Precious & Battery Metals Corp. Closes Private Placement Tranche and Settles Debt
Q Precious & Battery Metals Corp. Closes Private Placement Tranche and Settles Debt
July 17, 2025 – Vancouver, British Columbia. Q Precious & Battery Metals Corp. (the “Company”) (CSE: QMET) (Frankfurt: 0NB) (OTCPK: BTKRF) announces that it has closed the first tranche of its previously announced private placement offerings (the “Offerings”) (see press releases dated July 3, 2025 and July 11, 2025) and its previously announced debt settlement (the “Debt Settlements”) (see press release dated July 4, 2025).
The Company issued 400,000 non-flow-through units (“NFT Units”) at a price of $0.05 per NFT Unit for gross proceeds of $20,000. Each NFT Unit consists of one non-flow-through common share and one whole warrant (an “NFT Unit Warrant”). Each NFT Unit Warrant entitles the holder to purchase one common share at a price of $0.055 per share for a term of three years from the date of closing.
The Company issued 7,550,000 flow-through units (“FT Units”) at a price of $0.05 per FT Unit for gross proceeds of $377,500. Each FT Unit consists of one flow-through common share and one whole warrant (an “FT Unit Warrant”). Each FT Unit Warrant entitles the holder to purchase one common share at a price of $0.07 per share for a term of three years from the date of closing.
The Company paid finders’ fees of up to 10% in cash and issued finder’s warrants (the “Finder’s Warrants”) equal to 10% of the number of NFT Units and FT Units sold to eligible finders. Each Finder’s Warrant is exercisable at a price of $0.05 per share for a term of three years.
The proceeds from the Offerings will be used for mineral and gas exploration activities and general working capital.
The Company also settled outstanding indebtedness of up to $288,125 in exchange for an aggregate of up to 5,762,500 common shares of the Company at a price of $0.05 per common share. The Debt Settlements included $20,000 owing to the Company’s CFO, Krystal Pineo, and $20,000 owing to a director of the Company, Kwaku Ashong. Participation by Ms. Pineo and Mr. Ashong in the Debt Settlements are considered “related party transactions” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with their participation in the Debt Settlements in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the Debt Settlements by them did not exceed 25% of the fair market value of the Company’s market capitalization.
The Offerings and Debt Settlements are subject to the approval of the Canadian Securities Exchange. The securities issued are subject to a hold period of four months and one day from the date of issuance.
On behalf of the Board of Directors
Richard Penn CEO (778) 384-8923
Cautionary Statement
Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law including statements relating exploration program expenditures. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates 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 statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE, inability to effectively plan a program, third party land claims or failure to obtain permits. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.
There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedarplus.ca.