Quest Critical Metals Confirms Licence Renewals of Czech and German Exploration Licences, Commencement of Negotiations with Local Drilling Company and EU Funded Geochemical Program
FOR IMMEDIATE RELEASE
QUEST CRITICAL METALS CONFIRMS LICENCE RENEWALS OF CZECH AND GERMAN
EXPLORATION LICENCES, COMMENCEMENT OF NEGOTIATIONS WITH LOCAL
DRILLING COMPANY AND EU FUNDED GEOCHEMICAL PROGRAM
Vancouver, BC – January 24, 2025 – Quest Critical Metals Inc (“Quest Critical Metals” or
the “Company”) (CSE: BULL, OTCQB: DCNNF, FSE: DCR0) announces that all its
exploration licences, that were due to expire in 2024, have been renewed both in the Czech
Republic and in Germany. A local drilling company has been selected, and negotiations have now
commenced for the Spring drilling program that will commence as soon as the weather conditions
allow.
As per the Company’s Press Release of December 3, 2024, the testing of the EIS software
(Exploration Information Systems, EU grant funded project) identified, using AI and data analysis,
a new prospective location with the licence areas. Therefore, a geochemical (soil sampling) survey
will be carried out on this area by the Company and its EIS Partners at the same time as the Spring
2025 drilling program. All the costs of this geochemical work, including lab reports, will be
covered by the EU grant.
Following the ongoing weakness in the lithium market, an increase in local taxes and further
unexpected future costs the Company carried out a strategic review of the Brazilian exploration
licences. It was felt that given the ongoing successes at Tisova/Klingenthal, particularly with the
EU grant funded projects, it was best to focus all the Company’s efforts in this area and therefore
has relinquished the lithium licence areas.
James Newall, President and CEO, commented: “Extending our licences in both countries required
us to demonstrate to the relevant authorities a clear plan and the potential of those licence areas. I
am delighted to say that we achieved that and would like to thank our team in the Czech Republic
and Beak Consultants for their hard work. Now we can formally engage a drilling contractor and
we are very excited to soon drill the large geophysical anomaly that has been assessed to be a
VMS. The EU funded geochemical program is an added bonus as it is in an untested area that has
been identified as prospective by the EIS software.”
Quest Critical Metals Inc.
James Newall, President and CEO
T: (604) 639-4472
Reader Advisory
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with respect to the proposed drilling plans and exploration program. Although we believe that the expectations
reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will
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