Quest Critical Metals Announces Amended Terms for Private Placement
Vancouver, British Columbia – March 5, 2025 – Quest Critical Metals Inc. (CSE: BULL) (OTC Pink: DCNNF) (FSE: DCR0) (“Quest Critical Metals” or the “Company”), is pleased to announce an update regarding the previously announced non-brokered private placement. The Company now intends to raise up to CAD $1,520,000 through the issuance of up to 21,714,286 units (each, a “Unit”) at a price of CAD $0.07 per Unit.
Amended Terms of the Private Placement
The Company initially announced a private placement of up to CAD $1,350,000 through the issuance of up to 19,310,000 Units at a price of CAD $0.07 per Unit. However, due to strong investor demand, the Company has decided to increase the size of the private placement.
Impact on Quest Critical Metals
The additional funds raised from the private placement will enable Quest Critical Metals to advance its projects more aggressively. The Company plans to use the proceeds to fund exploration activities at its flagship project, the St. Andrew Gold Project, located in Saskatchewan, Canada. Additionally, the funds will be used for general working capital purposes.
Impact on the World
Quest Critical Metals’ decision to raise additional funds through a private placement is a positive sign for the mining industry. The strong investor demand for the Company’s securities indicates that there is continued interest in the mining sector, despite the challenges posed by the global economic downturn. Additionally, the Company’s commitment to advancing its projects will contribute to the exploration and development of mineral resources, which are essential for various industries, including technology, construction, and energy.
Conclusion
Quest Critical Metals’ decision to amend the terms of its private placement is a testament to the strong investor demand for the Company’s securities. The additional funds raised will enable the Company to advance its projects more aggressively, contributing to the exploration and development of mineral resources. This is a positive sign for the mining industry and a recognition of the essential role that minerals play in various industries and the global economy.
- Quest Critical Metals announces amended terms for private placement, raising up to CAD $1,520,000
- Strong investor demand leads to increase in private placement size
- Proceeds to be used for exploration activities and working capital
- Positive sign for the mining industry and the exploration and development of mineral resources
