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Battery X Metals has announced the repricing of 3,554,993 common share purchase warrants to a revised exercise price of $0.25 per warrant, effective immediately. This follows the company's 3.3:1 share consolidation from December 10, 2024. The repriced warrants include:
- 1,294,392 warrants expiring January 24, 2026 (original price $0.66)
- 355,151 warrants expiring February 9, 2026 (original price $0.66)
- 1,496,360 warrants expiring July 29, 2026 (original price $0.33)
- 409,090 warrants expiring September 3, 2026 (original price $0.33)
Per CSE policies, if the company's share price exceeds the new exercise price by 25% for ten consecutive trading days, the warrant terms must be amended to 30 days.
Battery X Metals has announced results from its 2024 exploration program at the Belanger Project near Red Lake, Ontario. The project, spanning 109 unpatented mining claims, revealed significant mineral findings across multiple zones. The Williamson Zone showed notable results with 11.8 g/t gold, 4.59% copper, and 59.7 ppm silver.
A new gold discovery 700m northeast of the Williamson Zone yielded 1.74 g/t gold. Other significant findings include the South Bay Road area (1.52 g/t gold, 0.7% copper, 0.7% zinc) and the Hemming Zone (1.52 g/t gold). The company has an option to acquire 100% interest in the project for remaining payments totaling $16,500, subject to a 3% net smelter returns royalty.
