QMET secures deal for the acquisition of Colchester's hydrogen exploration properties, located near QIMC's Nova Scotia Hydrogen Zone, expanding joint collaboration between the two companies.
Q Precious & Battery Metals Corp. Continues to Expand in the Natural Hydrogen Sector
In a significant move, Q Precious & Battery Metals Corp. (QMET) has entered into an agreement to acquire the Colchester natural hydrogen exploration assets, located adjacent to Quebec Innovative Materials Corp.'s (QIMC) Nova Scotia Hydrogen District.
According to an article titled "QMET Enters Agreement to Acquire Colchester Natural Hydrogen Exploration Assets Adjacent to QIMC's Nova Scotia Hydrogen District and Expands QIMC Collaboration" [1][2][3], the acquisition was announced on April 7, 2025. The companies plan to provide further updates on exploration plans, key milestones, and timelines in the near term.
The Colchester project comprises 7 licenses totalling 559 claims, covering an area of 89.44 square kilometers. The acquisition requires QMET to make a non-refundable $25,000 payment and issue 8,000,000 common shares to the Sellers in exchange for the project. The securities issued will be subject to a four-month and one-day hold from the date of issuance.
Under the terms of the Acquisition Agreement, QMET has granted certain Sellers a 2.0% royalty on revenues from the sale of any hydrogen or other minerals on the property. However, 50% of the Sellers' Royalty may be purchased for $2,000,000.
The strategic acquisition by QMET positions them exceptionally well in Canada's fast-emerging natural hydrogen market, adjacent to QIMC's established district. The collaboration between QMET and QIMC is aimed at unlocking the significant natural hydrogen potential of Nova Scotia, and it accelerates QMET's path toward commercializing natural hydrogen resources, offering substantial growth opportunities.
Following regulatory approvals, including a 5000-meter drill permit, QMET has already begun soil sampling and early exploration phases in Nova Scotia, demonstrating promising results for clean natural hydrogen potential. The company’s collaboration with QIMC continues to be a key focus, aiming to expand the hydrogen initiative both in Nova Scotia and Quebec with a commitment to responsible resource development.
QMET's latest acquisition is in the natural hydrogen exploration assets sector. The CEO of QIMC, John Karagiannidis, expresses pleasure at expanding the natural hydrogen strategic relationship between the two companies into Nova Scotia. The acquisition is subject to approval of the CSE.
References: [1] Q Precious & Battery Metals Corp. (CSE: QMET). (2025, April 7). Q Precious & Battery Metals Corp. Enters into Agreement to Acquire Colchester Natural Hydrogen Exploration Assets Adjacent to QIMC's Nova Scotia Hydrogen District and Expands QIMC Collaboration. PR Newswire. Retrieved July 1, 2025, from https://www.prnewswire.com/news-releases/q-precious--battery-metals-corp-cse-qmet---enters-into-agreement-to-acquire-colchester-natural-hydrogen-exploration-assets-adjacent-to-qimcs-nova-scotia-hydrogen-district-and-expands-qimc-collaboration-301518448.html
[2] Q Precious & Battery Metals Corp. (CSE: QMET). (2025, April 7). Q Precious & Battery Metals Corp. Announces Acquisition of Colchester Natural Hydrogen Exploration Assets Adjacent to QIMC's Nova Scotia Hydrogen District and Expands QIMC Collaboration. Business Wire. Retrieved July 1, 2025, from https://www.businesswire.com/news/home/20250407005369/en/Q-Precious--Battery-Metals-Corp.-CSE-QMET---Announces-Acquisition-of-Colchester-Natural-Hydrogen-Exploration-Assets-Adjacent-to-QIMC's-Nova-Scotia-Hydrogen-District-and-Expands-QIMC-Collaboration
[3] Q Precious & Battery Metals Corp. (CSE: QMET). (2025, April 7). Q Precious & Battery Metals Corp. Announces Acquisition of Colchester Natural Hydrogen Exploration Assets Adjacent to QIMC's Nova Scotia Hydrogen District and Expands QIMC Collaboration. GlobeNewswire. Retrieved July 1, 2025, from https://www.globenewswire.com/news-release/2025/04/07/2377653/0/en/Q-Precious--Battery-Metals-Corp-CSE-QMET---Announces-Acquisition-of-Colchester-Natural-Hydrogen-Exploration-Assets-Adjacent-to-QIMC-s-Nova-Scotia-Hydrogen-District-and-Expands-QIMC-Collaboration.html
- The acquisition of Colchester natural hydrogen exploration assets by Q Precious & Battery Metals Corp. (QMET) is a move that could have significant implications for the energy and technology sectors, as it positions QMET to capitalize on the growing market for natural hydrogen resources.
- The strategic collaboration between QMET and Quebec Innovative Materials Corp. (QIMC) extends beyond their initial partnership and into the broader realm of business and politics, with the aim of unlocking significant natural hydrogen potential in Nova Scotia and Quebec.
- As QMET continues to expand in the natural hydrogen sector, the company's operations and growth opportunities could attract the attention of investors in the finance industry, particularly those with an interest in sustainable and renewable energy.
