VANCOUVER, British Columbia, April 29, 2026 (GLOBE NEWSWIRE) — Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is happy to announce that it has entered into an settlement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (jointly, the “Underwriters“), pursuant to which the Underwriters have agreed to purchase, on a bought-deal private placement basis, (i) 16,327,000 common shares of the Company (the “Common Shares”) at a worth of $2.45 consistent with Not unusual Percentage (“Common Share Offering Price”) for combination gross proceeds of $40,001,150; and (ii) 5,556,000 commonplace stocks of the Corporate that can qualify as a “flow-through share” throughout the that means of subsection 66(15) of the Source of revenue Tax Act (Canada) (the “Tax Act”) (the “FT Shares”) at a worth of $3.60 consistent with Go with the flow-Via Percentage for combination gross proceeds of $20,001,600 (jointly the “Offering”).
The Corporate shall grant the Underwriters an possibility to buy as much as an extra 4,082,000 Not unusual Stocks on the Not unusual Percentage Providing Value for added gross proceeds of as much as $10,000,900 exercisable at any time as much as 48 hours previous to the last of the Providing (the “Underwriters’ Option“).
The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Shares, pursuant to the provisions in the Income Tax Act (Canada) (the “Tax Act”), to incur (or be deemed to incur) eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” (as each phrases are outlined within the Tax Act) (the “Qualifying Expenditures”) associated with the Corporate’s tasks in Québec, on or earlier than December 31, 2027, and to resign the entire Qualifying Expenditures in favour of the subscribers of the FT Stocks efficient December 31, 2026. Within the match the Corporate is not able to resign Qualifying Expenditures efficient on or previous to December 31, 2026 to the subscribers for the FT Stocks bought in an combination quantity now not not up to the gross proceeds raised from the problem of the FT Stocks and/or the Qualifying Expenditures are in a different way diminished via the Canada Income Company, the Corporate will indemnify every FT Percentage subscriber for any further taxes payable via such subscriber because of the Corporate’s failure to resign the Qualifying Expenditures or because of the relief, as agreed.
The online proceeds gained from the sale of the Not unusual Stocks will likely be utilized in advancing the advance of the Corporate’s Cisco Lithium Venture, in addition to for running capital and basic company functions.
The Providing is anticipated to near on or about Would possibly 26, 2026, or such different date because the Corporate and Canaccord Genuity would possibly agree and is matter to positive prerequisites together with, however now not restricted to, the receipt of all important regulatory and different approvals together with the conditional approval of the TSX Project Trade.
The Not unusual Stocks and FT Stocks will likely be presented by the use of non-public placement pursuant to acceptable exemptions from prospectus necessities in every of the provinces of Canada and in the USA pursuant to an exemption from the registration necessities of the USA Securities Act of 1933, as amended, (the “1933 Act”) and in such different jurisdictions out of doors of Canada and the USA equipped it’s understood that no prospectus submitting or similar legal responsibility arises in such different jurisdiction.
ABOUT Q2 METALS CORP.
Q2 Metals is a Canadian mineral exploration corporate targeted at the Cisco Lithium Venture, situated throughout the larger Nemaska conventional territory of the Eeyou Istchee, James Bay area of Quebec, Canada. The Cisco deposit is 6.5 km from the Billy Diamond Freeway, which ends up in rail amenities within the The town of Matagami, ~150 km to the south.
The Inferred Mineral Useful resource Estimate (“MRE”) at the Cisco Lithium Venture defines a pit constrained 270 Mt at 1.36% Li2O at a cut-off grade of 0.4% Li2O with an extra underground constrained MRE of 24 Mt at 1.34 Li2O at a cut-off grade of 0.7% Li2O, for a complete mixed inferred mineral useful resource of 295 Mt at 1.36% Li2O. The deposit stays open alongside strike, with more than one further prime possible objectives known around the broader 41,253 ha challenge house.
FOR FURTHER INFORMATION, PLEASE CONTACT:
WWW.Q2Metals.com
Ahead-Taking a look Statements
Will have to a number of of those dangers or uncertainties materialize, or will have to assumptions underlying the forward-looking statements end up fallacious, exact effects would possibly range materially from the ones described herein as supposed, deliberate, expected, believed, estimated or anticipated. Even supposing the Corporate has tried to spot essential dangers, uncertainties and elements which might motive exact effects to fluctuate materially, there could also be others that motive effects to not be as expected, estimated or supposed. The Corporate does now not intend, and does now not suppose any legal responsibility, to replace this forward-looking knowledge apart from as in a different way required via acceptable legislation.
Neither the TSX Project Trade nor its Law Products and services Supplier (as that time period is outlined within the insurance policies of the TSX Project Trade) accepts accountability for the adequacy or accuracy of this liberate.
