Q2 Metals Receives Proceeds of $2.0 Million from Shareholder Warrant Exercises
Q2 Metals Receives Proceeds of $2.0 Million
from Shareholder Warrant Exercises
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2023) -
Q2 Metals Corp. (TSXV: QTWO)
(OTCQB: QUEXF) (FSE: 458)
("
Q2
" or the "
Company
") is pleased to announce that it has received
total proceeds of $2,011,425 for exercised warrants that were issued pursuant to the private placement
that closed on
December 1, 2021
. In total, 8,045,700 warrants were exercised by shareholders. The
aggregate proceeds received from the exercise of warrants will be used for working capital purposes.
"We truly appreciate our shareholders and their continued endorsement and support of Q2 through the
exercise of these warrants," said Q2 CEO & President, Alicia Milne. "This reflects shareholder
confidence, improves our already strong balance sheet and increases our financial flexibility."
Q2 is continuing to advance its inaugural drill program at its Mia Lithium Property located in the Eeyou
Istchee James Bay Territory of Quebec. The drill program has two active drill rigs exploring the nearly 10-
kilometre-long Mia Lithium Exploration Trend. The Company has announced the details of its first five
drill holes, all of which intercepted pegmatite with visual indication of spodumene mineralization
identified. The Company will continue to provide updates on its progress in the coming weeks.
About Q2 Metals Corp
Q2 Metals Corp. is a Canadian mineral exploration company currently advancing exploration of its
8,668-ha flagship Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec, Canada
which is host to the Mia Li-1 and Mia Li-2 lithium occurrences. The Company also owns the Stellar
Lithium Property with 77 claims totaling 3,972-ha, located approximately six kilometres north of its Mia
Lithium Property.
Q2 is also exploring the highly prospective Big Hill and Titan gold projects covering approximately 110
km² in the Talgai Goldfields of the broader Warwick-Texas District of Queensland, Australia, hosting 54
high-grade historical gold mines.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Alicia Milne
President & CEO
Jason McBride
Corporate Communications
Telephone:
1 (800) 482-7560
E-mail:
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Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively,
"forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking
statements are typically identified by words such as: "believes", "expects", "anticipates", "intends",
"estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such
words and phrases and similar expressions, which, by their nature, refer to future events or results that
may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news
release that are not purely historical are forward-looking statements and include statements regarding
beliefs, plans, expectations and orientations regarding the future including, without limitation, any
statements or plans regarding the Company's financial position, the geological prospects of the
Company's properties and future exploration endeavors of the Company.
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 or developments may differ materially from those in the forward-looking statements.
Forward-looking statements are based on a number of material factors and assumptions. Forward-
looking statements involve known and unknown risks, uncertainties and other factors that may cause
actual results to differ materially from those anticipated in such forward-looking statements.
The forward-looking statements in this news release speak only as of the date of this news release or
as of the date specified in such statement. Forward looking statements in this news release include,
but are not limited to, the financial position of the Company, the timing and completion of the Phase 1
drill program, the timing and preparation for the Phase 2 drill program, the scale, scope and location
of future exploration and drilling activities, the focus of the Company's current and future drill
programs,
the Company's expectations in connection with the projects and exploration programs
being met, the Company's objectives, goals or future plans, statements, exploration results, potential
mineralization, the estimation of mineral resources, exploration and mine development plans, timing
of the commencement of operations and estimates of market conditions. Factors that could cause
actual results to differ materially from those in forward-looking statements include failure to obtain
necessary approvals, variations in ore grade or recovery rates, changes in project parameters as
plans continue to be refined, unsuccessful exploration results, changes in project parameters as
plans continue to be refined, results of future resource estimates, future metal prices, availability of
capital and financing on acceptable terms, general economic, market or business conditions, risks
associated with regulatory changes, defects in title, availability of personnel, materials and equipment
on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving
government approvals, unanticipated environmental impacts on operations and costs to remedy
same.
Readers are cautioned that mineral exploration and development of mines is an inherently risky
business and accordingly, the actual events may differ materially from those projected in the forward-
looking statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the
Company's Management Discussion and Analysis for its recently completed fiscal period, which is
available under Company's SEDAR profile at
www.sedarplus.ca
. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Although the Company has attempted to identify
important risks, uncertainties and factors which could cause actual results to differ materially, there
may be others that cause results not to be as anticipated, estimated or intended. The Company does
not intend, and does not assume any obligation, to update this forward-looking information except as
otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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