QUEST CRITICAL METALS CONFIRMS LICENCE RENEWALS OF CZECH AND GERMAN EXPLORATION LICENCES, COMMENCEMENT OF NEGOTIATIONS WITH LOCAL DRILLING COMPANY AND EU FUNDED GEOCHEMICAL PROGRAM

Quest Critical Metals Inc has successfully secured the renewal of all exploration licences in the Czech Republic and Germany that were scheduled to expire in 2024, ensuring continued access to its European exploration assets. This regulatory milestone provides the foundation for the company's ongoing exploration activities across these key jurisdictions.

The company has made operational progress by selecting a local drilling company and commencing negotiations, positioning itself to advance field work programs. Additionally, Quest Critical Metals is proceeding with an EU-funded geochemical program, which represents external validation and financial support for its exploration initiatives in the region.

These developments reflect Quest Critical Metals' commitment to maintaining its European exploration portfolio and advancing systematic exploration programs. The licence renewals eliminate near-term regulatory uncertainty, while the drilling company selection and EU funding support suggest the company is preparing for more intensive exploration activities. For the critical metals sector, this demonstrates continued institutional support for exploration in Europe, particularly given the EU's strategic focus on domestic critical mineral supply chains.

The combination of secured tenure, operational preparations, and external funding positions Quest Critical Metals to execute its exploration strategy across its Czech and German assets. This progress is particularly significant given the current European emphasis on critical mineral security and the potential for domestic supply chain development.