Quantum Battery Metals Corp. Announces Closing of $507,500 Non-Brokered Private Placement

Executive Summary

• Quantum Battery Metals Corp. closed a non‑brokered private placement of 1,750,000 units at $0.29 per unit, generating gross proceeds of $507,500.
• Each unit consists of one common share and one warrant (exercise price $0.40); warrants include an acceleration clause tied to the CSE VWAP reaching $0.80 for five consecutive days.
• Net proceeds are earmarked for exploration activities, general corporate purposes, and working capital.

Key Details

• Units sold: 1,750,000
• Price per unit: $0.29
• Gross proceeds: $507,500
• Unit composition: 1 common share + 1 warrant per unit
• Warrant terms: Exercise price $0.40; exercisable until 12 months after closing (expiry at 5:00 p.m. PT on that date).
• Warrant acceleration provision: If CSE VWAP ≥ $0.80 for five consecutive trading days, Quantum may issue an Acceleration Notice; warrants would then expire 30 calendar days after the notice.
• Statutory hold period: All securities subject to a four‑month plus one day hold period under Canadian law.
• Use of proceeds: Exploration activities, general corporate purposes, and working capital.
• Finder’s fees/compensation: Company may pay finder’s fees or issue compensation securities in connection with the offering, consistent with CSE policies.
• Closing condition: Final approval by the Canadian Securities Exchange required.
• Regulatory disclaimer: Units not registered under U.S. securities laws; cannot be offered/sold in the United States absent exemption or registration.

Notable Quotes

(No executive quotes were provided in the release.)