Q2 Metals Raises $7.6 Million via Warrant Exercise

Q2 Metals Corp has announced the exercise of 12,808,333 share purchase warrants, originally issued during a private placement in February 2023. This has resulted in proceeds totaling $7,684,999.80. The warrants, priced at $0.60 per share, were exercised before their expiration date.

Alicia Milne, President and CEO of Q2 Metals, expressed satisfaction with the additional cash, which boosts the company's balance sheet to an approximate $12.3 million cash position by fiscal year-end on February 28. This supports the fully funded 2025 winter drill campaign at the Cisco Lithium Project.

Q2 Metals plans to attend the 2025 Prospectors & Developers Association of Canada event in Toronto. The company will present a corporate spotlight on Quebec Day, highlighting its exploration endeavors at Cisco.