Q Precious closes $486,000 first tranche of placement

Executive Summary

• Q Precious & Battery Metals Corp. closed the first tranche of its private placement, raising approximately $886,000 in gross proceeds.
• Issued 5.4 million flow‑through units at $0.09 each and 4,444,444 flow‑through shares at $0.09 each, with accompanying warrants and finders’ compensation arrangements.
• Proceeds will be used to finance mineral exploration activities.

Key Details

• Units Issued: 5,400,000 flow‑through units (FT units) at $0.09 per unit → Gross proceeds: $486,000.
• Unit Composition: Each FT unit = one flow‑through common share + ½ share purchase warrant.
• Warrant Terms (Units): Whole FT unit warrant allows purchase of one common share at $0.012 per share; term = 2 years from closing.
• Shares Issued: 4,444,444 flow‑through shares (FT shares) at $0.09 per share → Gross proceeds: $399,999.96.
• Finders’ Fees: Up to 10% of cash consideration payable to eligible finders.
• Finders’ Warrants: Up to 5% of the number of FT units or FT shares sold; exercise price $0.09 per share; term = 2 years.
• Compensation Shares: Up to 4% of the number of FT units or FT shares sold issued as equity compensation.
• Use of Proceeds: To finance mineral exploration activities for Q Precious & Battery Metals Corp.
• Regulatory Conditions: Offering subject to approval by the Canadian Securities Exchange; securities subject to a statutory hold period of four months and one day from issuance.

Notable Quotes

(No CEO/President quotes provided in the release.)