Quantum Battery Metals Plans to Send Geological Team to Assess Nipissing Cobalt Stockpile in Connection with 2022 Exploration Program
Vancouver, June 7, 2022 - Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVF) (FSE: 23B0) ("Quantum" or the "Company") announces that in connection with the 2022 exploration program planned, the Company has requested its ground team to further assess the cobalt stockpile. Having the ground crew implement this additional step in the 2022 Nipissing exploration program ensures a cost-effective and high value use of already planned resources by reducing cost in preparation.
By estimating the rock stockpile in person, the Company could more accurately indicate the cost of processing the pile ensuring the feasibility and measurements equate to a highly profitable opportunity for the company. Under context of evaluating the cobalt stockpile, the Company will also be seeking potential tilling agreements and royalty streams.
While the Company proceeds further into the Nipissing Lorrain project, the Company is also looking into expanding into local areas as the region is known historically for Cobalt, a key ingredient in today's current EV batteries.
"This year's run of the exploration program will continue from our already existing results of the sampling program from 2017. We are eager to expand on our current properties and utilize the potential of our assets. Through ensuring that value of each individual exploration program set for this year is cost-effective and well supplied, we can safeguard the shareholder value of the Company. The rock pile is one item that we have investigated the past but believe has higher value then what has initially been utilized," 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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