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 tha t it has closed the first tranche of its previously
announced private placement offerings (the “Offerin gs”) (see press releases dated July 3, 2025 and Jul y
11, 2025) and its previously announced debt settlement (the “Debt Settlements”) (see press release dat ed
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 (“F T 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 entitl es 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 Unit s sold to eligible finders. Each Finder’s Warrant i s
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, Krysta l Pineo, and $20,000 owing to a director of the
Company, Kwaku Ashong. Participation by Ms. Pineo a nd Mr. Ashong in the Debt Settlements are
considered “related party transactions” pursuant to Multilateral Instrument 61-101 – Protection of Min ority
Security Holders in Special Transactions (“MI 61-10 1”). 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 expenditure s.
Forward-looking information is frequently character ized by words such as “plan”, “expect”, “project”,
“intend”, “believe”, “anticipate”, “estimate” and o ther similar words, or statements that certain even ts or
conditions “may” or “will” occur. Forward-looking s tatements are based on the opinions and estimates a t
the date the statements are made, and are subject t o a variety of risks and uncertainties and other fa ctors
that could cause actual events or results to differ materially from those anticipated in the forward-l ooking
statements including, but not limited to delays or uncertainties with regulatory approvals, including that of
the CSE, inability to effectively plan a program, t hird party land claims or failure to obtain permits . There
are uncertainties inherent in forward-looking infor mation, including factors beyond the Company’s cont rol.
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 describ ed 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 risk s and uncertainties that could affect financial res ults is
contained in the Company’s filings with Canadian se curities regulators, which are available at
www.sedarplus.ca.