Battery X Metals Announces Strategic Agreement to Advance Artificial Intelligence-Driven Exploration of Critical Battery Metals in Nevada, USA
Battery X Metals (BATXF) has entered into a strategic joint venture with TerraDX to launch AI-powered exploration for battery metals in Nevada. The binding MOU, effective April 16, 2025, establishes a 50/50 joint venture framework focused on discovering lithium, cobalt, graphite, and other battery metals.
The venture will leverage TerraDX's proprietary AI model to analyze geological datasets and identify high-probability mineral targets. Initial budgets are estimated at $50,000-$100,000 for claims acquisition and another $50,000-$100,000 for early-stage exploration activities.
The partnership aligns with Battery X Metals' 360° strategy across the battery metals sector, which includes exploration, recovery technologies development, and battery lifespan extension. Nevada was selected for hosting approximately 85% of U.S. known lithium deposits and being the sole domestic lithium producer in 2023.
Battery X Metals (BATXF) ha avviato una joint venture strategica con TerraDX per lanciare un'esplorazione di metalli per batterie basata sull'intelligenza artificiale in Nevada. Il Memorandum d'Intesa vincolante, efficace dal 16 aprile 2025, stabilisce un accordo di joint venture al 50/50 focalizzato sulla scoperta di litio, cobalto, grafite e altri metalli per batterie.
La joint venture sfrutterà il modello AI proprietario di TerraDX per analizzare i dati geologici e identificare obiettivi minerari ad alta probabilità. I budget iniziali sono stimati tra 50.000 e 100.000 dollari per l'acquisizione delle concessioni e altri 50.000-100.000 dollari per le attività di esplorazione preliminare.
La partnership si integra nella strategia a 360° di Battery X Metals nel settore dei metalli per batterie, che comprende esplorazione, sviluppo di tecnologie di recupero e prolungamento della vita delle batterie. Il Nevada è stato scelto per ospitare circa l'85% dei depositi di litio conosciuti negli Stati Uniti e per essere stato l'unico produttore nazionale di litio nel 2023.
Battery X Metals (BATXF) ha establecido una empresa conjunta estratégica con TerraDX para lanzar una exploración de metales para baterías impulsada por inteligencia artificial en Nevada. El Memorando de Entendimiento vinculante, vigente desde el 16 de abril de 2025, establece un marco de empresa conjunta 50/50 centrado en descubrir litio, cobalto, grafito y otros metales para baterías.
La empresa aprovechará el modelo de IA propietario de TerraDX para analizar conjuntos de datos geológicos e identificar objetivos minerales con alta probabilidad. Los presupuestos iniciales se estiman entre 50,000 y 100,000 dólares para la adquisición de concesiones y otros 50,000-100,000 dólares para actividades de exploración en etapas tempranas.
La asociación se alinea con la estrategia 360° de Battery X Metals en el sector de metales para baterías, que incluye exploración, desarrollo de tecnologías de recuperación y extensión de la vida útil de las baterías. Nevada fue elegido por albergar aproximadamente el 85% de los depósitos conocidos de litio en EE. UU. y por ser el único productor nacional de litio en 2023.
Battery X Metals (BATXF)는 TerraDX와 전략적 합작 투자 계약을 체결하여 네바다에서 AI 기반 배터리 금속 탐사를 시작합니다. 2025년 4월 16일부터 효력이 발생하는 구속력 있는 양해각서(MOU)는 리튬, 코발트, 흑연 및 기타 배터리 금속 발견에 중점을 둔 50대 50 합작 투자 구조를 확립합니다.
이 합작 투자는 TerraDX의 독점 AI 모델을 활용하여 지질 데이터 세트를 분석하고 고확률 광물 목표를 식별합니다. 초기 예산은 권리 취득에 5만~10만 달러, 초기 탐사 활동에 추가로 5만~10만 달러로 추정됩니다.
이 파트너십은 탐사, 회수 기술 개발, 배터리 수명 연장을 포함하는 Battery X Metals의 배터리 금속 분야 360° 전략과 일치합니다. 네바다는 미국 내 알려진 리튬 매장량의 약 85%를 보유하고 2023년 국내 유일의 리튬 생산지로 선정되었습니다.
Battery X Metals (BATXF) a conclu une coentreprise stratégique avec TerraDX pour lancer une exploration des métaux pour batteries alimentée par intelligence artificielle dans le Nevada. Le protocole d'accord contraignant, effectif à partir du 16 avril 2025, établit un cadre de coentreprise à parts égales (50/50) axé sur la découverte de lithium, cobalt, graphite et autres métaux pour batteries.
