Q Precious & Battery Metals Corp. Enters Acquisition Agreement to Significantly Expand Nova Scotia Hydrogen Land Position
Q Precious & Battery Metals Corp. (OTC:BTKRF) has entered into an acquisition agreement to purchase the Dansof project in Nova Scotia, significantly expanding its hydrogen exploration footprint. The acquisition adds 23 licenses totaling 1,356 claims, increasing QMET's total holdings from 559 to 1,915 claims.
Under the agreement terms, QMET will pay $50,000 in cash and issue 10 million common shares to the sellers, along with a 2.0% royalty on revenues from hydrogen or mineral sales. The company retains the option to repurchase 50% of the royalty for $2 million.
Additionally, QMET appointed Pam Sangster as Strategic Advisor, bringing over 30 years of mineral resource sector experience to strengthen the company's strategy.
Q Precious & Battery Metals Corp. (OTC:BTKRF) ha firmato un accordo per acquisire il progetto Dansof in Nuova Scozia, ampliando notevolmente la sua presenza nell'esplorazione dell'idrogeno. L'acquisizione comprende 23 licenze per un totale di 1.356 concessioni, portando il portafoglio di QMET da 559 a 1.915 concessioni.
Secondo i termini dell'accordo, QMET verserà $50.000 in contanti e emetterà 10 milioni di azioni ordinarie ai venditori, oltre a riconoscere una royalty del 2,0% sui ricavi derivanti dalla vendita di idrogeno o minerali. La società mantiene l'opzione di riacquistare il 50% della royalty per $2 milioni.
Inoltre, QMET ha nominato Pam Sangster Consulente Strategico, portando oltre 30 anni di esperienza nel settore delle risorse minerarie per rafforzare la strategia aziendale.
Q Precious & Battery Metals Corp. (OTC:BTKRF) ha suscrito un acuerdo para adquirir el proyecto Dansof en Nueva Escocia, ampliando significativamente su huella en la exploración de hidrógeno. La adquisición añade 23 licencias que suman 1.356 concesiones, aumentando la tenencia de QMET de 559 a 1.915 concesiones.
Según los términos del acuerdo, QMET pagará $50,000 en efectivo y emitirá 10 millones de acciones ordinarias a los vendedores, además de otorgar una regalía del 2,0% sobre los ingresos por la venta de hidrógeno o minerales. La compañía conserva la opción de recomprar el 50% de la regalía por $2 millones.
Adicionalmente, QMET nombró a Pam Sangster como Asesora Estratégica, aportando más de 30 años de experiencia en el sector de recursos minerales para fortalecer la estrategia de la empresa.
Q Precious & Battery Metals Corp. (OTC:BTKRF)는 노바스코샤의 Dansof 프로젝트를 인수하는 계약을 체결하여 수소 탐사 분야에서의 활동 범위를 크게 확장했습니다. 이번 인수로 23개 라이선스, 총 1,356개 클레임이 추가되어 QMET의 보유 클레임 수는 559개에서 1,915개로 증가합니다.
계약 조건에 따르면 QMET는 판매자에게 현금 $50,000을 지급하고 보통주 1,000만 주를 발행하며, 수소 또는 광물 판매 수익에 대해 2.0% 로열티를 부여합니다. 회사는 이 로열티의 50%를 $200만에 재매입할 수 있는 옵션을 보유합니다.
또한 QMET는 전략 고문으로 Pam Sangster를 임명하여 광물 자원 분야에서 30년 이상의 경험을 더해 회사의 전략을 강화했습니다.
Q Precious & Battery Metals Corp. (OTC:BTKRF) a conclu un accord d'acquisition pour le projet Dansof en Nouvelle-Écosse, élargissant sensiblement son champ d'exploration de l'hydrogène. L'acquisition ajoute 23 licences totalisant 1 356 claims, portant les avoirs de QMET de 559 à 1 915 claims.
Conformément aux termes de l'accord, QMET versera 50 000 $ en espèces et émettra 10 millions d'actions ordinaires aux vendeurs, en plus d'accorder une redevance de 2,0 % sur les revenus provenant de la vente d'hydrogène ou de minéraux. La société conserve l'option de racheter 50 % de la redevance pour 2 millions de dollars.
Par ailleurs, QMET a nommé Pam Sangster conseillère stratégique, ajoutant plus de 30 ans d'expérience dans le secteur des ressources minérales pour renforcer la stratégie de l'entreprise.
Q Precious & Battery Metals Corp. (OTC:BTKRF) hat eine Vereinbarung zum Erwerb des Dansof-Projekts in Nova Scotia abgeschlossen und damit seine Aktivitäten in der Wasserstoffexploration erheblich erweitert. Der Erwerb umfasst 23 Lizenzen mit insgesamt 1.356 Claims und erhöht QMETs Gesamtbestand von 559 auf 1.915 Claims.
