Quest Critical Metals Announces Private Placement to Raise $1,500,000
Vancouver, BC – Quest Critical Metals Inc. (CSE: BULL) (OTC Pink: DCNNF) (FSE: DCR0) (the “Company”), a critical metals exploration and development company, is thrilled to announce a non-brokered private placement to generate up to $1,500,000 in financing. This financing round will be facilitated through the issuance of up to 21,428,572 units (each, a “Unit”) at a price of $0.07 per Unit.
Components of Each Unit
Each Unit will consist of:
- One common share in the Company’s authorized share structure
- One Common Share purchase warrant of the Company
Use of Proceeds
The Company intends to use the net proceeds from the private placement for:
- Exploration and development of its critical metals projects
- General working capital and administrative expenses
- Payment of transaction costs and expenses
Impact on Individual Investors
Investors participating in this private placement will be contributing to the growth of Quest Critical Metals. By purchasing Units at $0.07 per Unit, they will gain exposure to the Company’s potential for discovering and developing critical metals. The inclusion of purchase warrants also offers the potential for additional upside if the Company’s stock price rises above a certain threshold.
Impact on the Global Community
The global demand for critical metals is on the rise, driven by the increasing adoption of renewable energy technologies and the expansion of the electric vehicle market. Quest Critical Metals’ exploration and development efforts contribute to the global supply of these essential materials. This private placement represents an opportunity for investors to support the Company’s mission and potentially benefit from the anticipated growth in the critical metals sector.
Conclusion
Quest Critical Metals’ private placement presents an opportunity for individual investors to gain exposure to the critical metals sector by purchasing Units at $0.07 per Unit. The proceeds from this financing round will support the Company’s exploration and development efforts, contributing to the global supply of essential metals. With the growing demand for critical metals, this private placement represents an intriguing investment opportunity for those seeking to diversify their portfolios and capitalize on the anticipated growth in the sector.
