Quantum Battery amends financing

Executive Summary

• Quantum Battery Metals Corp. is amending its previously announced non-brokered private placement to a standard ordinary non-brokered private placement under the listed issuer financing exemption.
• The offering targets a minimum of 1.75 million units at $0.29 per unit, with maximum gross proceeds of $560,000.
• Proceeds are designated for exploration activities, general corporate purposes, and working capital.

Key Details

• Transaction Structure: Ordinary non-brokered private placement pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106.
• Pricing and Volume:
  • Minimum units: 1,750,000 units.
  • Price per unit: $0.29 CAD.
  • Maximum gross proceeds: $560,000 CAD.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $0.40 CAD per common share.
  • Expiration: 12 months following the closing date.
  • Acceleration Provision: If the common shares trade at a daily VWAP of at least $0.80 CAD on the Canadian Securities Exchange for five consecutive trading days, the company may accelerate warrant expiry. In such cases, warrants expire 30 calendar days following the acceleration notice.
• Use of Proceeds: Exploration activities, general corporate purposes, and working capital.
• Closing Date: Expected on or about March 10, 2026, subject to customary conditions including regulatory approvals (specifically conditional approval from the Canadian Securities Exchange).
• Hold Period: All securities are subject to a statutory hold period of four months plus one day from issuance.
• Compensation: The company may pay finders' fees or issue compensation securities in accordance with applicable laws and exchange policies.

Notable Quotes

• None provided in the text.