Vancouver, British Columbia--(Newsfile Corp. - December 7, 2022) - Quantum Battery Metals Corp. (CSE: QBAT) (OTC Pink: BRVVF) (FSE: 23B0) ("Quantum" or the "Company"), continues to advance strategic partnerships and financing options with major car manufacturer for upcoming projects. The Company focuses on efforts towards electric vehicle manufacturers and exempt market dealers as demand increases for Lithium and Cobalt with elevated electric vehicle usage. Company management considers various financing options including, but not limited to, equity financings, convertible debentures, and stream financing to fund future development and production needs.
After receiving initial interest from a worldwide car manufacturer with a series of electric and hybrid vehicles, the Company continues to connect with vehicle and motor companies to increase awareness of its development in its battery metals development/production. With over 90 models of Electric Vehicles currently available in Canada with 20+ manufacturers, the Company is positioning itself to be a leading consumer for Cobalt and Lithium raw materials as usage and demand continues to increase. Another key consumption factor is the need for replacement batteries in currently owned electric vehicles.
The Cobalt Institute expects cobalt demand to keep growing to about 320,000 tonnes annually over the next five years, almost double the total consumed in 2021, with EVs driving 70% of this growth. "With an expected increase in demand for the Cobalt and Lithium minerals, the Company continues to evaluate various financing options in order to expand its exploration plans," states Marc Momeni, Chief Executive Officer of Quantum Battery Metals Corp. "Quantum is actively engaging in financing options to help expand existing production capacity of its current projects and bring development stage projects into production."
U.S. Geological Survey reports: Cobalt is a metal used in numerous commercial, industrial, and military applications. On a global basis, the leading use of cobalt is in rechargeable lithium-ion, nickel-cadmium and nickel-metal hydride battery electrodes. Cobalt use has grown rapidly since the early 1990s, with the development of new battery technologies and an increase in demand for portable electronics such as cell phones, laptop computers and cordless power tools.
QUANTUM BATTERY METALS CORP.
Marc Momeni, 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.
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