Ms. Marcy Kiesman reports

QUANTUM CLOSES PRIVATE PLACEMENT

Quantum Critical Metals Corp., further to its news release date July 15, 2025, has closed its final tranche of its non-brokered private placement financing, raising gross proceeds of $580,000.30, pursuant to the sale of 5,800,003 units at a price of 10 cents per unit. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one share at a price of 20 cents per share until July 17, 2027.

The company intends to use the net proceeds from the offering to finance continued exploration activities on the company's properties in British Columbia and Quebec, and for general corporate purposes.

Closing of the offering is subject to certain conditions, including the final approval of the TSX Venture Exchange and certain other conditions customary for a private placement of this nature. All securities issued pursuant to this tranche of the offering are subject to a statutory four-month-and-one-day hold period from their date of issue expiring on Nov. 18, 2025. The company did not pay finders' fees in this tranche of financing.

Offering summary

Total gross proceeds in connection with the offering totalled $2,009,100.30 pursuant to the sale of 20,091,003 units. The company paid finders' fees consisting of $54,217 in cash fees and issued 541,170 broker warrants in respect of subscriptions from purchasers under the offering introduced to the company by certain persons in accordance with the policies of, and subject to the approval of, the TSX-V. Gross proceeds for pro group members (as such term is defined in the policies of the TSX-V) amounted to $92,500 pursuant to the issuance of 925,000 units.

Certain insiders participated in the offering. As a result, the offering is considered a related party transaction pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 by the application of sections 5.5(b) and 5.7(1)(a) of MI 61-101 because the shares trade on the TSX-V and the fair market value of insiders' participation is below 25 per cent of the company's market capitalization as calculated for purposes of MI 61-101. Gross proceeds from insiders participating in the financing amounted to $165,000.30 pursuant to the issuance of 1,650,003 units.

About Quantum Critical Metals Corp.

Quantum Critical is a Canadian mineral exploration company focused on advancing critical metals projects that power next-generation technologies. With a growing portfolio of promising assets, including the NMX East gallium-rubidium-cesium project in Quebec, the Discovery gallium-rubidium-cesium and polymetallic project in Quebec, the Victory antimony project, four copper projects in British Columbia, and the Prophecy germanium-gallium-zinc project in British Columbia, among others, the company is strategically positioned to support the West's transition to a secure and sustainable critical minerals supply.

We seek Safe Harbor.