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
News Market Reaction
On the day this news was published, BTKRF declined 18.59%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
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
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?
How much did Q Precious & Battery Metals pay for the Dansof project?
What is the royalty structure for BTKRF's Dansof project acquisition?
How long is the holding period for the shares issued in BTKRF's Dansof acquisition?
Where is Q Precious & Battery Metals' newly acquired Dansof project located?
