Q Precious & Battery Metals Corp. Closes Matane Hydrogen Acquisition and closes 1st Tranche of Private Placement
Q Precious & Battery Metals Corp (CSE: QMET, OTCPK: BTKRF) has announced two significant developments: the closure of its first private placement tranche and the completion of the Matane Hydrogen Project acquisition.
The company raised $536,555.03 through a combination of flow-through shares at $0.09 per share and non-flow-through units at $0.075, with each unit including one common share and a two-year warrant exercisable at $0.10. The company paid $22,875 in finder's fees and issued 85,000 finder's warrants.
For the Matane acquisition, the company:
- Paid $25,000 to Zadkiel Holdings
- Issued 6 million common shares to sellers
- Granted a 1.2% revenue royalty to sellers (50% buyable for $1.2M)
- Issued 4 million shares to Quebec Innovative Materials Corp
- Granted QIMC a 0.80% revenue royalty (50% buyable for $800,000)
The Matane Hydrogen Project covers 80 claims spanning 26 kilometers along the Schicksock-South fault zone, featuring potential for natural hydrogen formation through oxidative hydrolysis and radiolytic reactions.
Q Precious & Battery Metals Corp (CSE: QMET, OTCPK: BTKRF) ha annunciato due sviluppi significativi: la chiusura della sua prima tranche di collocamento privato e il completamento dell'acquisizione del progetto idrogeno di Matane.
L'azienda ha raccolto $536,555.03 attraverso una combinazione di azioni flow-through a $0.09 per azione e unità non flow-through a $0.075, con ogni unità che include una azione comune e un warrant di due anni esercitabile a $0.10. L'azienda ha pagato $22,875 in commissioni per intermediari e ha emesso 85,000 warrant per intermediari.
Per l'acquisizione di Matane, l'azienda:
- Ha pagato $25,000 a Zadkiel Holdings
- Ha emesso 6 milioni di azioni comuni ai venditori
- Ha concesso una royalty del 1.2% sui ricavi ai venditori (50% acquistabile per $1.2M)
- Ha emesso 4 milioni di azioni a Quebec Innovative Materials Corp
- Ha concesso a QIMC una royalty del 0.80% sui ricavi (50% acquistabile per $800,000)
Il progetto idrogeno di Matane copre 80 concessioni su una lunghezza di 26 chilometri lungo la zona di faglia Schicksock-South, presentando potenziale per la formazione naturale di idrogeno attraverso idrolisi ossidativa e reazioni radiolitiche.
Q Precious & Battery Metals Corp (CSE: QMET, OTCPK: BTKRF) ha anunciado dos desarrollos significativos: el cierre de su primera tranche de colocación privada y la finalización de la adquisición del Proyecto de Hidrógeno de Matane.
La empresa recaudó $536,555.03 a través de una combinación de acciones flow-through a $0.09 por acción y unidades no flow-through a $0.075, con cada unidad que incluye una acción común y un warrant de dos años ejercitable a $0.10. La empresa pagó $22,875 en comisiones a intermediarios y emitió 85,000 warrants para intermediarios.
Para la adquisición de Matane, la empresa:
- Pagó $25,000 a Zadkiel Holdings
- Emitió 6 millones de acciones comunes a los vendedores
- Otorgó una regalía del 1.2% sobre los ingresos a los vendedores (50% comprable por $1.2M)
- Emitió 4 millones de acciones a Quebec Innovative Materials Corp
- Otorgó a QIMC una regalía del 0.80% sobre los ingresos (50% comprable por $800,000)
El Proyecto de Hidrógeno de Matane cubre 80 concesiones que se extienden a lo largo de 26 kilómetros a lo largo de la zona de falla Schicksock-South, con potencial para la formación natural de hidrógeno a través de hidrolisis oxidativa y reacciones radiolíticas.
Q Precious & Battery Metals Corp (CSE: QMET, OTCPK: BTKRF)는 두 가지 중요한 개발 사항을 발표했습니다: 첫 번째 사모 배치 트랜치의 종료와 마탱 수소 프로젝트 인수 완료입니다.