La coentreprise utilisera le modèle d'IA propriétaire de TerraDX pour analyser les ensembles de données géologiques et identifier des cibles minérales à haute probabilité. Les budgets initiaux sont estimés entre 50 000 et 100 000 dollars pour l'acquisition des claims et entre 50 000 et 100 000 dollars pour les activités d'exploration en phase précoce.
Le partenariat s'aligne avec la stratégie à 360° de Battery X Metals dans le secteur des métaux pour batteries, qui comprend l'exploration, le développement de technologies de récupération et l'extension de la durée de vie des batteries. Le Nevada a été choisi car il abrite environ 85 % des dépôts connus de lithium aux États-Unis et était le seul producteur national de lithium en 2023.
Battery X Metals (BATXF) ist eine strategische Joint Venture mit TerraDX eingegangen, um eine KI-gestützte Erkundung von Batteriemetallen in Nevada zu starten. Das bindende Memorandum of Understanding (MOU), wirksam ab dem 16. April 2025, legt einen 50/50-Joint-Venture-Rahmen fest, der sich auf die Entdeckung von Lithium, Kobalt, Graphit und anderen Batteriemetallen konzentriert.
Das Joint Venture wird TerraDXs proprietäres KI-Modell nutzen, um geologische Datensätze zu analysieren und Mineralziele mit hoher Wahrscheinlichkeit zu identifizieren. Die Anfangsbudgets werden auf 50.000 bis 100.000 US-Dollar für den Erwerb von Claims und weitere 50.000 bis 100.000 US-Dollar für Frühphasenerkundungsaktivitäten geschätzt.
Die Partnerschaft passt zur 360°-Strategie von Battery X Metals im Bereich der Batteriemetalle, die Erkundung, Entwicklung von Rückgewinnungstechnologien und Verlängerung der Batterielebensdauer umfasst. Nevada wurde ausgewählt, da es etwa 85 % der bekannten Lithiumvorkommen in den USA beherbergt und 2023 der einzige inländische Lithiumproduzent war.
- Strategic 50/50 joint venture leveraging AI technology for mineral exploration
- Access to Nevada's rich lithium deposits (85% of U.S. known reserves)
- Integration with company's existing 360° battery metals strategy
- Clear operational structure with defined budgets and exploration plans
- Significant initial capital requirements with uncertain returns
- Success dependent on unproven AI technology implementation
- Potential dilution risk if funding obligations not met
News Release Highlights:
Battery X Metals and TerraDX to launch AI-powered joint venture for battery metals exploration in Nevada, USA: The proposed JV will use advanced machine learning to identify high-probability targets for lithium, cobalt, graphite, and more.
Strategic move expands Battery X Metals' 360° strategy and provides the Company the opportunity to be at the forefront of AI-driven resource discovery: The partnership complements the Company's integrated approach to exploration, recycling, and battery lifespan extension.
Nevada selected for its resource-rich geology and strategic importance to U.S. battery metal independence: With approximately
85% of the nation's known lithium deposits and100% of commercial U.S. lithium production in 2023, Nevada also hosts Thacker Pass-recognized as the largest measured lithium reserve and resource in the world. These advantages make Nevada an ideal location for AI-accelerated exploration and a cornerstone of domestic critical mineral strategy.
VANCOUVER, BC / ACCESS Newswire / April 25, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:R0W,WKN:A40X9W)("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that, effective April 16, 2025, its wholly-owned subsidiary, Battery X Discoveries Inc. ("Battery X Discoveries"), has entered into a binding memorandum of understanding (the "MOU") with TerraDX Discoveries Inc. ("TerraDX") and MineMind Metals Inc. ("MineMind"), establishing a strategic joint venture framework for collaborative exploration in the state of Nevada, USA using innovative artificial intelligence (AI)-powered mineral targeting technologies.
Battery X Metals' Comprehensive 360° Strategy Across the Battery Metals Value Chain
As previously disclosed in the Company's news release dated February 24, 2025, Battery X Metals is advancing a comprehensive 360° strategy across the battery metals sector. This strategy encompasses the exploration of prospective battery metal properties; the development of proprietary recovery technologies, in collaboration with a globally ranked top 20 university, to recover battery-grade materials from end-of-life batteries; and the development of proprietary software and hardware technology for the rebalancing and lifespan extension of lithium-ion and electric vehicle (EV) batteries.
Battery X Discoveries' strategic agreement with TerraDX, aimed at deploying advanced AI-driven mineral targeting technologies, further strengthens the Company's exploration efforts and reinforces its commitment to innovation across the battery metals value chain.
Convergence of Artificial Intelligence & Battery Metal Exploration
Battery X Discoveries and TerraDX intend to form a dedicated joint venture (the "Battery Metals JV") that will leverage TerraDX's proprietary AI foundation model (the "AI Model") to drive subsurface intelligence and accelerate critical battery metal discoveries in Nevada.
