Quantum Battery Metals Corp. has signed a non-binding letter of intent to acquire the Copper Coffer Property. The LOI details the acquisition of the property with 100% option interest in and to 24 mineral claims, together with the surface rights, mineral rights, personal property, and permits associated there with located on the Copper Coffer Property.

The Copper Coffer Property is a copper prospect with an approximate area of 600 hectares in jurisdiction of Newfoundland, Canada. The Property is located on the Bonavista Peninsula and is accessible by road via Port Rexton or Trinity, or by plane via the St. John's International Airport, located 180 km Southeast of the Property.

The Copper Coffer Property is located on the Bonavista Peninsula within the tectonostratigraphic Avalon Zone. The region is characterized by ca. 760--540 Ma Late Proterozoic submarine and terrestrial volcanic rocks, and turbiditic, deltaic, and fluviatile sedimentary rocks.

The Avalon Zone is subdivided into two sedimentary basins separated by the Spillars Cove-English Harbour fault. The St. John's basin includes the Conception, St.

John's, and Signal Hill groups, and the Bonavista basin includes the Musgravetown Group and Random and Bonavista formations. The Copper Coffer Property falls within the Bonavista basin, within the Connecting Point, Musgravetown, groups, and the Random Formation. The Copper Coffer Property is prospective for sedimentary-hosted stratiform copper mineralization.

These deposits commonly occur as thin (<30 m), peneconcordant sulphide- bearing zones in reduced horizons that overly oxidized continental redbeds, or in reduced units within continental redbed sequences (Hinchey, 2010).