Q Precious & Battery Metals Corp. Announces Closing of First Tranche of Private Placement for $886,000

Executive Summary

• Q Precious & Battery Metals Corp. closed the first tranche of its private placement, issuing 5.4 M flow‑through units and 4.44 M flow‑through shares for total gross proceeds of approximately $886,000.
• Units were priced at $0.09 each; each unit includes a common share and half a warrant exercisable at $0.012 per share for two years.
• Proceeds are earmarked to fund 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; whole warrant allows purchase of one common share at $0.012 for two years.
• Shares Issued: 4,444,444 flow‑through shares (FT Shares) at $0.09 per share → gross proceeds $399,999.96.
• Finder Compensation: Up to 10% cash finder’s fees; Finder’s Warrants up to 5% of units/shares sold, exercisable at $0.09 for two years; compensation shares up to 4% of units/shares sold.
• Use of Proceeds: Funding mineral exploration programs.
• Regulatory Conditions: Subject to CSE approval; securities subject to a statutory hold period of four months and one day from issuance.

Notable Quotes

• “The proceeds from the Offerings will be used to fund mineral exploration activities.” – Richard Penn, CEO

All forward‑looking statements are qualified by the usual risk disclosures.