Nach den Vertragsbedingungen zahlt QMET $50.000 in bar und gibt 10 Millionen Stammaktien an die Verkäufer aus sowie gewährt eine 2,0%ige Lizenzgebühr auf Erlöse aus dem Verkauf von Wasserstoff oder Mineralien. Das Unternehmen behält die Option, 50% der Lizenzgebühr für $2 Millionen zurückzukaufen.
Zusätzlich hat QMET Pam Sangster als Strategische Beraterin ernannt, die mit über 30 Jahren Erfahrung im Bereich mineralischer Ressourcen die Unternehmensstrategie stärkt.
- Strategic expansion triples company's Nova Scotia footprint from 559 to 1,915 claims
- Property is adjacent to recent significant natural hydrogen discoveries by QIMC
- Acquisition positions QMET among Canada's leading holders of hydrogen exploration claims
- Addition of experienced Strategic Advisor with 30+ years in mineral resource sector
- Significant share dilution through issuance of 10 million common shares
- 2.0% revenue royalty obligation on future sales
- Non-refundable $50,000 cash payment required
- Transaction subject to CSE approval
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2025) - Q Precious & Battery Metals Corp. (CSE: QMET) (FSE: 0NB) (OTC Pink: BTKRF) ("QMET" or the "Company") is pleased to announce that the Company has entered into an acquisition agreement (the "Acquisition Agreement") to acquire the Dansof project in Nova Scotia, comprising 23 licenses totaling 1,356 claims. This acquisition would increase QMET's holdings from 559 to 1,915 claims, more than tripling its land position and positioning it among the largest hydrogen exploration claim holders in Nova Scotia.
Richard Penn, CEO of QMET, stated:
"This acquisition represents a strategic scale-up guided by scientific targeting. By tripling our Nova Scotia footprint and securing land directly adjacent to QIMC's discoveries positioning QMET among Canada's leading holders of hydrogen exploration claims. The Dansof licenses were chosen with precision, guided by established exploration models and intended to enable district-scale hydrogen exploration."
The Dansof Project is strategically positioned adjacent to Quebec Innovative Materials Corp. ("QIMC")'s Nova Scotia hydrogen properties, where QMET and QIMC, together with the Institut National de la Recherche Scientifique (INRS), recently confirmed significant natural hydrogen discoveries. The newly acquired ground was carefully selected to replicate the same geological features that underpinned this success, providing the roadmap for further discoveries. QIMC will lead the exploration program, leveraging its proven model and recent achievements to advance the project.
Acquisition Terms
Under the terms of the Acquisition Agreement, QMET will make a non-refundable cash payment of
The transaction is subject to approval by the Canadian Securities Exchange (CSE). The Sellers are arm's-length to the Company. The securities issued will be subject to a four month and one day hold from the date of issuance.
Strategic Advisor Appointment
QMET is also pleased to appoint Pam Sangster as Strategic Advisor. Ms. Sangster brings over 30 years of experience in the mineral resource sector to her new role. A former Regional Resident Geologist and Professional Geoscientist with the Ontario Geological Survey, she has held senior roles, including as Provincial Industrial Mineral Specialist, Regional Land Use Planning Geologist, Manager of the Provincial Mines and Minerals Information Centre, and District Geologist in Timmins. She has extensive expertise in mineral exploration, land use planning, and industrial minerals, with strong ties to industry, government, and Indigenous communities.
"We are pleased to welcome Ms. Sangster as Strategic Advisor at this critical time," added Penn. "Her insight and network will strengthen our strategy as we expand Nova Scotia hydrogen holdings and deliver long-term shareholder value."
About Q Precious & Battery Metals Corp.
Q Precious & Battery Metals Corp. (CSE: QMET) is a Canadian natural resource exploration company with
Investor & Media Contact:
Richard Penn, CEO
778-384-8923
richard@qmetalscorp.com
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. Forward-looking statements in this release relate to, among other things, the anticipated acquisition of the Dansof project, the expected issuance of securities in connection with the acquisition, the approval of the transaction by the Canadian Securities Exchange (CSE), the potential for future exploration success on the Dansof Project, geological similarities to adjacent properties, anticipated benefits of collaboration with Quebec Innovative Materials Corp. (QIMC), and future exploration plans, milestones, and outcomes.
Forward-looking statements are based on assumptions management believes are reasonable at the time such statements are made, including: the ability to obtain regulatory approvals in a timely manner; the successful closing of the acquisition transaction; the accuracy of geological interpretations; the continuity of geologic formations across property boundaries; the ability to execute exploration programs as planned; and market conditions remaining favorable for hydrogen and mineral exploration.
Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied in such statements. These risks include, but are not limited to: failure to obtain necessary regulatory approvals; risks relating to the completion of the acquisition; risks associated with early-stage exploration projects; uncertainties regarding exploration and development results; inability to replicate geological success from nearby properties; changes in commodity prices; availability of financing; changes in regulatory, economic, or geopolitical conditions; and other risks described under applicable securities laws.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265970
FAQ
What is the size of QMET's hydrogen exploration claims in Nova Scotia after the Dansof project acquisition?
What are the terms of BTKRF's Dansof project acquisition?
Who is QMET's new Strategic Advisor and what experience do they bring?
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