QMET Amends Agreement to Acquire Colchester Natural Hydrogen Exploration Assets Adjacent to QIMC’s Nova Scotia Hydrogen District
FOR IMMEDIATE RELEASE
QMET Amends Agreement to Acquire Colchester Natural Hydrogen Explora$on Assets Adjacent to QIMC’s Nova Sco$a Hydrogen District
Vancouver, Bri$sh Columbia – May 6, 2025 – Q Precious & Battery Metals Corp. (the “Company” or “QMET”) (CSE: QMET) (Frankfurt: 0NB) (OTCPK: BTKRF) is pleased to announce that it has entered into an amended and restated acquisi�on agreement (as amended the “Revised Agreement”) amending and resta�ng its acquisi�on agreement (the “Original Agreement”) with the beneficial owners of the with the beneficial owners of the Colchester project. The Colchester project comprises 8 licenses totaling 559 claims, strategically posi�oned adjacent to Quebec Innova�ve Materials Corp. (QIMC)'s Nova Sco�a hydrogen district. The Original Agreement referenced the wrong claims and the Revised Agreement reflects the intended claims to be sold to the Company. Investors should disregard the maps in the Company’s press release dated April 7, 2025 and instead reference the below maps.
Figure 1 QMET Mineral Licenses Map
Figure 2 QMET Claims Geology Map
Under the terms of the Revised Agreement the Company is required to pay a non-refundable $25,000 payment (which has already been paid) and issue 8,000,000 common shares to the Sellers in exchange for the Colchester project. In addi�on, QMET has granted certain Sellers a 2.0% royalty on revenues from the sale of any hydrogen or other minerals on the property (the “Sellers’ Royalty”). 50% of the Sellers’ Royalty may be purchased for $2,000,000.
The transac�on is subject to approval of the CSE. The Sellers are arms-length to the Company. The securi�es issued will be subject to a four month and one day hold from the date of issuance.
About QMET
Q Precious & Ba>ery Metals explora�on programs in Quebec are supervised by Dr. Mathieu Piche, OGQ, with office located in Val-d’Or. He is also a company Director. QMET has 100% interest in mineral claims with Quebec, targe�ng cri�cal and precious metals as well as natural hydrogen. Projects include the McKenzie East Gold Project, LaCorne South Cri�cal Minerals Project and the Matane Natural Hydrogen Project in a strategic collabora�on with Quebec Innova�ve Materials Corp.
Investor & Media Contact:
Richard Penn, CEO
778-384-8923
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable Canadian securi�es legisla�on, including but not limited to statements regarding: the comple�on of the acquisi�on of the Colchester project, issuance of common shares, approval by the Canadian Securi�es Exchange (CSE), explora�on poten�al, geological characteris�cs, poten�al hydrogen discoveries, leveraging known geological condi�ons, replica�ng successful explora�on models, expanding strategic collabora�ons, and an�cipated explora�on plans, milestones, �melines, and benefits arising from the collabora�on agreement with Quebec Innova�ve Materials Corp. (QIMC). Such forward-looking statements are subject to numerous risks, uncertain�es, and assump�ons, including but not limited to: failure to obtain necessary regulatory approvals, including the approval of the CSE; risks associated with the closing of the transac�on and poten�al delays; geological uncertain�es and the specula�ve nature of mineral and hydrogen explora�on; actual explora�on results differing materially from expecta�ons; inability to replicate prior explora�on successes or geological condi�ons of other projects; availability of financing; vola�lity of commodity prices; compe��on and market condi�ons affec�ng hydrogen and mineral explora�on; opera�onal and technological risks; unforeseen environmental and permiOng challenges; legal and contractual uncertain�es; general business, economic, compe��ve, poli�cal, and social uncertain�es; and the risk that an�cipated benefits of the collabora�on with QIMC will not be realized. Although QMET believes these statements and expecta�ons reflected therein are based upon reasonable assump�ons as of the date hereof, there can be no assurance that these assump�ons will prove accurate, and actual results or developments may differ materially from those projected. Readers are cau�oned not to place undue reliance on forward-looking statements. The Company undertakes no obliga�on to update or revise any forward-looking statements contained herein, whether as a result of new informa�on, future events, or otherwise, except as required by law.