Business
Quantum Closes First Tranche of Private Placement
(TheNewswire) Vancouver, BC – TheNewswire – June 27, 2025 ȁ...
About this update from Quantum Critical Metals Corp
[{"type":"text","content":"Quantum Closes First Tranche of Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC –\n \n\n TheNewswire –\nJune\n \n\n 27, 2025 – Quantum Critical Metals Corp.\n(TSX.V: LEAP | OTCQB: ATOXF | FSE: 86A1) (“\n \n\n Quantum\n \n\n ” or the\n“\n \n\n Company\n \n\n ”) announces that, further to its news release date June\n19, 2025, the Company has closed the first tranche of its non-brokered\nprivate placement financing (the “\n \n\n Offering\n \n\n ”) raising\ngross proceeds of $1,029,100 pursuant to the sale of 10,291,000 units\n(“\n \n\n Units\n \n\n ”) at a price of $0.10 per Unit. Each Unit consists of one\ncommon share of the Company (each, a “\n \n\n Share\n \n\n ”) and one\ncommon share purchase warrant (each, a “\n \n\n Warrant\n \n\n ”). Each\nWarrant entitles the holder to acquire one Share at a price of $0.20\nper Share until June 27, 2027.\n \n\n\n\n The Company intends to use the net proceeds from the\nOffering to fund continued exploration activities on the Company’s\nproperties in British Columbia and Quebec and for general corporate\npurposes.\n \n\n\n\n Closing of the Offering is subject to certain\nconditions, including the final approval of the TSX Venture Exchange\n(the “\n \n\n TSXV\n \n\n ”) and certain other conditions customary for a private\nplacement of this nature. The Company expects to close a second and\nfinal tranche] on or about July 13, 2024. All securities issued\npursuant to this tranche of the Offering are subject to a statutory\nfour month and one day hold period from their date of issue expiring\non October 28, 2025.\n \n\n\n\n The Company paid finder’s fees consisting of $42,387\nin cash fees and issued 422,870 brokers warrants in respect of\nsubscriptions from purchasers under the Offering introduced to the\nCompany by certain persons in accordance with the policies of, and\nsubject to the approval of, the TSXV. Gross proceeds for Pro Group\nmembers (as such term is defined in the policies of the TSXV) in the\nfirst tranche amounted to $37,500 pursuant to the issuance of 375,000\nUnits.\n \n\n\n\n Certain insiders participated in this trance of\nOffering and other related parties or insiders may participate in\nfuture tran...