Vancouver, January 21, 2022 - Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVF) (FSE: 23B0) ("Quantum" or the "Company") The Company announces that it has commenced the preliminary review on a lithium project acquisition near the James Bay Area. The claims neighbour properties with several new lithium discoveries and existing outcrops indicating continuous lithium-bearing pegmatites during their drill programs for lithium. The property is located near existing infrastructure and is easily accessible by road.
With the surge of battery metals demand, companies within that area of James Bay have increased exploration and drilling for Lithium. The property lies in an area of active exploration which shows very favorable for further lithium discoveries to be made. Historical maps show extensive outcroppings on the property which should be properly investigated and assessed for pegmatite occurrences, as historically these were not assayed for lithium.
The Company intends to do the due diligence on the property and negotiations with the claims owner as the group of claims would be an valuable asset to Quantum's portfolio.
"Management is eager to have Quantum in full force for 2022 with our exploration programs being set and the Company potentially acquire more properties for our portfolio. By acquiring these new properties, we would broaden our choices for coming exploration programs and further increase our presence in well-known battery metal regions throughout Canada. Although we are very bullish on the idea of the acquisition we are not committed to the idea and still looking at many other possibilities," says Andrew Sostad, CEO.
Quantum Battery Metals Corp.
Andrew Sostad, CEO and Director
400 - 837 West Hastings Street
Vancouver, British Columbia
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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