Quantum Battery Metals Commences Talks with Battery Manufacturers FOR Supply Agreements
NEWS RELEASE JUNE 2022
QUANTUM BATTERY METALS COMMENCES TALKS WITH BATTERY
MANUFACTURERS FOR SUPPLY AGREEMENTS
Vancouver, British Columbia, June 23, 2022 – Quantum Battery Metals Corp. (CSE:
QBAT; OTC: BRVVF; FRA: 23B0) (“Quantum” or the “Company”) announces that the
Company is exploring the option of streaming the Nipissing Lorrain rockpile and as such,
is in preliminary discussions to secure potential supply agreements with battery
manufacturers. Quantum’s exploration team is currently evaluating the current mass of
the rockpile, which has gone up significantly in value in light of current battery metal prices
and the growing demand for battery metals produced within geopolitically safe
jurisdictions like Canada.
The Company is actively seeking electric vehicle (“ EV”) battery producers in North
America to acquire the rockpile. The lithium-ion battery metals market was valued at $14
billion in 2021 and is expected to reach $286 billion by 2031. With the battery market
heavily influenced by consumer electronics and industry wide technology, the increase
and urgency of ethical battery metals has grown exponentially. The outbreak of COVID -
19 has reportedly caused several delays within the manufacturing operations and in turn
caused a slowdown of EV battery supply. With all the disruptions negatively affecting the
market, Small to mid-range sized manufacturers are having difficulties finding supply and
many manufacturers are looking to secure long-term supply contracts with battery metal
producers. Quantum views this as the perfect time to monetize the easily accessible
rockpile. There has already been interest in the rockpile, and the Company aims to begin
talks with local producers in short order.
“While at the early stages of the mining life cycle, we are well positioned within the current
environment to capitalize on the growing demands for battery metals in safe and mining
friendly jurisdictions. Our prudent and value drive approach has allowed us to expand our
portfolio which includes numerous lithium and cobalt properties. Many EV battery
manufacturers require an ethical source for their raw materials, which is a major factor for
their image, their viability and to meet the demand from today’s ethically driven investor
base. With our properties located within North America, we can ensure that any material
produced would be conflict free. The time is now for the battery metals market due to the
influx demand of consumers and industries alike,” states David Greenway, Director.
QUANTUM BATTERY METALS CORP.
“Andrew Sostad”
_______________________
Andrew Sostad, CEO and Director
Contact Information:
400 – 837 West Hastings Street
Vancouver, British Columbia
V6C 3N6
Phone: 604.629.2936
Email: [email protected]
Forward-Looking Information This news release includes certain statements that may be
deemed "forward -looking s tatements". All statements in this release, other than
statements of historical facts, that address events or developments that Quantum Battery
Metals Corp. (the "Company") expects to occur, are forward-looking statements. Forward-
looking statements are statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" and similar expressions, or that events or conditions
"will", " would", "may", "could" or "should" occur. Although the Company believes the
expectations expressed in such forward -looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results may diffe r materially from those in the forward -looking statements. Factors that
could cause the actual results to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes, and continued availability
of capital and financing, and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future performance and
actual results or developments may differ materially from those projected in the for ward-
looking statements. Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are made. Except as
required by applicable securities laws, the Company undertakes no obligation to update
these forward-looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.