Quantum Battery Metals Finalizes Exploration Plans for Ontario Cobalt Properties
Vancouver, August 27, 2021 - Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVF) (FSE: 23B0) ("Quantum" or the "Company") While the Company is awaiting the results on their Lithium exploration program, the Company has decided to turn their focus to the last stages of finalizing the plans of their Cobalt exploration program in Ontario. The Company will be deploying their ground team in September to the Nipissing and Rabbit Lake Properties in Ontario. The Company is allocating a budget to the Rabbit Lake and Nipissing Lorraine Property for the exploration program.
The first phase of the program will include mineral/rock prospecting and sampling for both properties. The first phase will be building out already existing results from the Company's exploration program in 2017. Additionally, a more-extensive geologic mapping program will be implemented throughout the project areas to further assist any future plans to drill. As the properties are highly road accessible, the ground crew will be able to reach the properties without any difficulty.
The Properties are located near the prolific district of Cobalt, Ontario known for its high grades, ethical supply, and historic mining.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94687.