta adquisición se alinea con las iniciativas de crecimiento estratégico de la empresa en el sector de los metales para baterías.
Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVD) (FSE: 23B0)는 1500643 B.C. (Calico Jack)의 인수에 대한 업데이트를 제공했습니다. 2024년 9월 9일에 서명된 비구속 양해각서에 따라, Quantum은 주식 교환 계약에 대한 조건을 성공적으로 협상했습니다. 회사는 6,000,000 주식이 각 주당 $0.31에 발행할 예정이며, 총 $1,860,000의 가치입니다.
캐나다 뉴펀들랜드에 위치한 Calico Jack 자산은 525 헥타르를 커버하며 퇴적물-hosted stratiform 구리 광물화에 대한 잠재력이 있습니다. 탐사 활동은 2001년에 시작되었으며 최근 조사에서 여러 타겟 구역이 확인되었습니다. 자산의 지질학적 구성에는 Bonavista 분지의 일부분인 Neoproterozoic Musgravetown 그룹의 형성이 포함됩니다.
Quantum은 이제 최종 검토 및 승인 대기 중에 거래 종료를 위해 노력하고 있습니다. 이번 인수는 회사의 배터리 금속 부문에서의 전략적 성장 계획과 일치합니다.
Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVD) (FSE: 23B0) a fourni une mise à jour sur son acquisition de 1500643 B.C. (Calico Jack). Suite à une lettre d'intention non contraignante signée le 9 septembre 2024, Quantum a réussi à négocier les termes d'un accord d'échange d'actions. La société émettra 6.000.000 d'actions à 0,31 $ par action, soit un total de 1.860.000 $ en contrepartie.
La propriété Calico Jack, située à Terre-Neuve, Canada, couvre 525 hectares et présente un potentiel pour la mineralisation en cuivre stratiforme hébergée dans des sédiments. Les activités d'exploration ont commencé en 2001, et des enquêtes récentes ont identifié plusieurs zones cibles. La géologie de la propriété comprend des formations du groupe Musgravetown du Néoproterozoïque, partie du bassin de Bonavista.
Quantum travaille maintenant à la conclusion de la transaction, en attendant l'examen et l'approbation finale. Cette acquisition s'inscrit dans les initiatives de croissance stratégique de l'entreprise dans le secteur des métaux des batteries.
Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVD) (FSE: 23B0) hat ein Update zu seiner Übernahme von 1500643 B.C. (Calico Jack) bereitgestellt. Nach einer unverbindlichen Absichtserklärung, die am 9. September 2024 unterzeichnet wurde, hat Quantum erfolgreich die Bedingungen für eine Aktientauschvereinbarung ausgehandelt. Das Unternehmen wird 6.000.000 Aktien zu je $0,31 ausgeben, insgesamt $1.860.000 in Erwägung.
Das Calico Jack Grundstück, das sich in Neufundland, Kanada, befindet, umfasst 525 Hektar und weist Potenzial für sedimentär beherbergte stratiforme Kupfermineralisierung auf. Die Explorationsaktivitäten begannen im Jahr 2001, wobei kürzliche Erhebungen mehrere Zielgebiete identifizierten. Die Geologie des Grundstücks umfasst Formationen der Neoproterozoikum Musgravetown-Gruppe, die Teil des Bonavista-Beckens ist.
Quantum arbeitet nun daran, die Transaktion abzuschließen, vorbehaltlich der abschließenden Überprüfung und Genehmigung. Diese Übernahme steht im Einklang mit den strategischen Wachstumsinitiativen des Unternehmens im Bereich der Batteriemetalle.
- Successful negotiation of share exchange agreement for Calico Jack acquisition
- Acquisition aligns with strategic growth initiatives in battery metals sector
- Calico Jack Property shows potential for sedimentary-hosted stratiform copper mineralization
- Recent surveys identified multiple target areas for further exploration
- Issuance of 6,000,000 new shares may lead to dilution for existing shareholders
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) - Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVD) (FSE: 23B0) ("Quantum" or the "Company"), is pleased to announce an update regarding the acquisition of 1500643 B.C. Ltd. ("Calico Jack"), as previously disclosed in the Company's news release on September 9, 2024.
The Company signed a non-binding Letter of Intent on September 9, 2024, with 1500643 B.C. Ltd. The transaction will be conducted as an arm's-length agreement, and no finder's fee will be paid in connection with the acquisition.
The Company has successfully negotiated terms to proceed with a share exchange agreement. As part of the proposed transaction, Quantum will issue 6,000,000 shares at a price of
Quantum is now working diligently towards closing the transaction, pending final review and approval of the acquisition target. This acquisition aligns with Quantum's strategic growth initiatives and further strengthens its position within the battery metals sector.
About the Calico Jack Property
The Calico Jack Property is a mineral exploration site covering approximately 525 hectares in Newfoundland, Canada. Located on the Bonavista Peninsula, the property is accessible via road along the Trans-Canada Highway from Sunnyside or by air through St. John's International Airport, situated about 180 km southeast.
- Geology: The property is situated within the Neoproterozoic Musgravetown Group, part of the Bonavista Basin, and features formations such as the Bull Arm, Big Head, and Trinny Cove. It is prospective for sedimentary-hosted stratiform copper mineralization, which involves the deposition of copper sulfides in reduced sedimentary environments.
- Exploration Status: Exploration activities began in 2001, focusing on drilling, geological mapping, prospecting, and various sampling methods. Recent surveys, including a 2023 Satellite Analysis, identified multiple target areas supporting further exploration.
- Potential for Mineralization: The property has shown potential for sedimentary-hosted stratiform copper mineralization. This type of deposit commonly forms in thin, sulphide-bearing zones within reduced horizons overlying oxidized continental redbeds or within reduced units in redbed sequences.
QUANTUM BATTERY METALS CORP.
"Marc Momeni"
_______________________
Marc Momeni, CEO and Director
Contact Information:
400 - 837 West Hastings Street
Vancouver, British Columbia
V6C 3N6
Phone: 604.629.2936
Email: Info@quantumbatterymetals.com
Forward-Looking Information This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Quantum Battery Metals Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward- looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225906
FAQ
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