Q Precious & Battery Metals Corp. Closes Agreement to Acquire Dansof Natural Hydrogen Exploration Assets

Rhea-AI Summary

Q Precious & Battery Metals Corp. (OTC:BTKRF) has completed its acquisition of the Dansof project, which includes 23 licenses covering 1,356 claims adjacent to Quebec Innovative Materials Corp.'s Nova Scotia hydrogen district.

The acquisition terms include a $50,000 non-refundable payment and the issuance of 10 million common shares to the sellers. Additionally, the company granted a 2.0% revenue royalty on hydrogen and mineral sales, with an option to purchase 50% of the royalty for $2 million. The issued securities are subject to a four-month and one-day holding period.

Positive

• Strategic acquisition of 1,356 claims adjacent to QIMC's hydrogen district
• Option to reduce royalty burden by 50% for $2 million
• Expansion into natural hydrogen exploration assets

Negative

• Significant share dilution through issuance of 10 million new shares
• 2.0% revenue royalty obligation on all hydrogen and mineral sales
• $50,000 cash payment impacts liquidity

Vancouver, British Columbia--(Newsfile Corp. - September 19, 2025) - Q Precious & Battery Metals Corp. (CSE: QMET) (FSE: 0NB) (OTC Pink: BTKRF) (the "Company" or "QMET") is pleased to announce that it has closed its previously announced acquisition agreement (the "Acquisition Agreement") with the beneficial owners of the Dansof project (the "Sellers") (see press release dated September 11, 2025). The Dansof project comprises 23 licenses totaling 1356 claims, strategically positioned adjacent to Quebec Innovative Materials Corp. (QIMC)'s Nova Scotia hydrogen district.

Under the terms of the Acquisition Agreement, the Company is paid a non-refundable $50,000 payment and issued 10,000,000 common shares to the Sellers in exchange for the Dansof project. In addition, QMET has granted certain Sellers a 2.0% royalty on revenues from the sale of any hydrogen or other minerals on the property (the "Sellers' Royalty"). 50% of the Sellers' Royalty may be purchased for $2,000,000.

The securities issued are be subject to a four month and one day hold from the date of issuance.

About QMET

Q Precious & Battery Metals exploration programs in Quebec are supervised by Dr. Mathieu Piche, OGQ, with office located in Val-d'Or. He is also a company Director. QMET has 100% interest in mineral claims with Quebec, targeting critical and precious metals as well as natural hydrogen. Projects include the McKenzie East Gold Project, LaCorne South Critical Minerals Project and the Matane and Colchester Natural Hydrogen Projects in a strategic collaboration with Quebec Innovative Materials Corp.

Investor & Media Contact:

Richard Penn, CEO

778-384-8923

richard@qmetalscorp.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable Canadian securities legislation, including but not limited to statements regarding: the completion of the acquisition of the Dansof project, issuance of common shares, exploration potential, geological characteristics, potential hydrogen discoveries, leveraging known geological conditions, replicating successful exploration models, expanding strategic collaborations, and anticipated exploration plans, milestones, timelines, and benefits arising from the collaboration agreement with Quebec Innovative Materials Corp. (QIMC). Such forward-looking statements are subject to numerous risks, uncertainties, and assumptions, including but not limited to: failure to obtain necessary regulatory approvals, including the approval of the CSE; risks associated with the closing of the transaction and potential delays; geological uncertainties and the speculative nature of mineral and hydrogen exploration; actual exploration results differing materially from expectations; inability to replicate prior exploration successes or geological conditions of other projects; availability of financing; volatility of commodity prices; competition and market conditions affecting hydrogen and mineral exploration; operational and technological risks; unforeseen environmental and permitting challenges; legal and contractual uncertainties; general business, economic, competitive, political, and social uncertainties; and the risk that anticipated benefits of the collaboration with QIMC will not be realized. Although QMET believes these statements and expectations reflected therein are based upon reasonable assumptions as of the date hereof, there can be no assurance that these assumptions will prove accurate, and actual results or developments may differ materially from those projected. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements contained herein, whether as a result of new information, future events, or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267261

FAQ

What assets did Q Precious & Battery Metals (BTKRF) acquire in September 2025?

BTKRF acquired the Dansof project, comprising 23 licenses totaling 1,356 claims, located adjacent to Quebec Innovative Materials Corp.'s Nova Scotia hydrogen district.

How much did Q Precious & Battery Metals pay for the Dansof project?

The company paid $50,000 in cash and issued 10 million common shares to the sellers, plus granted a 2.0% revenue royalty on hydrogen and mineral sales.

What is the royalty structure for BTKRF's Dansof project acquisition?

The sellers received a 2.0% royalty on revenues from hydrogen and mineral sales, with BTKRF having the option to purchase 50% of the royalty for $2 million.

How long is the holding period for the shares issued in BTKRF's Dansof acquisition?

The securities issued are subject to a four-month and one-day holding period from the date of issuance.

Where is Q Precious & Battery Metals' newly acquired Dansof project located?

The Dansof project is strategically positioned adjacent to Quebec Innovative Materials Corp.'s Nova Scotia hydrogen district.