Quest Critical Metals Announces Closing of Non-Brokered Private Placement Offering and Will Commence Drilling in June
FOR IMMEDIATE RELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
QUEST CRITICAL METALS ANNOUNCES CLOSING OF NON-
BROKERED PRIVATE PLACEMENT OFFERING AND WILL
COMMENCE DRILLING IN JUNE
Vancouver, BC – May 23, 2025 – Quest Critical Metals Inc (“Quest Critical Metals” or the
“Company”) (CSE: BULL, OTC: DCNNF, FSE: DCR0) is pleased to announce the closing of a non-
brokered private placement, raising gross proceeds of $1,004,860 through the issuance of
14,355,137 units (each, a "Unit") at a price of $0.07 per Unit (the " Private Placement").
Each Unit is comprised of one common share in the authorized share structure of the Company
(each, a "Common Share") and one-half of one Common Share purchase warrant (each whole
warrant, a “Warrant”) of the Company. Each Warrant entitles the holder to purchase one Common
Share (a “Warrant Share”) of the Company at a price of $0.14 per Warrant Share for a period of
eighteen (18) months from the date of closing.
All securities issued in connection with the Private Placement will be subject to a statutory hold
period of four months and one day following the date of issuance in accordance with applicable
Canadian securities laws.
The financing proceeds will be used for exploration and drilling of the Tisova as well as retiring
advances made to the Company. The Tisvoa property is drill & permit ready, following a
geophysical survey that identified a very large, untested anomaly and confirmed the
reinterpretation of the deposit as a Volcanogenic massive sulfide (VMS) style deposit.
The drilling is fully permitted, including permission from the surface landowner, and will
commence rapidly after the closing of this phase of the private placement.
Insiders of the Company participated in the Private Placement for approximately $59,019. The
issuance of Units to insiders is considered a "related party transaction" within the meaning of
Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special
Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation
requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval
requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such insider participation as
the fair market value of the transaction, insofar as it involves interested parties, does not exceed
25% of the Company's market capitalization.
Garry Clark, P. Geo, Director of the Company, is the qualified person as defined in NI 43-101,
who has reviewed and approved the technical disclosure contained in this news release.
Quest Critical Metals Inc.
James Newall, President and CEO
T: (604) 639-4472
Forward-Looking Statements
This news release contains certain "forward -looking information" within the meaning of
applicable securities law. Forward-looking information is frequently characterized by words such
as "plan", "expect", "project", "intend", "believe", "anticipate", "esti mate" and other similar
words, or statements that certain events or conditions "may" or "will" occur. In particular,
forward-looking information in this press release includes, but is not limited to, statements with
respect to the Company's ability to complete the Private Placement on the terms and on the
proposed closing timeline announced or at all and the use of proceeds of the Private Placement.
Although we believe that the expectations reflected in the forward -looking information are
reasonable, there can be no assurance that such expectations will prove to be correct. We cannot
guarantee future results, performance or achievements. Consequently, there is no representation
that the actual results achieved will be the same, in whole or in part, as those set out in the forward-
looking information.
Forward-looking information is based on the opinions and estimates of management at the date
the statements are made, and are subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from those anticipated in the forward-
looking information. Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but are not limited
to: general economic conditions in Canada and globally; industry conditions, including
governmental regulation and environmental regulation; failure to obtain industry partner and
other third party consents and approvals, if and when required; the availability of capital on
acceptable terms; the need to obtain required approvals from regulatory authorities; stock market
volatility; liabilities inherent in water disposal facility operations; competition for, among other
things, skilled personnel and supplies; incorrect assessments of the value of acquisitions;
geological, technical, processing and transportation problems; changes in tax laws and incentive
programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other
factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this
cautionary statement. We undertake no duty to update any of the forward-looking information to
conform such information to actual results or to changes in our expectations except as otherwise
required by applicable securities legislation. Readers are cautioned not to place undue reliance
on forward-looking information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.