Quantum Battery Metals Has Signed LOI to Acquire Calico Jack Property
NEWS RELEASE SEPT 2024
QUANTUM BATTERY METALS HAS SIGNED LOI TO ACQUIRE CALICO JACK
PROPERTY
VANCOUVER, BC, September 9 , 2024 - Quantum Battery Metals Corp. (CSE: QBAT)
(OTC Pink: BRVVF) (FSE: 23B0) ("Quantum" or the "Company"), a Battery metals mining
company, has signed a non-binding letter of intent to acquire the Calico Jack Property. The LOI
details the acquisition of the property with 100-per-cent option interest in and to 21 mineral claims,
together with the surface rights, mineral rights, personal property, and permits associated there
with located on the Calico Jack Property.
About the Calico Jack Property
The Calico Jack Property is a mineral exploration site covering approximately 525 hectares in
Newfoundland, Canada. Located on the Bonavista Peninsula, the property is accessible via road
along the Trans -Canada Highway from Sunnyside or by air through St. John’s International
Airport, situated about 180 km southeast.
• Geology: The property is situated within the Neoproterozoic Musgravetown Group, part
of the Bonavista Basin, and features formations such as the Bull Arm, Big Head, and Trinny
Cove. It is prospective for sedimentary -hosted stratiform copper mineralization, which
involves the deposition of copper sulfides in reduced sedimentary environments.
• Exploration Status: Exploration activities began in 2001, focusing on drilling, geological
mapping, prospecting, and various sampling methods. Recent surveys, including a 2023
Satellite Analysis, identified multiple target areas supporting further exploration.
• Potential for Mineralization : The property has shown potential for sedimentary -hosted
stratiform copper mineralization. This type of deposit commonly forms in thin, sulphide -
bearing zones within reduced horizons overlying oxidized continental redbeds or within
reduced units in redbed sequences.
QUANTUM BATTERY METALS CORP.
“Marc Momeni”
_______________________
Marc Momeni, 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 statements". All statements in this release, other than statements of historical
facts, that address events or developments that Quantum Battery M etals 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 o n
reasonable assumptions, such statements are not guarantees of future performance and actual
results may differ 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 forward - 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.