Battery X Metals Announces Formation of Critical Battery Metals Exploration Subsidiary and Expansion of Quebec Exploration Portfolio with Acquisition of 39 Additional Mineral Claims
Battery X Metals (BATXF) has announced two strategic developments: the formation of a new wholly-owned subsidiary, Battery X Discoveries Inc., and the expansion of its mineral claims portfolio in Quebec.
The newly formed subsidiary, established on April 3, 2025, will focus on identifying, acquiring, and advancing critical battery metal exploration across North America. The initiative aims to secure essential battery materials including lithium, cobalt, graphite, nickel, and manganese to support North American supply chains.
Additionally, on April 9, 2025, the company amended its January 11, 2024 agreement with 1303812 B.C. to acquire 39 additional mineral claims near its Reservoir Dozois Project in Abitibi, Quebec. These claims were originally omitted from the initial agreement and were transferred at no additional cost, bringing the total number of active mineral claims to 47.
Battery X Metals (BATXF) ha annunciato due sviluppi strategici: la formazione di una nuova controllata interamente posseduta, Battery X Discoveries Inc., e l'espansione del suo portafoglio di diritti minerari in Quebec.
La nuova controllata, istituita il 3 aprile 2025, si concentrerà sull'identificazione, acquisizione e sviluppo dell'esplorazione di metalli critici per batterie in Nord America. L'iniziativa mira a garantire materiali essenziali per batterie, tra cui litio, cobalto, grafite, nichel e manganese, per supportare le catene di approvvigionamento nordamericane.
Inoltre, il 9 aprile 2025, l'azienda ha modificato l'accordo del 11 gennaio 2024 con 1303812 B.C. per acquisire 39 ulteriori diritti minerari vicino al suo Reservoir Dozois Project in Abitibi, Quebec. Questi diritti erano stati inizialmente omessi dall'accordo originale e sono stati trasferiti senza costi aggiuntivi, portando il numero totale di diritti minerari attivi a 47.
Battery X Metals (BATXF) ha anunciado dos desarrollos estratégicos: la formación de una nueva subsidiaria de propiedad total, Battery X Discoveries Inc., y la expansión de su cartera de derechos minerales en Quebec.
La nueva subsidiaria, establecida el 3 de abril de 2025, se enfocará en identificar, adquirir y avanzar en la exploración de metales críticos para baterías en América del Norte. La iniciativa tiene como objetivo asegurar materiales esenciales para baterías, incluyendo litio, cobalto, grafito, níquel y manganeso, para apoyar las cadenas de suministro norteamericanas.
Además, el 9 de abril de 2025, la compañía enmendó su acuerdo del 11 de enero de 2024 con 1303812 B.C. para adquirir 39 derechos minerales adicionales cerca de su Reservoir Dozois Project en Abitibi, Quebec. Estos derechos fueron originalmente omitidos del acuerdo inicial y se transfirieron sin costo adicional, llevando el número total de derechos minerales activos a 47.
Battery X Metals (BATXF)는 두 가지 전략적 발전을 발표했습니다: 새로운 완전 자회사인 Battery X Discoveries Inc.의 설립과 퀘벡에서의 광물 청구권 포트폴리오 확장입니다.
새로 설립된 자회사는 2025년 4월 3일에 설립되었으며, 북미 전역에서 중요한 배터리 금속 탐사를 식별하고 인수하며 발전시키는 데 집중할 것입니다. 이 이니셔티브는 북미 공급망을 지원하기 위해 리튬, 코발트, 흑연, 니켈 및 망간과 같은 필수 배터리 재료를 확보하는 것을 목표로 하고 있습니다.
또한, 2025년 4월 9일, 회사는 1303812 B.C.와의 2024년 1월 11일자 계약을 수정하여 퀘벡 아비티비의 Reservoir Dozois Project 근처에 39개의 추가 광물 청구권을 인수했습니다. 이 청구권은 원래 초기 계약에서 누락되었으며 추가 비용 없이 이전되어 총 47개의 활성 광물 청구권을 보유하게 되었습니다.
Battery X Metals (BATXF) a annoncé deux développements stratégiques : la création d'une nouvelle filiale à part entière, Battery X Discoveries Inc., et l'expansion de son portefeuille de droits miniers au Québec.
La nouvelle filiale, créée le 3 avril 2025, se concentrera sur l'identification, l'acquisition et l'avancement de l'exploration des métaux critiques pour batteries en Amérique du Nord. L'initiative vise à sécuriser des matériaux essentiels pour batteries, y compris le lithium, le cobalt, le graphite, le nickel et le manganèse, pour soutenir les chaînes d'approvisionnement nord-américaines.
De plus, le 9 avril 2025, la société a modifié son accord du 11 janvier 2024 avec 1303812 B.C. pour acquérir 39 droits miniers supplémentaires près de son Reservoir Dozois Project en Abitibi, Québec. Ces droits avaient été initialement omis de l'accord initial et ont été transférés sans coût supplémentaire, portant le nombre total de droits miniers actifs à 47.
Battery X Metals (BATXF) hat zwei strategische Entwicklungen bekannt gegeben: die Gründung einer neuen hundertprozentigen Tochtergesellschaft, Battery X Discoveries Inc., und die Erweiterung ihres Portfolios an Mineralansprüchen in Quebec.
