Q Battery Metals Corp. Sells Lorrain Project to 1444900 BC Ltd
January 18, 2024 – Vancouver, British Columbia. Q Battery Metals Corp. (the “Company”) (CSE: QMET) (Frankfurt: 0NB) (OTCPK: BTKRF) is pleased to announce the sale of its Lorraine mineral claims and related assets to 1444900 BC Ltd. ("1444900 BC"), a British Columbia-based company.
Under the terms of the Agreement, Q Battery has agreed to transfer all rights, titles, and interests in the Lorraine mineral claims to 1444900 BC. In return, Q Battery will receive 1,000,000 common shares of 1444900 BC, adhering to a structured release schedule over a 12-month period.
Q Battery Metals Corp. views this transaction as a strategic move to optimize its asset portfolio and focus on its core business areas.
On behalf of the Board of Directors Richard Penn CEO (778) 384-8923
Cautionary Statement
Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law including statements relating exploration program expenditures. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE, inability to effectively plan a program, third party land claims or failure to obtain permits. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedar.com.