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Quantum Critical Metals Announces Private Placement to Raise Up to $3 Million
Vancouver, BC — June 19, 2025 — NewsWall — Quantum Critical Metals Corp. (TSX.V: LEAP | OTCQB: ATOXF | FSE: 86A1) has announced a non-brokered private placement financing to raise gross proceeds of between $2,000,000 to $3,000,000. The offering involves the sale of between 20,000,000 to 30,000,000 units at a price of $0.10 per Unit, with each unit comprising one common share and one warrant. Each warrant allows the holder to acquire one share at $0.20 per share for 24 months.
The company plans to use the net proceeds to fund exploration activities on its properties in British Columbia and Quebec, as well as for general corporate purposes. The offering is expected to close around June 30, 2025, subject to TSX Venture Exchange approval and other customary conditions. Securities issued will be subject to a four-month hold period.
Certain insiders are expected to participate in the offering, making it a “related party transaction” under Multilateral Instrument 61-101. However, it is exempt from formal valuation and minority shareholder approval requirements due to the shares trading on the TSXV and the anticipated fair market value of insiders’ participation being below 25% of the company’s market capitalization.
Marcy Kiesman, CEO
Telephone: 604.428.2900 or 604.339.2243
Email: marcykiesman@qcritical.com
Source: Quantum Critical Metals Corp.