Quest Critical Metals: Drilling for Copper and Cobalt in the Erzgebirge

Quest Critical Metals Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR0) has announced a non-brokered private placement offering of up to $1,500,000, aiming to fund an initial drill program at its Tisvoa Klingenthal copper/cobalt property and for general corporate and working capital purposes. The Company is offering up to 6,818,182 units (each, a "Unit") at a price of $0.22 per Unit, with each Unit comprised of one common share and one common share purchase warrant. The warrants entitle the holder to purchase one additional common share at a price of $0.35 per share for a period of two years from the date of closing.

The Tisvoa Klingenthal property, located in the Erzgebirge mountain range straddling the German/Czech border, has shown significant potential for copper and cobalt mineralization. A recent geophysical survey identified a very large, untested anomaly, and the deposit has been reinterpreted as a Volcanic Massive Sulphide (VMS) style deposit. VMS deposits are known for their high-grade copper and cobalt mineralization, which are in high demand for various industries, including electric vehicle (EV) batteries.



The Company's focus on exploration and development is evident in its allocation of funds from the private placement. By investing in an initial drill program, Quest Critical Metals aims to confirm the presence and extent of the copper and cobalt deposits, which could lead to increased shareholder value and attract further investment. This focus on exploration aligns with the Company's goal of advancing the Tisova project and unlocking its value.

At the same time, the Company is allocating funds to general corporate and working capital purposes. This allocation ensures the Company has the financial resources to maintain its operations, meet ongoing expenses, and maintain its organizational structure. By securing working capital, the Company can continue to explore and develop its projects, maintain its competitive position, and adapt to changing market conditions. This allocation also allows the Company to invest in strategic initiatives, such as partnerships, acquisitions, or new projects, which can contribute to long-term growth and sustainability.

In conclusion, Quest Critical Metals' non-brokered private placement offering of up to $1,500,000 demonstrates the Company's commitment to advancing its Tisova project and unlocking its value. By investing in an initial drill program and securing working capital, the Company is positioning itself for short-term growth and long-term sustainability. As the demand for copper and cobalt continues to grow, driven by the increasing adoption of electric vehicles and energy storage systems, the Tisova project has the potential to become a significant source of these metals. With a well-executed exploration strategy and a balanced approach to funding, Quest Critical Metals is poised to capitalize on the growing demand for copper and cobalt and create value for its shareholders.