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Q PRECIOUS SIGNS DEAL TO ACQUIRE DANSOF PROJECT

  • Writer: Mr. Richard Penn
    Mr. Richard Penn
  • Sep 10
  • 3 min read

Mr. Richard Penn reports


Q PRECIOUS & BATTERY METALS CORP. ENTERS ACQUISITION AGREEMENT TO SIGNIFICANTLY EXPAND NOVA SCOTIA HYDROGEN LAND POSITION


Q Precious & Battery Metals Corp. has entered into an acquisition agreement to acquire the Dansof project in Nova Scotia, comprising 23 licences totalling 1,356 claims. This acquisition would increase Q Precious & Battery Metals' holdings from 559 to 1,915 claims, more than tripling its land position and positioning it among the largest hydrogen exploration claim holders in Nova Scotia.


Richard Penn, chief executive officer of Q Precious & Battery Metals, stated: "This acquisition represents a strategic scale-up guided by scientific targeting by tripling our Nova Scotia footprint and securing land directly adjacent to QIMC's discoveries, positioning QMET among Canada's leading holders of hydrogen exploration claims. The Dansof licences were chosen with precision, guided by established exploration models and intended to enable district-scale hydrogen exploration."


The Dansof project is strategically positioned adjacent to Quebec Innovative Materials Corp.'s Nova Scotia hydrogen properties, where Q Precious & Battery Metals and Quebec Innovative Materials, together with the Institut National de la Recherche Scientifique (INRS), recently confirmed significant natural hydrogen discoveries. The newly acquired ground was carefully selected to replicate the same geological features that underpinned this success, providing the road map for further discoveries. Quebec Innovative Materials will lead the exploration program, leveraging its proven model and recent achievements to advance the project.



Acquisition Terms


Under the terms of the acquisition agreement, Q Precious & Battery Metals will make a non-refundable cash payment of $50,000 and issue 10 million common shares to the sellers in exchange for the Dansof project. In addition, Q Precious & Battery Metals has granted certain sellers a 2.0-per-cent royalty on revenues from the sale of any hydrogen or other minerals on the property. Q Precious & Battery Metals may repurchase 50 per cent of the sellers' royalty for $2-million.


The transaction is subject to approval by the Canadian Securities Exchange. The sellers are arm's length to the company. The securities issued will be subject to a four-month-and-one-day hold from the date of issuance.



Strategic Adviser Appointment


Q Precious & Battery Metals is also pleased to appoint Pam Sangster as strategic adviser. Ms. Sangster brings over 30 years of experience in the mineral resource sector to her new role. A former regional resident geologist and professional geoscientist with the Ontario Geological Survey, she has held senior roles, including as provincial industrial mineral specialist, regional land use planning geologist, manager of the Provincial Mines and Minerals Information Centre, and district geologist in Timmins. She has extensive expertise in mineral exploration, land use planning and industrial minerals, with strong ties to industry, government and indigenous communities.


"We are pleased to welcome Ms. Sangster as strategic adviser at this critical time," added Mr. Penn. "Her insight and network will strengthen our strategy as we expand Nova Scotia hydrogen holdings and deliver long-term shareholder value."



About Q Precious & Battery Metals Corp.


Q Precious & Battery Metals is a Canadian natural resource exploration company with 100-per-cent-owned mineral projects in Quebec and Nova Scotia focused on the exploration of critical and precious metals as well as natural white hydrogen. Flagship projects include the LaCorne South critical minerals project and the recently acquired Matane in Quebec and the Colchester natural hydrogen projects in Nova Scotia in a collaboration with Quebec Innovative Materials.


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