Q2 Metals Announces Upsized Private Placement of Flow-Through Shares

Core Viewpoint - Q2 Metals Corp. has amended its agreement with Canaccord Genuity Corp. to increase the size of its private placement to raise gross proceeds of $21,000,000 through the issuance of flow-through shares at a price of $1.00 per share [1] Group 1: Offering Details - The Offering will consist of 21,000,000 common shares, including 20,000,000 LIFE FT Shares and 1,000,000 Non-LIFE FT Shares [1] - The Agent has an option to sell an additional 5,000,000 LIFE FT Shares, potentially raising up to $5,000,000 more [1] - The Offering is expected to close on or about August 14, 2025, subject to regulatory approvals [4] Group 2: Use of Proceeds - The gross proceeds from the sale of FT Shares will be used to incur eligible Canadian exploration expenses related to the Company's projects in Québec, with a deadline for incurring these expenses by December 31, 2026 [3] - The Company will renounce all qualifying expenditures in favor of the subscribers effective December 31, 2025 [3] Group 3: Company Overview - Q2 Metals is focused on the Cisco Lithium Project in Québec, which consists of 801 claims covering 41,253 hectares [9] - 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 [10] - Ongoing drill testing at the Cisco Mineralized Zone shows potential for significant expansion, with results expected in Q3 2025 [11]