Quantum Battery Metals Has Signed LOI to Acquire Copper Coffer
NEWS RELEASE MARCH 2024
QUANTUM BATTERY METALS HAS SIGNED LOI TO ACQUIRE COPPER COFFER
PROPERTY
VANCOUVER, BC, March 21, 2024 - Quantum Battery Metals Corp. (CSE: QBAT) (OTC
Pink: BRVVF) (FSE: 23B0) ("Quantum" or the "Company") , a Battery metals mining
company, has signed a non-binding letter of intent to acquire the Copper Coffer Property. The
LOI details the acquisition of the property with 100 -per-cent option interest in and to 2 4 mineral
claims, together with the surface rights, mineral rights, personal property, and permits associated
there with located on the Copper Coffer Property.
About the Copper Coffer Property
The Copper Coffer Property is a copper prospect with an approximate area of 6 00 hectares in
jurisdiction of Newfoundland, Canada. The Property is located on the Bonavista Peninsula and is
accessible by road via Port Rexton or Trinity, or by plane via the St. John’s International Airport,
located 180 km Southeast of the Property.
• The Copper Coffer Property is located on the Bonavista Peninsula within the
tectonostratigraphic Avalon Zone.
• The region is characterized by ca. 760—540 Ma Late Proterozoic submarine and terrestrial
volcanic rocks, and turbiditic, deltaic, and fluviatile sedimentary rocks. The Avalon Zone
is subdivided into two sedimentary basins separated by the Spillars Cove-English Harbour
fault. The St. John’s basin includes the Conception, St. John’s, and Signal Hill groups, and
the Bonavista basin includes the Musgravetown Group and Random and Bonavista
formations. The Copper Coffer Property falls within the Bonavista basin, within the
Connecting Point, Musgravetown, groups, and the Random Formation.
• The Copper Coffer Property is prospective for sedimentary -hosted stratiform copper
mineralization. These deposits commonly occur as thin (<30 m), peneconcordant sulphide-
bearing zones in reduced horizons that overly oxidized continental redbeds, or in reduced
units within continental redbed sequences (Hinchey, 2010)1.
1 Hinchey. 2010. Neoproterozoic sedimentary-hosted ‘stratiform’ copper mineralization – Bonavista
Peninsula, Avalon Zone, Newfoundland: Initial field and petrographic observations. Newfoundland and
Labrador Department of Natural Resources, Geological Survey, Report 10-1: 1—21.
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: [email protected]
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 M etals 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 o n
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.