- Quantum Battery Metals Corp. (QBAT) has signed a letter of intent to acquire 100 per cent of the approximately 2,750-hectare Lac Mistumis Lithium Property
- This will be the 4th lithium property that the Company has acquired in the past 2 years
- The Lac Mistumis property consists of 52 claim units and covers 2750.55 hectares
- The property is close to Lithium-bearing pegmatites of relatively homogenous granitic instrusives
- Quantum Battery Metals is an energy metals exploration company that has assets in Canada specifically focused on lithium and cobalt
- Quantum Battery Metals Corp is unchanged trading at $0.38 at 4 pm ET
Quantum Battery Metals (QBAT) has signed a letter of intent to acquire 100 per cent of the 2,750 hectare Lac Mistumis Lithium Property.
The property, located in the territory of Eeyou Istchee, James Bay, Northern Quebec, is located in the heart of Canada’s Lithium district and is close to several sizeable well-known Lithium producers.
Quebec is known for its strong electric aspirations and fundamentally accelerating the battery metal industry.
This will be the 4th lithium property that the Company has acquired in the past 2 years.
“This transaction strengthens our land position in an important mining camp and area, which achieves two main objectives of the company,” said Andrew Sostad, President, Chief Executive Officer & Director at Quantum Battery Metals Corp.
“Firstly, we have established a meaningful land position that specifically heavily focuses on lithium deposits, and secondly, we enhance our ability and capacity for our Lithium portfolio,” he added.
The Lac Mistumis property consists of 52 claim units and covers 2750.55 hectares.
The property is conveniently located between two major Hydro Quebec transmission lines and is close to Lithium-bearing pegmatites of relatively homogenous granitic intrusives.
Quantum Battery Metals is an energy metals exploration company that has assets in Canada specifically focused on lithium and cobalt. It is dedicated to discovering these valuable metals for the future electrification of the world.
Quantum Battery Metals Corp is unchanged, trading at $0.38 at 4 pm ET.