Q2 Metals Announces $20 Million LIFE Private Placement of Flow-Through Shares

Group 1 - Q2 Metals Corp. has entered into an agreement for a best efforts private placement of 20,000,000 common shares at a price of $1.00 per share, aiming for gross proceeds of up to $20,000,000 [1][2] - The company will grant the agent an option to sell an additional 5,000,000 shares, potentially raising an extra $5,000,000 [1] - The offering is expected to close around August 14, 2025, subject to regulatory approvals [3] Group 2 - Proceeds from the sale of the shares will be used to incur eligible Canadian exploration expenses related to the company's projects in Québec, with a deadline for renouncement set for December 31, 2025 [2] - The FT Shares will be offered to purchasers in Canada and other qualifying jurisdictions, exempt from a hold period under applicable Canadian securities laws [4] Group 3 - Q2 Metals is focused on the Cisco Lithium Project in Québec, which consists of 801 claims covering 41,253 hectares [7] - The Cisco Project has an initial exploration target estimating potential lithium mineralization of 215 to 329 million tonnes at grades ranging from 1.0% to 1.38% Li2O [8] - Ongoing drill testing at the Cisco Project shows potential for significant expansion, with results expected in Q3 2025 as the company works towards a maiden resource estimate [9]