회사는 $536,555.03를 조달했으며, 이는 주당 $0.09의 플로우스루 주식과 주당 $0.075의 비플로우스루 유닛을 조합한 것입니다. 각 유닛은 하나의 보통주와 $0.10에 행사 가능한 2년 만기 워런트를 포함하고 있습니다. 회사는 중개 수수료로 $22,875를 지급하고 85,000개의 중개 워런트를 발행했습니다.
마탱 인수를 위해 회사는:
- Zadkiel Holdings에 $25,000 지급
- 판매자에게 600만 주식 발행
- 판매자에게 1.2%의 수익 로열티 부여 (50%를 $1.2M에 구매 가능)
- Quebec Innovative Materials Corp에 400만 주식 발행
- QIMC에 0.80%의 수익 로열티 부여 (50%를 $800,000에 구매 가능)
마탱 수소 프로젝트는 Schicksock-South 단층대에 걸쳐 26킬로미터에 걸쳐 80개의 청구권을 포함하고 있으며, 산화 수소 분해 및 방사선 반응을 통한 자연 수소 형성 가능성을 특징으로 합니다.
Q Precious & Battery Metals Corp (CSE: QMET, OTCPK: BTKRF) a annoncé deux développements significatifs : la clôture de sa première tranche de placement privé et l'achèvement de l'acquisition du projet d'hydrogène de Matane.
L'entreprise a levé $536,555.03 grâce à une combinaison d'actions flow-through à $0.09 par action et d'unités non flow-through à $0.075, chaque unité comprenant une action ordinaire et un warrant de deux ans exerçable à $0.10. L'entreprise a payé $22,875 en frais de courtage et a émis 85,000 warrants de courtage.
Pour l'acquisition de Matane, l'entreprise :
- A payé $25,000 à Zadkiel Holdings
- A émis 6 millions d'actions ordinaires aux vendeurs
- A accordé une redevance de 1,2 % sur les revenus aux vendeurs (50 % achetable pour $1,2M)
- A émis 4 millions d'actions à Quebec Innovative Materials Corp
- A accordé à QIMC une redevance de 0,80 % sur les revenus (50 % achetable pour $800,000)
Le projet d'hydrogène de Matane couvre 80 demandes s'étendant sur 26 kilomètres le long de la zone de faille Schicksock-South, présentant un potentiel de formation naturelle d'hydrogène par hydrolyse oxydative et réactions radiolytiques.
Q Precious & Battery Metals Corp (CSE: QMET, OTCPK: BTKRF) hat zwei bedeutende Entwicklungen bekannt gegeben: den Abschluss seiner ersten Privatplatzierungs-Tranche und den Abschluss der Übernahme des Matane-Wasserstoffprojekts.
Das Unternehmen hat $536,555.03 durch eine Kombination aus Flow-Through-Aktien zu $0.09 pro Aktie und Non-Flow-Through-Einheiten zu $0.075 gesammelt, wobei jede Einheit eine Stammaktie und einen zwei Jahre gültigen Warrant zum Ausüben bei $0.10 umfasst. Das Unternehmen zahlte $22,875 an Vermittlungsgebühren und gab 85,000 Vermittlungs-Warrants aus.
Für die Matane-Übernahme hat das Unternehmen:
- $25,000 an Zadkiel Holdings gezahlt
- 6 Millionen Stammaktien an die Verkäufer ausgegeben
- Den Verkäufern eine Umsatzbeteiligung von 1,2% gewährt (50% für $1,2M kaufbar)
- 4 Millionen Aktien an Quebec Innovative Materials Corp ausgegeben
- QIMC eine Umsatzbeteiligung von 0,80% gewährt (50% für $800,000 kaufbar)
Das Matane-Wasserstoffprojekt umfasst 80 Ansprüche, die sich über 26 Kilometer entlang der Schicksock-South-Verwerfungszone erstrecken und das Potenzial für die natürliche Wasserstoffbildung durch oxidative Hydrolyse und radiolytische Reaktionen aufweisen.