Die neu gegründete Tochtergesellschaft, die am 3. April 2025 gegründet wurde, wird sich auf die Identifizierung, Akquisition und Förderung der Erkundung kritischer Batteriemetalle in Nordamerika konzentrieren. Die Initiative zielt darauf ab, essentielle Batteriematerialien wie Lithium, Kobalt, Graphit, Nickel und Mangan zu sichern, um die nordamerikanischen Lieferketten zu unterstützen.
Darüber hinaus hat das Unternehmen am 9. April 2025 seine Vereinbarung vom 11. Januar 2024 mit 1303812 B.C. geändert, um 39 zusätzliche Mineralansprüche in der Nähe seines Reservoir Dozois Project in Abitibi, Quebec, zu erwerben. Diese Ansprüche wurden ursprünglich im ursprünglichen Vertrag ausgelassen und wurden ohne zusätzliche Kosten übertragen, wodurch die Gesamtzahl der aktiven Mineralansprüche auf 47 erhöht wurde.
- Strategic expansion of mineral exploration portfolio with 39 additional claims at no extra cost
- Formation of specialized subsidiary focusing on critical battery metals exploration
- Enhanced positioning in North American battery materials supply chain
- None.
News Release Highlights:
Battery X Metals forms Battery X Discoveries Inc., a new wholly-owned subsidiary focused on advancing critical battery metal exploration across North America.
Battery X Metals acquires 39 additional mineral claims, comprising claims contiguous to and in proximity to its Reservoir Dozois Project in Abitibi, Quebec, expanding its exploration footprint.
VANCOUVER, BC / ACCESS Newswire / April 10, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:R0W, WKN:A3EMJB)("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that, effective April 3, 2025, it has incorporated Battery X Discoveries Inc. ("Battery X Discoveries"), a wholly-owned subsidiary focused on the identification, acquisition, and advancement of critical battery metal exploration opportunities across North America.
Formation of Battery X Discoveries Inc. to Advance North American Critical Battery Metal Exploration
The formation of Battery X Discoveries represents a key milestone in the execution of the Company's long-term strategy to secure North American sources of essential battery materials-including lithium, cobalt, graphite, nickel, and manganese-that are vital to the clean energy transition and the resilience of North American supply chains. The new subsidiary will serve as a strategic entity within the Company's broader exploration portfolio, supporting the pursuit of new, high-potential targets through both conventional and technology-enhanced methodologies.
"The formation of Battery X Discoveries aims to strengthen the critical battery metal exploration vertical of our 360° battery metals strategy," said Massimo Bellini Bressi, CEO of Battery X Metals. "The formation of Battery X Discoveries is intended to enable us to deepen our focus on North American critical battery metal resource discovery and reinforces our commitment to building a sustainable and secure supply chain for energy transition materials."
Acquisition of Additional Mineral Claims at Reservoir Dozois Project, Abitibi, Quebec
The Company also announces that, on April 9, 2025, it amended the underlying purchase and sale agreement dated January 11, 2024 (the "Original Agreement") with 1303812 B.C. Ltd. (the "Vendor") and acquired an additional 39 active mineral claims (the "Additional Claims"), comprising certain claims that are contiguous to, and others that are located in proximity to, the Company's existing 8 active mineral claims acquired on January 11, 2024 pursuant to the Original Agreement. The Additional Claims were inadvertently omitted under the Original Agreement which the parties have rectified through the amendment. Collectively, the 47 mineral claims comprise the Reservoir Dozois Project. The additional 39 mineral claims were transferred by the Vendor to the Company's subsidiary for no additional consideration than what was paid under the Original Agreement.
About Battery X Metals Inc.
Battery X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:R0W, WKN:A3EMJB) is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit batteryxmetals.com.
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. All statements in this release that are not historical facts are forward-looking statements. Forward-looking statements in this release include, without limitation, statements regarding: the formation, objectives, and anticipated activities of Battery X Discoveries, including its role in identifying, acquiring, and advancing critical battery metal exploration opportunities across North America; the strategic importance and potential impact of Battery X Discoveries on the Company's long-term exploration strategy; the expansion of the Reservoir Dozois Project through the acquisition of additional mineral claims and the Company's future exploration plans related thereto; and the Company's overall vision to contribute to North American battery metal supply chain resilience and the clean energy transition. These forward-looking statements reflect the Company's current beliefs, assumptions, and expectations based on information currently available to management and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially. These risks and uncertainties include, but are not limited to: the Company's ability to successfully implement its strategic initiatives and exploration plans; the availability of funding and resources to carry out exploration and development programs; geological, technical, and operational challenges in connection with exploration activities; the accuracy of historical data and assumptions used in exploration planning; market demand for critical battery metals; changes in laws and regulations affecting the mining and exploration industry; and general economic, market, and geopolitical conditions. Readers are cautioned not to place undue reliance on these forward-looking statements. Although the Company believes the expectations expressed in such statements are reasonable, there can be no assurance that such expectations will prove to be correct. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise them except as required by applicable law. For a detailed discussion of risk factors that could affect the Company's future performance, readers are encouraged to consult the Company's public disclosure documents available on SEDAR+ (www.sedarplus.ca).
SOURCE: Battery X Metals
View the original press release on ACCESS Newswire
FAQ
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