QUANTUM BATTERY METALS Issues Clarifying Disclosure
Quantum Battery Metals (OTC:BRVVF) has issued clarifying disclosures following a review by the British Columbia Securities Commission (BCSC). The company provided updates on several key matters, including the pending acquisition of the Calico Jack Property through a 6-million share issuance, resulting in a 48% dilution to existing shareholders.
The company acknowledged failing to file required material change reports and business acquisition reports for several completed acquisitions, including Hook's Harbour, Lac Mistumis, Rose West, Nipissing Loraine, and Rabbit Lake properties. Additionally, Quantum disclosed that its planned exploration programs were delayed due to the unexpected closure of its prior geologist consultant.
The company also clarified details about previous finder's fees payments and provided comprehensive information about property licenses, expiry dates, and annual work requirements for its mining properties.
Quantum Battery Metals (OTC:BRVVF) ha rilasciato chiarimenti a seguito di una revisione da parte della British Columbia Securities Commission (BCSC). La società ha fornito aggiornamenti su diverse questioni chiave, incluso il prossimo acquisto della proprietà Calico Jack tramite l'emissione di 6 milioni di azioni, che comporterà una diluizione del 48% per gli azionisti attuali.
La società ha ammesso di non aver presentato i necessari rapporti su modifiche materiali e rapporti di acquisizione aziendale per varie acquisizioni completate, tra cui le proprietà Hook's Harbour, Lac Mistumis, Rose West, Nipissing Loraine e Rabbit Lake. Inoltre, Quantum ha comunicato che i programmi di esplorazione pianificati sono stati ritardati a causa della chiusura inaspettata del precedente consulente geologo.
La società ha inoltre fornito chiarimenti riguardo ai precedenti pagamenti di commissioni a intermediari e ha fornito informazioni dettagliate sulle licenze delle proprietà, le date di scadenza e i requisiti annuali di lavoro per le sue proprietà minerarie.
Quantum Battery Metals (OTC:BRVVF) ha emitido aclaraciones tras una revisión por parte de la Comisión de Valores de Columbia Británica (BCSC). La compañía actualizó varios asuntos clave, incluyendo la adquisición pendiente de la propiedad Calico Jack mediante la emisión de 6 millones de acciones, lo que resultará en una dilución del 48% para los accionistas actuales.
La empresa reconoció no haber presentado los informes requeridos de cambios materiales y de adquisición de negocios para varias adquisiciones completadas, incluyendo las propiedades Hook's Harbour, Lac Mistumis, Rose West, Nipissing Loraine y Rabbit Lake. Además, Quantum reveló que sus programas de exploración planificados se retrasaron debido al cierre inesperado de su anterior consultor geólogo.
La compañía también aclaró detalles sobre pagos previos de comisiones a intermediarios y proporcionó información completa sobre licencias de propiedades, fechas de vencimiento y requisitos anuales de trabajo para sus propiedades mineras.
Quantum Battery Metals (OTC:BRVVF)는 브리티시컬럼비아 증권위원회(BCSC)의 검토 후 명확한 공시를 발표했습니다. 회사는 Calico Jack 자산 인수를 600만 주 발행을 통해 진행 중이며, 이로 인해 기존 주주들에게 48%의 희석 효과가 발생한다고 업데이트했습니다.
회사는 Hook's Harbour, Lac Mistumis, Rose West, Nipissing Loraine, Rabbit Lake 자산 등 여러 완료된 인수에 대해 필요한 중요 변경 보고서 및 사업 인수 보고서를 제출하지 않은 점을 인정했습니다. 또한 Quantum은 이전 지질학자 컨설턴트의 예상치 못한 퇴사로 인해 계획된 탐사 프로그램이 지연되었다고 밝혔습니다.
회사는 이전 중개 수수료 지급 내역에 대해서도 명확히 했으며, 광산 자산의 허가, 만료일 및 연간 작업 요구 사항에 관한 포괄적인 정보를 제공했습니다.
Quantum Battery Metals (OTC:BRVVF) a publié des clarifications suite à un examen par la British Columbia Securities Commission (BCSC). La société a fourni des mises à jour sur plusieurs points clés, notamment l’acquisition en cours de la propriété Calico Jack via l’émission de 6 millions d’actions, entraînant une dilution de 48% pour les actionnaires existants.
La société a reconnu ne pas avoir déposé les rapports requis sur les changements importants et les acquisitions d’entreprises pour plusieurs acquisitions réalisées, y compris les propriétés Hook's Harbour, Lac Mistumis, Rose West, Nipissing Loraine et Rabbit Lake. De plus, Quantum a indiqué que ses programmes d’exploration prévus ont été retardés en raison de la fermeture inattendue de son précédent consultant géologue.
La société a également clarifié les détails relatifs aux paiements antérieurs de commissions d’apporteurs d’affaires et fourni des informations complètes sur les licences des propriétés, leurs dates d’expiration et les exigences annuelles de travail pour ses propriétés minières.
Quantum Battery Metals (OTC:BRVVF) hat nach einer Überprüfung durch die British Columbia Securities Commission (BCSC) klärende Angaben veröffentlicht. Das Unternehmen gab Updates zu mehreren wichtigen Punkten bekannt, darunter die bevorstehende Übernahme des Calico Jack Grundstücks durch die Ausgabe von 6 Millionen Aktien, was zu einer 48%igen Verwässerung für die bestehenden Aktionäre führt.
Das Unternehmen räumte ein, dass erforderliche Berichte über wesentliche Änderungen und Geschäftsübernahmen für mehrere abgeschlossene Akquisitionen, darunter die Grundstücke Hook's Harbour, Lac Mistumis, Rose West, Nipissing Loraine und Rabbit Lake, nicht eingereicht wurden. Zudem gab Quantum bekannt, dass geplante Explorationsprogramme aufgrund der unerwarteten Kündigung des vorherigen Geologenberaters verzögert wurden.
Das Unternehmen stellte außerdem Details zu früheren Vermittlungsgebühren klar und lieferte umfassende Informationen zu Lizenzen, Ablaufdaten und jährlichen Arbeitsanforderungen für seine Bergbaugrundstücke.
- Company maintains good standing on all its mining properties
- Comprehensive disclosure of property licenses and work requirements
- Audit committee established with majority independent directors
- 48% shareholder dilution from pending Calico Jack Property acquisition
- Failed to file required material change reports and business acquisition reports for multiple acquisitions
- Exploration programs delayed due to loss of geological consultant
- Rabbit Lake property showing disappointing results with no further work recommended
- Multiple regulatory compliance issues identified by BCSC
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVF) (FSE: 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 resulted in a
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 t o 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 Loraine, 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
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 | |
| Alba and Kelso | 2016-06-22 | 2026-06-21 | |
| Hook's Harbour | 2021-10-17 | 2026-10-17 | |
| Kahuna | 2018-04-10 | 2026-04-10 | |
| Lac Mistumis | 2021-07-22 | 2026-07-21 | |
| Nipissing Lorrain | 2018-04-10 | 2026-06-28 | |
| Rabbit | 2018-04-10 | 2026-04-09 |
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
hello@schmider-report.com
+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: Info@quantumbatterymetals.com
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", "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 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257856
FAQ
What is the dilution impact of BRVVF's Calico Jack Property acquisition?
What regulatory issues did the BCSC identify for Quantum Battery Metals?
What is the status of BRVVF's Rabbit Lake property?
How much are the finder's fees paid by Quantum Battery Metals for its recent acquisitions?
Why were Quantum Battery Metals' exploration programs delayed?
