Q Precious & Battery Metals Announces Diamond Drilling Holes 4 and 5 Completed and Proposed Financing
Q PRECIOUS AND BATTERY METALS CORPORATION
500- 666 Burrard Street
Vancouver, BC, V6C 3P6
www.qmetalscorp.com
Q PRECIOUS & BATTERY METALS
ANNOUNCES DIAMOND DRILLING HOLES 4 and 5 COMPLETED
AND PROPOSED FINANCING
April 28, 2025 Vancouver, BC – Q Precious and Battery Metals Corp. (“QMET” or the “Company”) (CSE: QMET) is
pleased to announce that diamond drilling of two drill holes has been completed on the La Corne South project
located north of Val d’Or, Quebec. The Company is also please to announce a proposed flow -through private
placement financing.
Drilling
The drilling was designed to test two priority geophysical targets as determined by the company’s exploration
team (TDEM targets EMG-01 and EMG-02).
One drill hole each (holes LCS-25-04 and -05) was completed to test two TDEM anomalies. In 2024, drilling was
successful at intercepting significant massive and disseminated sulphides containing copper, silver, zinc, and gold
by testing similar geophysical targets (see news release dated March 19, 2025) in holes LCS-24-01 and LCS-24 -
03.
The table below provides a summary of drilling to date on La Corne South:
HOLE id Azimuth Dip Depth UTM E UTM N
LCS-24-01 40 -45 144.6 297970 5354750
LCS-24-02 55 -45 144 297970 5354750
LCS-24-03 54 -45 137.65 297942 5354812
LCS-25-04 0 -90 324 299279 5353498
LCS-25-05 0 -90 116.6 299114 5353629
Drill core has been viewed by geologists at Explo -Logik in Val d’Or. The geologist report visual intercepts
containing pyrite and pyrrhotite in the two recently completed drill holes, as well as sections with visual
chalcopyrite. These are preliminary assessments that require further detailed observations, as well as laboratory
sampling and analysis. More detailed analysis of the core will completed within the next week.
First Class Diamond Drilling Inc. was contracted to undertake diamond drilling on the La Corne South project. First
Class Drilling successfully completed the first five drill holes on the project in 2024 and 2025.
Explo-Logik Inc, located in Val d’Or, is managing this phase of exploration including core logging and sampling at
their facility. The first phase of drill testing the massive and semi massive sulphide mineralization at holes one
through three totalled 278 samples of core from three holes. An additional 440.6 metres of drilling was completed
in this most recent drilling. Core was directly delivered by Explo-Logik staff to the laboratory in Val d’Or, Quebec.
The samples will be sent to Agat Labs in Val d’Or where they will undergo multi-element analysis processing that
uses 4 -acid digestion of pulverized samples followed by mass spectrometer detection for 48 elements, and
analysis for gold, platinum, and palladium using fire assay. For quality assurance and control Explo-Logik inserted
blanks, standards, or duplicates at one per every 10 samples.
Diamond drilling on the La Corne South project has been testing geophysical targets including TDEM conductivity.
Three drill holes were completed at the north end of the TDEM survey area in the fall of 2024, with the results
from holes 24LCS-01 and 24LCS-03 returning robust VMS-style mineralization with elevated copper, zinc, silver,
and gold. As previously reported, significant downhole intercepts from hole 24 -LCS-01 were summarized as
follows (previous News Release September 2024):
• 122.75-123.3 – 4.2% copper, 4% zinc, 0.17 ppm gold, and 30.3 ppm silver
• 123.3-123.85 – 1.9% copper, 3.17% zinc, and 14.7 ppm silver
• 123.85-124.4 – 0.79% copper, 1.3% zinc, and 7.33 ppm silver
• 125.5-126 – 2.61% copper
*True widths of mineralization have not yet been determined
The weighted average for the total mineralized zone from 102.15 metres to 127.6 metres in hole 24LCS -01 was
calculated as:
❖ 0.83% copper equivalent over 25.45 metres*
From hole 24-LCS-03, significant downhole intercepts were returned including;
• 108.75-109.75 – 2.68% copper, and 23.45 ppm silver
• 110.2-111.4 – 2.66% copper, and 24.05 ppm silver
The weighted average copper equivalent for hole 24LCS -03 continuous intercept from 104.85 metres to 112.75
metres downhole depth was calculated as (previous news release dated January 21, 2025);
❖ 1.17 % copper equivalent** over 7.9 metres*
*Note that the true widths of mineralization have not yet been determined for any of the intercepts reported to
date.
