BATTERY X METALS INC - BATXF STOCK NEWS

Battery X Metals has announced three key financial initiatives: a non-brokered private placement to raise up to $600,000 through issuing 12 million units at $0.05 each, a debt settlement of $600,000 through issuing 12 million units, and a convertible loan agreement worth $101,289.51.

Each unit in both the private placement and debt settlement includes one common share and one warrant, allowing purchase of an additional share at $0.075 for 24 months. The private placement proceeds will be used for working capital and outstanding payables. The convertible loan is interest-free with a 12-month maturity, convertible at $0.05 per unit with similar warrant terms.

Closing is expected around December 20, 2024, subject to regulatory approvals.

Battery X Metals has announced the implementation of a share consolidation effective December 10, 2024. The consolidation will be executed on a 3.3:1 basis, where every 3.3 pre-consolidation common shares will be converted into one post-consolidation share. Following the consolidation, the total number of outstanding common shares will be approximately 21,493,985. The company's name and trading symbols will remain unchanged, though new CUSIP and ISIN numbers will be assigned. No fractional shares will be issued, and any resulting fractions will be rounded down. The consolidation will proportionally adjust the exercise price and number of shares for outstanding convertible securities.

Battery X Metals has announced a 3.3:1 share consolidation of its common shares, reducing the total from 70,930,153 to approximately 21,493,985 shares. The consolidation, approved by the board of directors without requiring shareholder approval, is expected to begin trading on the Canadian Securities Exchange on December 10, 2024. No fractional shares will be issued, and any fractions will be rounded down. The company believes this move will enhance share marketability, attract broader investor interest, and improve flexibility for future corporate activities and financing opportunities.

Battery X Metals has amended its option agreement with Bounty Gold Corp. to acquire 100% of the Belanger Project, a gold-copper property in Ontario's Birch-Uchi Greenstone Belt. The company will pay the remaining $18,000 in installments until June 30, 2025. The project spans 109 unpatented mining claims and aligns with the company's strategy in clean energy transition and critical metals. Additionally, the company has completed a debt settlement of $81,000 through the issuance of 810,000 common shares at $0.10 per share.

Battery X Metals has initiated strategic measures to strengthen its balance sheet, focusing on reducing outstanding liabilities through debt settlements and amended marketing agreements. The company aims to reduce accounts payable, accrued liabilities, and working capital commitments by approximately $261,000. The initiatives include debt settlements worth up to $111,000 through share issuance at $0.10 per share, and amendments to marketing agreements with Pivotal CM and Sidis Holdings, resulting in the cancellation of $150,000 in remaining obligations. The company also appointed Howard Blank as an independent director and Audit Committee Chair.

Battery X Metals announces significant progress in eco-friendly lithium-ion battery material recovery technology through collaboration with a Global Top 20 University. The company's proprietary froth flotation process has shown promising results in recovering battery-grade graphite from black mass, addressing a critical gap in battery recycling. Initial tests successfully recovered approximately 45% of black mass samples, primarily graphite, while oxides and phosphates remained in tailings. The company plans to conduct chemical assays to quantify recovery rates and validate oxide and phosphate recovery, followed by provisional patent applications. Battery X's strategy focuses on licensing this technology to existing battery recyclers as a downstream technology partner.

Battery X Metals' portfolio company LIBRT has strengthened its partnership with BJPN through a Second Amended Agreement to accelerate the development of EV battery diagnostic and rebalancing technology. Key highlights include:

1. Progress towards Prototype 2.0, expected by April 2025, aimed at improving lithium-ion and EV battery performance and longevity.

2. Clarification of intellectual property ownership, payment obligations, and exclusive licensing rights.

3. LIBRT retains ownership of core technology, while BJPN owns specific components.

4. Exclusive licensing agreements for both parties in respective territories.

5. Battery X Metals holds a 49% equity interest in LIBRT with an option to acquire the remaining 51%.

The partnership aims to enhance battery health, performance, and lifespan, potentially revolutionizing the EV industry.

Battery X Metals (CSE: BATX, OTCQB: BATXF, FSE: R0W) finalizes the acquisition of 100% ownership of two Quebec lithium exploration projects and 49% of Li-ion Battery Renewable Technologies Inc. (LIBRT). This $750,000 transaction, paid through issuing 7.5 million BATX shares at $0.10 per share, enhances the company's lithium project portfolio and battery technology capabilities.

The Quebec projects comprise 83 claims in Nunavik and 52 claims in Abitibi. LIBRT, recognized by the National Research Council of Canada, specializes in lithium-ion battery health diagnostics and cell rebalancing technology, extending battery lifespan by 2-3 years. The company also utilizes AI for battery maintenance in secondary Battery Energy Storage Systems (BESS).

Additionally, BATX announces the need to file a Business Acquisition Report for its previous acquisition of YY Resources Inc.

Battery X Metals Inc. announces the listing of its common shares on the Frankfurt Stock Exchange (FSE) under the trading symbol 'R0W'. The FSE is one of the world's largest international trading centres for securities, handling approximately 90 percent of all securities traded in Germany. Battery X Metals CEO, Mark Brezer, believes that this listing will expand their shareholder base, enhance liquidity, and raise overall market awareness of their mission to advance North America's clean energy transition.