Quantum Closes Private Placement
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Vancouver, BC – July 18, 2025 – Quantum Critical Metals Corp. (TSX.V: LEAP | OTCQB: ATOXF | FSE: 86A1) (“Quantum” or the “Company”) announces that, further to its news release dated July 15, 2025, the Company has closed its final tranche of its non-brokered private placement financing (the “Offering”) raising gross proceeds of $580,000.30 pursuant to the sale of 5,800,003 units (“Units”) at a price of $0.10 per Unit. Each Unit consists of one common share of the Company (each, a “Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire one Share at a price of $0.20 per Share until July 17, 2027.
The Company intends to use the net proceeds from the Offering to fund continued exploration activities on the Company’s properties in British Columbia and Quebec and for general corporate purposes.
All securities issued pursuant to this tranche of the Offering are subject to a statutory four month and one day hold period from their date of issue expiring on November 18, 2025. The Company did not pay finder’s fees in this tranche of financing.
Offering Summary
Total gross proceeds in connection with the Offering totaled $2,009,100.30 pursuant to the sale of 20,091,003 units. The Company paid finder’s fees consisting of $54,217 in cash fees and issued 541,170 brokers warrants. Gross proceeds for Pro Group members amounted to $92,500 pursuant to the issuance of 925,000 Units.
Certain insiders participated in the Offering. As a result, the Offering is considered a “related party transaction” pursuant to Multilateral Instrument 61-101. The Offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 by the application of Sections 5.5(b) and 5.7(1)(a) of MI 61-101 because the shares trade on the TSXV and the fair market value of insiders’ participation is below 25% of the Company’s market capitalization. Gross proceeds from insiders participating in the financing amounted to $165,000.30 pursuant to the issuance of 1,650,003 Units.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom.
About Quantum Critical Metals Corp.
Quantum Critical Metals Corp. (TSX.V: LEAP) (OTCQB: ATOXF) (FSE: 86A1) is a Canadian mineral exploration company focused on advancing critical metals projects that power next-generation technologies. With a growing portfolio of promising assets—including the NMX East Gallium-Rubidium-Cesium Project in Québec, the Discovery Gallium-Rubidium-Cesium and polymetallic project in Québec, the Victory Antimony Project in British Columbia, and the Prophecy Germanium-Gallium-Zinc Project in British Columbia, among others, the Company is strategically positioned to support the West’s transition to a secure and sustainable critical metals supply.
To stay updated on Quantum’s latest developments, sign up for our mailing list and visit www.quantumcriticalmetals.com and www.sedarplus.com.
Marcy Kiesman, CEO
Telephone: 604.428.2900 or 604.339.2243
Email: info@quantumcriticalmetals.com
Website: www.quantumcriticalmetals.com
Forward-Looking Statements
This news release contains “forward-looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements that address the upcoming work programs, and other statements relating to the business, financial and technical prospects of the Company. All statements in this news release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. 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.
Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedarplus.com. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.