Q Precious & Battery Metals Corp. to Settle Outstanding Debt and Grant Options
Q PRECIOUS & BATTERY METALS CORP.
500- 666 Burrard Street
Vancouver, BC, V6C 3P6
Q PRECIOUS & BATTERY METALS CORP. TO SETTLE OUTSTANDING DEBT AND GRANT
OPTIONS
November 20, 2024 – Vancouver, British Columbia. Q Precious & Battery Metals Corp. (the “Company”)
(CSE: QMET) (Frankfurt: 0NB) (OTCPK: BTKRF) is pleased to announce that proposes to settle
outstanding indebtedness of up to $250,944 in exchange for an aggregate of up to 3,345,916 common
shares of the Company at a price of $0.075 per common share.
The securities, when issued will be subject to a four month and one day hold from the date of issuance. In
addition, the debt settlement is subject to the approval of the CSE.
The Company also announces that it has granted 2,200,000 stock options with a two year term and an
exercise price of $0. 09 per share (the “Option Grant”) , of which all of the issued options were issued to
directors and officers of the Company.
Option Grant to Richard Penn
Richard Penn, an officer and director of Company (the “Acquiror), was granted 1,000,000 options to
purchase common shares (the “Shares”) of Q Precious & Battery Metals Corp. (the “Reporting Issuer”).
Immediately prior to the closing of the Option Grant, the Acquiror beneficially owned or controlled 2,516,965
Shares, 212,750 Warrants and 180,000 Options, representing approximately 9.3% of the issued and
outstanding Shares on a non -diluted basis and, assuming the exercise of the 212,750 Warrants and
180,000 Options, approximately 10.6% of the issued and outstanding Shares on a partially diluted basis.
Immediately following the closing of the Option Grant, the Acquiror beneficially owns or controls 2,516,965
Shares, 212,750 Warrants and 1,180,000 Options, representing approximately 9.3% of the issued and
outstanding Shares on a non -diluted basis and, ass uming the exercise of the 212,750 Warrants and
1,180,000 Options, approximately 13.7% of the issued and outstanding Shares on a partially diluted basis.
The securities of the Company held by the Acquiror are held for investment purposes. The Acquiror has a
long-term view of the investment and may acquire additional securities of the Company either on the open
market, through private acquisitions or as compensation or sell the securities on the open market or through
private dispositions in the future depending on market conditions, general economic and industry
conditions, the Company’s business and financial condition, reformulation of plans and/or other r elevant
factors.
A copy of the Acquiror’s early warning report will appear on the Company’s profile on SEDAR+ and may
also be requested by mail at Q Precious & Battery Metals Corp., 500 - 666 Burrard Street, Vancouver, BC,
V6C 3P6, Attention: Richard Penn or phone at (778) 384-8923.
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 frequent ly 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 opinion s 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 t o 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 th at could affect financial results is
contained in the Company’s filings with Canadian securities regulators, which are available at
www.sedar.com.