QUEST CRITICAL METALS INC - DCNNF STOCK NEWS

Quest Critical Metals (CSE: BULL, OTC: DCNNF) has been accepted as an Associate Partner in the EU Horizon grant-funded Project DeepBEAT, which has secured €4.8m in funding. The project aims to develop innovative geochemical technologies for detecting deep-seated land deposits, with Quest's Tisova/Klingenthal licences serving as a test site.

DeepBEAT proposes ten technological developments, including ultra-high resolution analytical chemistry, improved sampling strategies, and AI-assisted 3D mineral prospectivity modelling. The project partners include prestigious institutions like the Czech Geological Survey, GTK, Queens University Canada, and is coordinated by the Helmholtz-Zentrum Dresden-Rossendorf Research institute.

On May 21, 2024, Quest Critical Metals (CSE: BULL, OTCQB: DCNNF, FSE: DCR0) announced the termination of its proposed best efforts private placement offering and the concurrent non-brokered private placement. These offerings were initially announced on May 1, 2024. This decision halts the planned fundraising activities for the company. The announcement was made by James Newall, President and CEO of Quest Critical Metals.

Quest Critical Metals Inc. announces a private placement offering of up to $3,000,000. The Company has entered into an agreement with Research Capital for the Offering, consisting of Units at $0.35 per Unit with each Unit comprising one Common Share and one Warrant. The Agent has an option to increase the size of the Offering by up to 15%. The Offering is expected to close on or about May 20, 2024, and will be used for exploration and working capital purposes.

Quest Critical Metals Inc. appoints Brian Kirwin and Percy Clark to its board of directors, with Brian Kirwin bringing over 35 years of mining experience and Percy Clark adding geology expertise. The company also sees the resignation of Bryce Tisdale. James Newall, President and CEO, expresses gratitude for Tisdale's contributions.

Quest Critical Metals Inc. announces the strategic decision to relinquish its option to acquire 100% of the East Bull Palladium project to focus on advancing its Tisova/Klingenthal copper/cobalt VMS and Minas Gerais lithium projects. The move aims to optimize the company's portfolio and deliver optimal value for shareholders.

Quest Critical Metals Inc. provides an update on its Klingenthal/Tisova project, now drill ready, as part of the EU Horizon funded Exploration Information Systems Project. The company has conducted a full mineralogical characterization of the VMS sulphidic ore and identified three main evolution stages of ores. The 2018 geophysical magnetics and 3d IP survey have been integrated into historical and new data, refining the drill targets. Historical data from over 30 kilometers of underground workings and 40 kilometers of underground and surface drilling, coupled with various studies by students and professors at Charles University, provide an excellent base for a detailed compilation.

Quest Critical Metals Inc. receives EU HORIZON-funded grant to enhance Europe's self-sufficiency in critical raw materials. The company's Klingenthal/Tisova property, straddling the German/Czech border, is a key focus. The EIS Project aims to develop advanced exploration concepts and tools while raising awareness of the importance of critical raw materials.

Quest Critical Metals Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR0) is pleased to update its shareholders on the latest progress of the EU HORIZON-funded Exploration Information Systems (EIS) Project. The EU HORIZON €7.5m funded EIS Project aims to enhance Europe's self-sufficiency in critical raw materials (CRM) and raise awareness of the importance of critical raw materials and the challenges of exploring for them in the EU. The Project is focused on developing advanced exploration concepts and data tools to aid mineral exploration and reduce its impact on nature, making exploration more sustainable. Key highlights include EU funding boost, top European collaboration, data contribution, Tisova Project advancement, and EIS Project awareness campaign. The company's Klingenthal/Tisova property straddles the German/Czech border with approximately 70km2 in each country and is split equally between Germany and the Czech Republic in the Erzgebirge mountain range.

Quest Critical Metals Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR0) grants 2,415,000 incentive stock options to certain personnel. The options are exercisable at $0.45 for 5 years, subject to regulatory approval.