Quantum Battery Metals Starts Preliminary Work on Acquiring Properties in Canada in Preparation for Canada's EV Budget Plan
Vancouver, April 12, 2022 - Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVF) (FSE: 23B0) ("Quantum" or the "Company") has started the preliminary steps of acquiring additional lithium properties in Canada. The Company is boosted by the recent announcement of the Canadian government to spend an additional $3.8 billion CAD to help propel the country's efforts to become a key part of the global electric vehicle supply chain. Canada's decision to boost domestic production of lithium and copper will help the Company increase its prospects and find additional positive results.
The Company plans to expand its profile and increase its presence in known lithium rich regions by acquiring further projects. As several economies push for cutting carbon emissions, a demand for battery materials has increased exponentially leading to a shortage in lithium and cobalt. The recent geopolitical turbulence in Europe has seen a surge in demand in electrical vehicles and the components needed to make their batteries. In addition, supply chain issues have caused prices to surge as consumer demand outstrips production.
The Company plans to stake additional property before the year end of 2022.The Company plans to develop an extensive 2023 lithium exploration program and rely on the results to determine centralized areas to focus on. Quantum is looking into several lithium prospects to further enhance its battery metal portfolio.
"The government's plan to spend the additional funds to push the country towards a green revolution is great to see. Canada has long been a producer of gold, but with increasing demand for lithium and cobalt for electric vehicles the country needs to push towards high demand rare earth metals, which Quantum is looking at intending to mining. We have already a specific list of locations which we feel will be ideal new projects for the Company that would provide us with positive results and would help cement us as a leader in the battery metal space. We will push to become a leader in conflict free lithium and preferred supplier for numerous EV companies," states David Greenway, director.
"Andrew Sostad"
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Andrew Sostad, CEO and Director
Contact Information:
400 - 837 West Hastings Street
Vancouver, British Columbia
V6C 3N6
Phone: 604.629.2936
Email: Info@quantumbatterymetals.com
Forward-Looking Information This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Quantum Battery Metals Corp. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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