Diamond drilling undertaken by QMET to date has tested isolated areas within a larger 2.5 kilometer long corridor
of magnetic high with associated pockets of elevated conductivity (see map below). The conductivity testing by
TDEM survey was limited to a two kilometer by one kilometer area. The company expects to expand the surface
geophysical testing to cover more of the property, including testing of areas with high magnetism by TDEM survey
to outline potential massive sulphide with elevated pyrrhotite. Th e company’s geologic team is currently in
discussion regarding possible exploration programs for the summer -fall of 2025. This could include surface and
down-hole geophysics, and expanding the surveys to the north of the current TDEM coverage, as well as drill
testing of strong TDEM targets further to the east of the current area of exploration (see map below). Magnetic
and conductive anomalies to the east have been shown to have surface expression where sulphide bodies have
been historically trenched and drilled. These areas will be further explored in 2025.
The company will now begin core logging and rock sawing of holes LCS-25-04 and LCS-25-05 and then send to lab.
Perry Grunenberg, P.Geo, a “Qualified Person” as that term is defined under NI 43 -101, has reviewed and
approved the technical information contained in this news release. Mr. Grunenberg is also a consultant of the
Company.
Private Placement
The Company is pleased to announce a proposed offering (the “Offering”) of up to 10,000,000 flow through units
(“FT Units”) at a price of $0.05 per FT Unit for gross proceeds of up to $500,000. Each NFT Unit consists of one
flow-through common share and one whole Warrant. Each Warrant will entitle the holder to purchase a common
share at a price of $0.07 per share for a three-year term (the “Warrant Term”).
The Company will pay finder’s fees of up to 10% in cash and issue finder’s warrants (the “Finder’s Warrants”)
equal to 10% of the number of FT Units sold to eligible finders. Each Finder’s Warrant will be exercisable at a price
of $0.05 per share for a term of three years.
The Offering is subject to the approval of the Canadian Securities Exchange. The securities issued will be subject
to a four month and one day hold from the date of issuance.
The proceeds from the Offering will be for mineral and gas exploration activities.
Q PRECIOUS & BATTERY METALS CORP
Q Precious & Battery Metals exploration programs undertaken in Quebec are supervised by Dr. Mathieu Piché,
OGQ, with office located north of Val d’Or. He is also a Q Battery Metals company director. The company has
100% interest in mineral claims within Quebec, targeting critical and precious metals as well as Natural Hydrogen.
Projects include the La Corne South VMS Project, McKenzie East Gold property, as well as the Pontax Lithium
and Versant rare earth elements (REE) properties, and the Matane and Colchester Natural Hydrogen Projects.
Cautionary Statement
This news release contains certain "forward-looking statements" within the meaning of applicable Canadian
securities laws. Forward-looking statements relate to future events or future performance and reflect
management’s expectations and assumptions at the date of this news release. Such statements include, but are
not limited to, the completion of laboratory analysis on drill core, the results and interpretation of assays, the
potential discovery of mineral resources on the La Corne South property, the expansion of surface and downhole
geophysical surveys, the potential summer-fall 2025 exploration programs, and the successful completion of the
proposed private placement financing and use of proceeds. These forward-looking statements are based on a
number of assumptions, including: the Company's ability to carry out planned exploration activities as currently
anticipated; that laboratory results will confirm preliminary visual observations of mineralization; that
geophysical surveys will successfully delineate new drill targets; that commodity prices (including copper, zinc,
silver, gold, and lithium) and exploration costs will remain relatively stable; that financing will be available on
reasonable terms; and that regulatory approvals for the Offering will be obtained in a timely manner. Forward-
looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual
results, performance, or achievements to differ materially from those anticipated. Such risks and uncertainties
include, but are not limited to: the risk that laboratory results may not confirm visual observations; risks
associated with mineral exploration generally, including the possibility that exploration activities may not yield
mineralized zones of commercial interest; delays or inability to expand the geophysical survey coverage; delays
in receiving required permits and approvals; the inability to complete the private placement financing on the
terms announced or at all; dilution to shareholders from future financings; changes in commodity prices;
increased costs and expenses; market volatility; environmental risks; operating hazards associated with
exploration activities; dependence on key personnel; changes in government regulations; and risks related to the
Company’s limited operating history. Readers are cautioned not to place undue reliance on forward-looking
information. Q Precious & Battery Metals Corp. disclaims any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events, or otherwise, except as required by law.
On behalf of the Board of Directors
Richard Penn
CEO
(778) 384-8923
Figure 1 LaCorne Project, Val-d’Or, Quebec.
Figure 2 LaCorne Project, Val-d’Or, Quebec.