Q Precious & Battery Metals Corp. Terminates Sale of Lorrain Project to 1444900 BC Ltd
Q Precious & Battery Metals Corp. Terminates Sale of Lorrain Project to 1444900 BC Ltd
October 21, 2024 – Vancouver, British Columbia. Q Precious & Battery Metals Corp. (the “Company”) (CSE: QMET) (Frankfurt: 0NB) (OTCPK: BTKRF) is pleased to announce that it has entered into a Mutual Termination and Settlement Agreement with 1444900 BC Ltd., effectively ending the Purchase and Sale Agreement dated January 4, 2024, concerning the Lorrain mineral claims (see press release dated January 18, 2024).
Under the terms of the agreement, both companies have released each other from any claims, liabilities, or obligations related to the original agreement. The Company no longer is required to transfer all rights, titles, and interests in the Lorrain mineral claims to 1444900 BC. In return, the Company will no longer receive 1,000,000 common shares of 1444900 BC.
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.