Battery X Metals Announces Engagement of Geological Firm and Warrant Update
Battery X Metals has engaged a geological consulting firm to evaluate and conduct preliminary work programs for its core battery and critical mineral exploration projects. The firm will assess claim status, costs, provide geological overviews, review historical work, and recommend 2025 field programs.
The company's portfolio includes the Belanger Project (gold-copper) in Red Lake, Ontario; Leaf River Project (lithium) in Nunavik, Quebec; Reservoir-Dozois Project (lithium) near Sayona Mining's Abitibi Lithium Hub; and Y Lithium Project in Bailey Lake, Saskatchewan.
Additionally, Battery X Metals announced the acceleration of its warrant expiry dates following the company's stock price closing at or above $0.31 for 10 consecutive trading days. The new expiry date for 3,374,993 outstanding repriced warrants is March 2, 2025, after 180,000 warrants were exercised on January 23, 2025.
Battery X Metals ha incaricato una società di consulenza geologica per valutare e condurre programmi di lavoro preliminari per i suoi progetti di esplorazione di batterie e minerali critici. La società valuterà lo stato delle richieste, i costi, fornirà panoramiche geologiche, visionerà i lavori storici e preverrà i programmi di campo per il 2025.
Il portafoglio dell'azienda include il Belanger Project (oro-rame) a Red Lake, Ontario; il Leaf River Project (litio) a Nunavik, Quebec; il Reservoir-Dozois Project (litio) vicino al centro litio di Sayona Mining ad Abitibi; e il Y Lithium Project a Bailey Lake, Saskatchewan.
Inoltre, Battery X Metals ha annunciato l'accelerazione delle date di scadenza delle sue opzioni dopo che il prezzo delle azioni della società ha chiuso a $0.31 o più per 10 giorni di negoziazione consecutivi. La nuova data di scadenza per 3,374,993 opzioni rivalutate è il 2 marzo 2025, dopo che 180,000 opzioni sono state esercitate il 23 gennaio 2025.
Battery X Metals ha contratado a una firma de consultoría geológica para evaluar y llevar a cabo programas de trabajo preliminares para sus proyectos de exploración de baterías y minerales críticos. La firma evaluará el estado de las reclamaciones, los costos, proporcionará panoramas geológicos, revisará trabajos históricos y recomendará programas de campo para 2025.
El portafolio de la compañía incluye el Belanger Project (oro-cobre) en Red Lake, Ontario; el Leaf River Project (litio) en Nunavik, Quebec; el Reservoir-Dozois Project (litio) cerca del Centro de Litio de Sayona Mining en Abitibi; y el Y Lithium Project en Bailey Lake, Saskatchewan.
Además, Battery X Metals anunció la aceleración de las fechas de vencimiento de sus warrants tras el cierre del precio de sus acciones en $0.31 o más durante 10 días de negociación consecutivos. La nueva fecha de vencimiento para 3,374,993 warrants reajustados es el 2 de marzo de 2025, después de que se ejercieron 180,000 warrants el 23 de enero de 2025.
Battery X Metals는 배터리 및 주요 광물 탐사 프로젝트를 평가하고 초기 작업 프로그램을 수행하기 위해 지질 컨설팅 회사를 고용했습니다. 이 회사는 청구 상태, 비용을 평가하고, 지질 개요를 제공하며, 역사적 작업을 검토하고, 2025년 현장 프로그램을 추천할 것입니다.
회사의 포트폴리오는 온타리오주 레드 레이크에 있는 Belanger Project (금-구리); 케베크주 누나빅에 있는 Leaf River Project (리튬); 사이오나 마이닝의 아비티비 리튬 허브 근처에 있는 Reservoir-Dozois Project (리튬); 그리고 사스카체원주 베일리 레이크에 있는 Y Lithium Project를 포함합니다.
또한, Battery X Metals는 회사 주가가 10일 연속 거래일 동안 $0.31 이상으로 마감되면서 워런트 만료 날짜의 가속화를 발표했습니다. 3,374,993개의 재조정된 워런트의 새로운 만료 날짜는 2025년 3월 2일이며, 2025년 1월 23일에 180,000개의 워런트가 행사되었습니다.
Battery X Metals a engagé une société de conseil géologique pour évaluer et réaliser des programmes de travail préliminaires pour ses projets d'exploration de batteries et de minéraux critiques. La société évaluera le statut des revendications, les coûts, fournira des aperçus géologiques, passera en revue les travaux historiques et recommandera des programmes de terrain pour 2025.
Le portefeuille de l'entreprise comprend le Belanger Project (or-cuivre) à Red Lake, Ontario ; le Leaf River Project (lithium) à Nunavik, Québec ; le Reservoir-Dozois Project (lithium) près du centre lithium de Sayona Mining à Abitibi ; et le Y Lithium Project à Bailey Lake, Saskatchewan.
De plus, Battery X Metals a annoncé l'accélération des dates d'expiration de ses warrants après que le prix de l'action de l'entreprise a clôturé à ou au-dessus de 0,31 $ pendant 10 jours de négociation consécutifs. La nouvelle date d'expiration pour 3 374 993 warrants réajustés est le 2 mars 2025, après que 180 000 warrants ont été exercés le 23 janvier 2025.
Battery X Metals hat ein geologisches Beratungsunternehmen beauftragt, um Bewertungen durchzuführen und erste Arbeitsprogramme für seine Kernprojekte zur Erkundung von Batterien und kritischen Mineralien zu erstellen. Das Unternehmen wird den Status der Ansprüche, die Kosten bewerten, geologische Übersichten bereitstellen, historische Arbeiten überprüfen und Feldprogramme für 2025 empfehlen.
