Quantum Battery Metals Intensifies Evaluation on Lithium Properties for Potential Acquisition
Vancouver, June 10, 2022 - Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVF) (FSE: 23B0) ("Quantum" or the "Company") announces that the Company has begun to engage in talks with third parties to acquire a new lithium project. The Company plans to strengthen its property portfolio through acquisitions and conduct more exploration plans within the upcoming year. With the increased influx of production and need for EV Batteries in the market, it is critical that the Company positions themselves as a leader in the lithium and cobalt space. The potential acquisition target follows Quantum Battery Metals' model of being located within Canada due to political and economic stability.
As the Company continues development opportunities in connection with the evaluation of the Nipissing Lorrain rockpile, the Company is looking to balance its portfolio in the discoveries category with acquisition of this Lithium property. Management is focusing on both lithium and cobalt as both are an integral part of the creation of EV Batteries. Global lithium-ion battery production is set to increase by 218% between 2020 and 2025. With the demand of lithium-ion batteries which is used in consumer products such as electronics, appliances, and cars, the next few years are vital to acquiring conflict-free battery metal properties.
"Quantum has positioned as an industry leader by its acquisitions of cobalt and lithium properties within the past years, and we understand the importance of evaluating our properties to its fullest. The interest of EV Metals has drastically increased due to the technology boom of this decade and we plan to situate ourselves as a prime contender. Throughout our course we've continued to keep a balanced portfolio of discoveries and early-stage development all focused on the idea of conflict-free Canadian battery metals," 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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