Q Precious & Battery Metals ( (TSE:QMET) ) just unveiled an update.
Q Precious & Battery Metals Corp. has amended its acquisition agreement for the Colchester Natural Hydrogen Exploration Assets, which are strategically located next to Quebec Innovative Materials Corp.’s Nova Scotia hydrogen district. The revised agreement corrects previous errors in the claims and requires QMET to issue 8,000,000 common shares and a non-refundable payment of $25,000 to the sellers, along with granting a 2.0% royalty on revenues from the property. This acquisition, pending approval from the Canadian Securities Exchange, positions QMET to enhance its strategic collaboration with Quebec Innovative Materials Corp. and potentially expand its footprint in the hydrogen exploration sector.
More about Q Precious & Battery Metals
Q Precious & Battery Metals Corp. (QMET) is involved in exploration programs in Quebec, focusing on critical and precious metals as well as natural hydrogen. The company holds a 100% interest in mineral claims in Quebec and is engaged in projects such as the McKenzie East Gold Project, LaCorne South Critical Minerals Project, and the Matane Natural Hydrogen Project, in collaboration with Quebec Innovative Materials Corp.
Average Trading Volume: 283,015
Technical Sentiment Signal: Sell
Current Market Cap: C$2.77M
For an in-depth examination of QMET stock, go to TipRanks’ Stock Analysis page.