Das Portfolio des Unternehmens umfasst das Belanger Project (Gold-Kupfer) in Red Lake, Ontario; das Leaf River Project (Lithium) in Nunavik, Quebec; das Reservoir-Dozois Project (Lithium) in der Nähe des Abitibi Lithium Hub von Sayona Mining; und das Y Lithium Project in Bailey Lake, Saskatchewan.
Zusätzlich gab Battery X Metals die Beschleunigung der Verfallsdaten seiner Warrants bekannt, nachdem der Aktienkurs des Unternehmens 10 aufeinanderfolgende Handelstage lang bei oder über $0,31 geschlossen hatte. Das neue Verfallsdatum für 3.374.993 ausstehende neu bewertete Warrants ist der 2. März 2025, nachdem 180.000 Warrants am 23. Januar 2025 ausgeübt wurden.
- 180,000 warrants exercised on January 23, 2025
- Stock price performance triggered warrant acceleration, closing at $0.37
- Strategic positioning in multiple lithium and gold-copper projects across Canada
- Forced acceleration of warrant expiry may lead to selling pressure if holders cannot exercise
VANCOUVER, BC / ACCESS Newswire / January 24, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXD)(FSE:R0W, WKN:A3EMJB)("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that it has engaged an arms-length geological consulting firm (the "Geological Firm") to conduct property evaluations and preliminary work programs for the Company's core battery and critical mineral exploration projects. The scope of the engagement includes an assessment of claim status and annual costs, a geological overview of the properties, a review of historical work completed (based on Company-provided data), and recommendations for 2025 field programs to advance strategic exploration initiatives.
Further to the Company's news release dated January 6, 2025, which highlighted exploration results at its flagship Gold-Copper Belanger Project in Red Lake, Ontario-located in one of Canada's most prolific gold mining districts-Battery X Metals remains focused on unlocking the full potential of its exploration portfolio.
The engagement of the Geological Firm underscores the Company's commitment to advancing its core battery and critical mineral exploration projects, which include:
Belanger Project (Red Lake, ON): A gold-copper projected located in one of Canada's most prolific gold mining districts.
Leaf River Project (Nunavik, QC): A lithium project adjacent to Eureka Lithium's New Leaf Project.
Reservoir-Dozois Project (Abitibi, QC): A lithium project situated near Sayona Mining's Abitibi Lithium Hub.
Y Lithium Project (Bailey Lake, SK): A prospective lithium project.
Battery X Metals strives to maximize the value of its battery and critical mineral exploration projects, while remaining mindful of market conditions, financial resources, and practical business considerations.
For more information about the Company and its projects, please visit www.batteryxmetals.com.
Warrant Update
The Company also announces the acceleration of the expiry date of its outstanding common share purchase warrants issued on January 24, 2024, February 9, 2024, July 29, 2026, and September 3, 2026 (the "Repriced Warrants").
On January 22, 2025, the price of the Company's common shares on the Canadian Securities Exchange (the "CSE") closed at
Following the exercise of 180,000 Repriced Warrants on January 23, 2025, 3,374,993 Repriced Warrants remain outstanding as of January 24, 2025.
The exercise period of the Repriced Warrants has been accelerated to 30 days, and commences 10 days from the Trading Period. Accordingly, the new expiry date of the Repriced Warrants is March 2, 2025. Any Repriced Warrants that are unexercised will expire and be cancelled after 5:00 p.m. (Vancouver time) on March 2, 2025.
Warrant holders are encouraged to exercise their Repriced Warrants prior to the new expiry date. For additional information or assistance, warrant holders are advised to contact the Company directly.
About Battery X Metals Inc.
Battery X Metals (CSE:BATX) (OTCQB:BATXD) (FSE:R0W, WKN:A3EMJB) is an energy transition resource exploration and technology company dedicated to advancing domestic battery and critical metal resource exploration while developing proprietary technologies. The Company focuses on exploring battery metals, recycling battery materials, and extending the lifespan of lithium ion and electric vehicle (EV) batteries through its portfolio company, LIBRT1. For more information, visit batteryxmetals.com.
1 Li-ion Battery Renewable Technologies Inc.,
On Behalf of the Board of Directors
Massimo Bellini Bressi, Director
For further information, please contact:
Massimo Bellini Bressi
Chief Executive Officer
Email: mbellini@batteryxmetals.com
Tel: (604) 741-0444
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws. These statements relate to the Company's objectives, strategies, and future plans, including the engagement of the Geological Firm, the preliminary assessment and advancement of the Company's exploration projects, the acceleration and exercise of common share purchase warrants, and the Company's energy transition initiatives. Specific forward-looking statements include expectations regarding the assessment and exploration of the Belanger Project, Leaf River Project, Reservoir-Dozois Project, and Y Lithium Project; the exercise of the Repriced Warrants; the anticipated proceeds from warrant exercises and their impact on the Company's financial position; and the Company's commitment to contributing to the clean energy transition through exploration and proprietary technologies. These forward-looking statements are based on current expectations, assumptions, and beliefs as of the date of this release. However, they involve known and unknown risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied. Risks include, but are not limited to, market volatility, fluctuations in the Company's share price, the ability of warrant holders to exercise their warrants before the accelerated expiry date, changes in exploration project timelines or outcomes, regulatory changes, and other risks related to the Company's operations, exploration activities, and commercialization efforts. Battery X Metals assumes no obligation to update or revise any forward-looking statements to reflect events, circumstances, or changes in expectations, except as required by law. Investors are cautioned not to place undue reliance on these forward-looking statements and are encouraged to refer to the Company's public filings on SEDAR+ for further risk disclosures.
SOURCE: Battery X Metals
View the original press release on ACCESS Newswire
FAQ
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