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Highlights

Q Precious & Battery Metals Corp. (CSE: QMET, FSE: 0NB, OTC Pink: BTKRF) has entered into an acquisition agreement with the beneficial owners of the Colchester project in Nova Scotia. The acquisition will give QMET control over 559 claims spread across seven licenses, covering an area of 89.44 square kilometers. The Colchester project is strategically located adjacent to Quebec Innovative Materials Corp. (QIMC)’s Nova Scotia hydrogen district, a significant area for hydrogen exploration.

Under the terms of the agreement, QMET will make a non-refundable payment of $25,000 and issue 8,000,000 common shares to the sellers in exchange for the Colchester project. Additionally, QMET has agreed to a 2.0% royalty on revenues from the sale of hydrogen or other minerals from the property. This royalty may be partially purchased for $2,000,000. The transaction is subject to approval by the CSE, and the securities issued will be subject to a four-month hold period.

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