Quantum Materials Corp. (fka QTMM)

[drugmanrx]

Let me clarify it for you.

In November 2018 these revenue projections were based on a 20,000 sq ft facility

Annual Minimum Royalties

Annual minimum royalties will commence on January 15, 2021 and will be as follows:

January 15th , 2021 Minimum royalty = $[**Confidential Treatment Requested]

January 15th , 2022 Minimum royalty = $[**Confidential Treatment Requested]

January 15th , 2023 Minimum royalty = $[**Confidential Treatment Requested]

January 15th , 2024 Minimum royalty = $[**Confidential Treatment Requested]

January 15th , 2025 Minimum royalty = $[**Confidential Treatment Requested]

Since robust sales are anticipated from 2025 forward annual minimum royalties will likely no longer be relevant. In the event this is not the case annual minimum royalties of $[**Confidential Treatment Requested] will be used as default to perpetuity.

The October 2019 PR stated

Originally planned to occupy 20,000 sq. ft., Tech City is now being constructed to a 75,000 sq. ft. footprint, with redesigned waste management and recycling systems to support the multi-story quantum dot laboratory and factory complex.

Now those projected revenue of November 2018 from a 20,000 sq ft facility they have now been increased because they will be in a 75,000 sq ft facility as stated in the OCT 2019 PR.

Thus the truth was stated and consistent.

October ‘19 QMC releases update on our Assam, India licensee’s solar project with increased volume and revenue projected for 2021 due to expansion from the original 20,000 sq. ft facility to 75,000 sq. Ft.,