QMET Enters Agreement to Acquire Colchester Natural Hydrogen Exploration Assets Adjacent to QIMC’s Nova Scotia Hydrogen District and Expands QIMC Collaboration

Q Precious & Battery Metals Corp. (QMET) has agreed to acquire the Colchester Project, an 89.44 km² natural hydrogen and helium exploration property in Nova Scotia, directly adjacent to QIMC’s active exploration district. The deal includes cash, shares, and a royalty component and is subject to CSE approval.

QMET will apply QIMC’s successful Quebec-based hydrogen exploration model to the new property, leveraging geological similarities such as deep faults and sedimentary structures. Additionally, QMET and QIMC are expanding their strategic partnership to jointly explore and develop Nova Scotia hydrogen assets.

Both companies see this collaboration as a major step toward commercial hydrogen production in Atlantic Canada.

Full press release is below:

QMET Enters Agreement to Acquire Colchester Natural Hydrogen Exploration Assets Adjacent to QIMC’s Nova Scotia Hydrogen District and Expands QIMC Collaboration
Date: April 7, 2025
Source: Q Precious & Battery Metals

Vancouver, British Columbia--(Newsfile Corp. - April 7, 2025) - Q Precious & Battery Metals Corp. (CSE: QMET) (FSE: 0NB) (OTC Pink: BTKRF) (the "Company" or "QMET") is pleased to announce that it has entered into an acquisition agreement (the "Acquisition Agreement") with the beneficial owners of the Colchester project. The Colchester project comprises 7 licenses totaling 559 claims, covering an area of 89.44 square kilometers, strategically positioned adjacent to Quebec Innovative Materials Corp. (QIMC)'s Nova Scotia hydrogen district. (see Figure 1)

The transaction is subject to approval of the CSE. The Sellers are arms-length to the Company. The securities issued will be subject to a four month and one day hold from the date of issuance.

This acquisition significantly enhances QMET's natural hydrogen exploration portfolio and positions the Company to capitalize on significant growth opportunities within the rapidly developing renewable clean natural hydrogen sector.

The Colchester project is strategically positioned to leverage known geological conditions ideal for natural hydrogen and helium production. The region features deep geological structures, significant sedimentary depth exceeding 7 kilometers, and strong geothermal gradients, which together create optimal conditions for natural hydrogen generation, accumulation, and potential storage. (see Figure 2)

The presence of the extensive Cobequid-Chedabucto fault system further supports the project's significant hydrogen potential, as these deep geological faults facilitate hydrogen production through specific mineral interactions.

In addition, QMET and QIMC have expanded their existing natural hydrogen strategic collaboration agreement to specifically include Nova Scotia-based natural hydrogen exploration and development efforts. This enhanced partnership will streamline operations, optimize resource allocation, and accelerate project milestones, providing a distinct strategic advantage for both companies and their shareholders.

Richard Penn, QMET's CEO stated, "This strategic acquisition next to QIMC's established district positions us exceptionally well in Canada's fast-emerging natural hydrogen market. By collaborating with an established leader like QIMC, we are uniquely positioned to rapidly advance exploration, efficiently manage our resources, and deliver significant value to shareholders. This collaboration significantly accelerates our path toward commercializing natural hydrogen resources, offering substantial growth opportunities."

John Karagiannidis, QIMC's CEO added, "We are pleased to expand our natural hydrogen strategic relationship with QMET into Nova Scotia, leveraging our leading expertise and resources to unlock the significant natural hydrogen potential of Nova Scotia. This collaborative effort further positions both companies to achieve successful exploration outcomes and contributes positively to the advancement of Canada's natural hydrogen sector."

Further updates on exploration plans, key milestones, and timelines will be provided in the near term.

About QMET

Q Precious & Battery Metals exploration programs in Quebec are supervised by Dr. Mathieu Piche, OGQ, with office located in Val-d'Or. He is also a company Director. QMET has 100% interest in mineral claims with Quebec, targeting critical and precious metals as well as natural hydrogen. Projects include the McKenzie East Gold Project, LaCorne South Critical Minerals Project and the Matane Natural Hydrogen Project in a strategic collaboration with Quebec Innovative Materials Corp.

Investor & Media Contact: 

Richard Penn, CEO
 📞 778-384-8923
 📧 richard@qmetalscorp.com