Quantum Battery Metals Corp. announced a non-brokered private placement of up to 1,470,588 units at a price of CAD 0.34 per unit for the aggregate gross proceeds of CAD 500,000 with a 50% over allotment option on May 3, 2023. Each unit consists of one common share and one common share purchase warrant.

Each warrant will be exercisable into a common share of the company for a period of 24 months at an exercise price of CAD 0.42.