Q Precious & Battery Metals Corp. Closes Agreement to Acquire Dansof Natural Hydrogen Exploration Assets

Core Insights - Q Precious & Battery Metals Corp. has successfully closed the acquisition of the Dansof project, which includes 23 licenses totaling 1356 claims, located near Quebec Innovative Materials Corp.'s hydrogen district in Nova Scotia [1][2]. Acquisition Details - The acquisition involved a non-refundable payment of $50,000 and the issuance of 10,000,000 common shares to the sellers [2]. - The sellers will receive a 2.0% royalty on revenues from the sale of hydrogen or other minerals from the property, with the option for QMET to purchase 50% of this royalty for $2,000,000 [2]. Company Overview - Q Precious & Battery Metals focuses on exploration programs in Quebec, targeting critical and precious metals as well as natural hydrogen [3]. - The company's projects include the McKenzie East Gold Project, LaCorne South Critical Minerals Project, and the Matane and Colchester Natural Hydrogen Projects, in collaboration with Quebec Innovative Materials Corp. [3].