Quest Critical Metals Announces Amendment to Non-Brokered Private Placement
FOR IMMEDIATE RELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
QUEST CRITICAL METALS ANNOUNCES AMENDMENT TO NON-
BROKERED PRIVATE PLACEMENT
Vancouver, BC – March 5, 2025 – Quest Critical Metals Inc (“Quest Critical Metals” or the
“Company”) (CSE: BULL, OTC: DCNNF, FSE: DCR0) announces that it has amended the terms of the
proposed non-brokered private placement previously announced on February 28, 2025 (the “Private
Placement”). The Company now intends to raise up to $1,520,000 through the issuance of up to 21,714,286
units (each, a “Unit”) at a price of $0.07 per Unit.
Each Unit will be 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
additional 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.
The closing of the Private Placement may take place in one or more tranches as determined by the
Company and is subject to certain conditions including, but not limited to, the receipt of all
necessary approvals, including the approval from the CSE.
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 Company may pay certain eligible finders a cash fee of up to 6% of the gross proceeds raised
in respect of the Private Placement from subscribers introduced by such finders to the Company.
The gross proceeds of the Private Placement will be used for an initial drill program at the
Company’s Tisvoa Klingenthal copper/cobalt property, and for general corporate and working
capital purposes. The Tisvoa property is drill ready, following a geophysical survey that identified
a very large, untested anomaly and confirmed the reinterpretation of the deposit as a Volcanic
Massive Sulphide (VMS) style deposit.
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", "estimate" 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.