Quantum Battery Readys Portfolio FOR Investment
NEWS RELEASE November 2022
QUANTUM BATTERY READYS PORTFOLIO FOR INVESTMENT
Vancouver, British Columbia, November 3rd, 2022 – Quantum Battery Metals Corp.
(CSE: QBAT; OTC: BRVVF; FRA: 23B0) (“Quantum” or the “Company”) announces
that management has received several proposals from third parties to provide additional
financing to the Company. Due to the increased demand of elect ric vehicles and
technology requiring lithium batteries and the influx of interest in Quantum, the Company
has begun the process of budgeting development and expansion of their current and
possible future assets. The Company currently has six properties with EV metals that are
thoroughly being explored, but with possible further funding could receive more robust
exploration plans.
The shortages of electric battery raw materials especially from domestic sources is
significant. The Democratic Republic of the Congo (DRC) is the world’s largest producer
of cobalt and holds more than 50 percent of the global cobalt reserves. Cobalt is used in
lithium-ion batteries that form an integral part of electric automobiles, mobile phones and
laptop computers. Demand for c obalt is expected to rise significantly over the coming
years. Many manufacturers prefer to receive their supply from North America which is
deemed to be a stable jurisdiction. All of Quantum’s properties are located in Canada.
“With possible significant funding on the horizon we are evaluating our current portfolio’s
needs and looking at possible situations to expedite development of our properties . We
have overseen exploration program s and will likely be able to increase further
development of our assets. Furthermore, with additional funding the acquisition of further
Lithium and Cobalt Properties will likely occur as we look to take a significant piece of the
region,” states Marc Momeni, Chief Executive Officer.
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
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", "bel ieves", "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 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 gu arantees 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.