- Secured $536,555.03 in new funding through private placement
- Completed strategic Matane Hydrogen Project acquisition
- Project spans significant 26km area with natural hydrogen potential
- Established collaboration with Quebec Innovative Materials Corp
- Dilution through issuance of 10 million new shares
- New royalty obligations of 2% on future revenues
- Additional $22,875 in finder's fees paid
- Project still in early exploration phase with no proven resources
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2025) - Q Precious & Battery Metals Corp. (CSE: QMET) (FSE: 0NB) (OTCPK: BTKRF) (the "Company") announces they have closed the first tranche of their private placement and have closed its amended and restated acquisition agreement to acquire Matane Hydrogen Project.
Private Placement
The Company closed the first tranche of its previously announced private placement offering (see press release dated February 21, 2025) for gross proceeds of
Each NFT Unit consists of one non-flow-through common share and one warrant. Each warrant will entitle the holder to purchase a common share at a price of
The Company paid finders fees of
The securities issued will be subject to a four month and one day hold from the date of issuance.
The proceeds from the Offerings will be for mineral and gas exploration activities and general working capital.
Matane Acquisition
The Company also announces that it has closed it previously announced amended and restated acquisition agreement (the "Acquisition Agreement") (see press releases dated January 30, 2025 and February 2, 2025). Under the terms of the Acquisition Agreement, the Company made a
In addition, in accordance with the terms of the strategic collaboration agreement (the "Collaboration Agreement") with Quebec Innovative Materials Corp. ("QIMC") (see press release dated February 2, 2025) the Company has issued 4,000,000 common shares to QIMC and has granted QIMC a
The Sellers and QIMC are arms-length to the Company. The securities issued will be subject to a four month and one day hold from the date of issuance.
The Matane Hydrogen Project encompasses an exploration area of significant geological interest, positioned within a transition zone between Cambro-Ordovician and Siluro-Devonian rock formations. The property spans approximately 80 claims covering 26 kilometres along the Schicksock-South fault zone, a well-defined structure with strong indicators for natural hydrogen formation.
The Matane region's unique geological setting, characterized by basaltic and peridotitic source rocks, tectonized zones and deep fault systems, presents an exceptional opportunity for hydrogen generation through oxidative hydrolysis and radiolytic reactions. The presence of porous and permeable sedimentary formations further enhances the potential for hydrogen accumulation.
About Q Precious & Battery Metals Corp.
Q Precious & Battery Metals is a Canadian exploration company focused on critical minerals and energy transition resources. With a commitment to innovation and sustainability, QMET is pioneering efforts to explore and develop natural hydrogen and other strategic resources in Quebec and beyond.
On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923
richard@qmetalscorp.com
Cautionary Statement
This news release contains certain "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements relate to future events or future performance and include, but are not limited to, statements regarding the anticipated use of proceeds from the private placement, regulatory approvals, the Company's exploration and development plans for the Matane Hydrogen Project, future payments or share issuances under the Acquisition Agreement, and the potential exercise or repurchase of the Sellers' Royalty and the QIMC Royalty.Forward-looking statements are based on reasonable assumptions at the time they are made, including expectations regarding market conditions, regulatory approvals, the Company's ability to secure necessary permits, and its ability to execute exploration and development programs as planned. However, these statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to: delays in obtaining regulatory approvals, fluctuations in commodity prices, operational and technical challenges, capital market conditions, unforeseen geological factors, and risks associated with the hydrogen and mineral resource industries. There can be no assurance that the Company will complete its planned exploration and development activities as anticipated, that expected cost structures or funding sources will remain available, or that any of the royalties or other financial terms outlined in the agreements will be exercised or acquired under the anticipated conditions. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on forward-looking information. Additional information identifying risks and uncertainties that may affect the Company's financial and operational performance is available in its public filings with Canadian securities regulators at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243014
FAQ
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