QUANTUM BATTERY METALS Issues Clarifying Disclosure
NEWS RELEASE
July 4, 2025
QUANTUM BATTERY METALS Issues Clarifying Disclosure
Vancouver, British Columbia – Quantum Battery Metals Corp. (CSE: QBAT; OTC:
BRVVF; FRA: 23B0) (“Quantum” or the “Company”) announces that as a result of a
continuous disclosure review by the British Columbia Securities Commission ("BCSC"), the
Company is providing the following updates and clarifications to its previously disclosed
information.
Acquisition of the Calico Jack Property
Transaction Details: The Company disclosed the acquisition terms in its news release dated
October 7, 2024. The transaction involves the issuance of 6 million shares to acquire 1500643 B.C.
Ltd., which owns the Calico Jack Property. The acquisition resulte d in a 48% dilution to existing
shareholders.
Clarifications on Calico Jack Property Acquisition:
The shareholders of 1500643 B.C. Ltd. at the time of incorporation and immediately prior to the
acquisition are all arm’s length. The Company will not be paying finder’s fees in regards to the
acquisition and does not anticipate any change in management following the acquisition. The
company determined the number of shares to be issued by comparing the land package to previous
acquisitions of the Company and similar properties within the area. The Company notes that the
form 9 that was issued on October 7, 2024 indicates that the company had entered into the share
exchange agreement on October 1, 2024. The Company confirms that the news release dated
October 7, 2024 as filed on SEDAR+ on February 20, 2025, is correct in which the Company has
successfully negotiated terms to proceed with a share exchange agreement, and at the Company
has not yet signed the share exchange agreement. The Company expects to sign the share exchange
agreement following BCSC disclosure review in which they expect to close the transaction within
a month of signing the share exchange agreement.
Information regarding 1500643 B.C. Ltd.
• 1500643 was incorporated on September 6, 2024.
• 1500643 acquired the Calico Jack property on September 6, 2024.
• 1500643 will acquire the Calico Jack property through an asset assignment agreement with
its five shareholders in conjunction with the closing of property acquisition with Quantum.
The individual shareholders of 1500643 currently have option rights with Caprock
Ventures Corp (“Caprock”) in which they assign their rights to the option.
• 1500643 did not incur any fees to develop the property after its acquisition of the property
and prior to the acquisition by the Company.
• Shareholders of 1500643 acquired the Calico Jack property from Caprock Ventures Corp.
(“Caprock”) through an asset purchase agreement dated August 1, 2024, after which they
incorporated 1500643.
• The Shareholders of 1500463 will pay $300,000 to the original vendor Caprock at the
closing of the company’s acquisition of 1500643
Completed Acquisitions
Material Change Reports and Business Acquisition Reports:
The Company acknowledges that it had not previously filed material change reports and business
acquisition reports for several completed acquisitions, including Hook’s Harbour, Lac Mistumis,
Rose West, Nipissing Lorain e, and Rabbit Lake properties. The Company has now filed any
appliable material change reports and material agreements on SEDAR+. The company expects to
file the business acquisition reports following an audit of the subsidiaries.
Finder’s Fees: The Company disclosed that finder’s fees of $31,500 and $35,000 were paid in
connection with the acquisitions of the Kahuna Cobalt and Rabbit Lake Properties, respectively.
The Company would also like to further disclose the license issuance date, expiry date and required
annual work required for each of its properties
Property Issuance Date Expiry Date Work required
annually
Copper Coffer 2021-10-17 2026-10-17 $6,000.00
Alba and Kelso 2016-06-22 2026-06-21 $75,150.00
Hook’s Harbour 2021-10-17 2026-10-17 $6,500.00
Kahuna 2018-04-10 2026-04-10 $22,600.00
Lac Mistumis 2021-07-22 2026-07-21 $7,785.00
Nipissing Lorrain 2018-04-10 2026-06-28 $7,800.00
Rabbit 2018-04-10 2026-04-09 $26,400.00
The Company has arranged its payments and work filings to keep the properties in good standing
this year.
In regards to the Rabbit Lake property, the company intends to hold the property despite
disappointing results over the last two exploration programs (2021/2022), and no further work is
recommended at this time by the geologist team.
Exploration Activities
Project Delays:
The Company’s planned exploration programs were delayed due to the unexpected closure of its
prior geologist consultant, Longford Exploration. The Company found that Longford ceases to be
operational in June 2023. Transitioning to a new geologist team required time for familiarization
with the properties. Exploration plans for Hook’s Harbour Copper Property, initially set for
September 2023, were not executed.
Corporate Governance and Audit Committee
Mr. David Jenkins serves as the Chair of the Audit Committee , accompanying him on the audit
committee is David Greenway, and Von Torres . Mr. Jenkins and Mr. Greenway are considered
independent and Mr. Torres is considered not independent. The Company’s current directors are
Quinn Field-Dyte, David Greenway, David Jenkins, and Von Torres.
Investor Relations Activities
Marketing Agreements:
The Company disclosed terms of its agreements with promotional service providers, including
Media Relations Publishing, Carsten Schmider, and Affiliate Marketing, in news releases dated
March 19, 2021, August 29, 2023, and December 28, 2023.
The Information for Media Relations Publishing/Carsten Schmider is:
Carsten Schmider
Marie Curie Str. 3
50321 Bruhl
+49 176 / 702 44 313
The Company used Media Relations Publishing/Carsten Schmider from March 19, 2021 to
August 25, 2023 intermittently.
The Company announced on December 28, 2023, that it would be using Affiliate Marketing for
advertising and marketing services. The Company did not proceed with using Affiliate Marketing.
Quantum remains committed to ensuring transparency and regulatory compliance. The Company
will continue to work closely with the BCSC and other regulatory authorities to address
outstanding comments and provide updates as necessary.
QUANTUM BATTERY METALS CORP.
“Quinn Field-Dyte”
_______________________
Quinn Field-Dyte
Interim CEO, CFO 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.