Battery metals mining company Quantum Battery Metals has signed a nonbinding letter of intent (LoI) to acquire the Copper Coffer property, in Newfoundland, Canada.
The LoI details the proposed acquisition of the property, with a 100% option interest in and to 24 mineral claims, together with the surface rights, mineral rights, personal property and permits associated with the Copper Coffer property.
The Copper Coffer property is a copper prospect with an area of about 600 ha and is located on the Bonavista Peninsula.
The Copper Coffer property is prospective for sedimentary-hosted stratiform copper mineralisation.