The AI Model is designed to integrate and analyze large, complex geological datasets-often siloed and underutilized-to uncover high-probability mineral targets. This data-driven approach is expected to de-risk early-stage exploration, shorten discovery timelines, and unlock new opportunities for lithium, cobalt, graphite, nickel, and manganese deposits.
The strategic intent is to acquire and explore highly prospective AI-identified mineral claims, using TerraDX's predictive platform to prioritize targets with the strongest potential to deliver meaningful discoveries in support of the clean energy transition.
"This agreement represents a forward-looking step in our 360° strategy to build an integrated battery metals supply chain," said Massimo Bellini Bressi, CEO of Battery X Metals. "Expanding into the U.S. aligns with our long-term vision, and Nevada-given its geological potential and strategic importance-is a natural next frontier for our exploration vertical."
"Our collaboration with Battery X Metals is a compelling opportunity to apply our AI platform in one of the most promising battery metal jurisdictions in the world," said Colby Mintram, CEO of TerraDX. "By harnessing large-scale geoscience data, we aim to identify and accelerate discoveries that might otherwise remain hidden for years."
Over the next quarter, TerraDX will commence training of its proprietary AI model using Nevada-specific geological datasets, with the objective of identifying high-probability mineralization targets. Subject to the availability of sufficient capital resources and the identification of highly prospective claims or projects, the proposed joint venture anticipates proceeding with the staking or acquisition of select properties, with an initial budget estimate of
Nevada's Strategic Role in Advancing U.S. Battery Metal Supply Chain Independence
Nevada is one of the most resource-rich jurisdictions in the United States for critical battery metals, particularly lithium. The state is estimated to hold approximately
According to the U.S. Geological Survey (USGS), commercial-scale lithium production in the United States in 2023 came solely from a continental brine operation in Nevada2 - the Silver Peak facility operated by Albemarle Corporation. This made Nevada the sole domestic producer of lithium that year.
Nevada is also home to Thacker Pass, located within the McDermitt Caldera in Humboldt County. It is recognized as thelargest measured lithium reserve and resource in the world.3
In October 2024, General Motors (GM) announced a
These resource developments align with federal policy initiatives to secure critical mineral supply chains. The Defense Production Act has been invoked to accelerate domestic lithium production and reduce reliance on foreign sources.5
Additionally, the Infrastructure Investment and Jobs Act (IIJA) allocates funding for critical mineral processing, battery material recovery, and lithium-ion battery recycling in the U.S.6 As the United States prioritizes domestic critical mineral development, Battery X Discoveries aims to leverage Nevada's unique geological potential through its strategic agreement with TerraDX. The partnership aims to deploy propriety artificial intelligence (AI) to identify and explore highly prospective critical battery metal projects including lithium, cobalt, graphite, and other battery metal targets across the state.
With vast lithium occurrences, proven production, and a pro-mining regulatory environment, Nevada offers an unparalleled foundation for AI-driven exploration. This strategic agreement reinforces Battery X Metals' integrated 360° strategy across the battery metals value chain-spanning critical battery metal exploration, battery material recovery technology development in partnership with a globally recognized top 20 university, and patent-pending battery lifespan extension technology-and positions the Company at the forefront of next-generation solutions supporting U.S. clean energy and electrification goals.
Terms of the MOU
Pursuant to the MOU, Battery X Discoveries and TerraDX intend to form the Battery Metals JV focused exclusively on the identification, acquisition, and exploration of lithium, cobalt, graphite, nickel, manganese, and other battery metals within the state of Nevada, USA. The MOU also contemplates the formation of a second, separate joint venture between TerraDX and MineMind, which will focus on the exploration and development of gold, base, and other critical metals in Nevada. Both joint ventures will operate independently, with clearly defined mineral scopes and coordination protocols to avoid operational overlap and ensure efficient project execution.
Under the terms of the binding MOU, the Battery Metals JV will be co-owned on a 50/50 basis by Battery X Discoveries and TerraDX. Battery X Discoveries will serve as the operator, assuming responsibility for all permitting, claim acquisition, exploration activities, and on-the-ground operations. The Battery Metals JV will be exclusively focused on the exploration and potential development of battery metals-specifically lithium, cobalt, graphite, nickel, manganese, and other energy storage-related minerals. It will not have rights to explore or develop gold, base, or critical metals, which fall under a separate joint venture established between TerraDX and MineMind. The Battery Metals JV will operate exclusively within the state of Nevada, unless otherwise mutually agreed upon in writing.
TerraDX will deploy its proprietary machine learning model specifically configured for battery metal exploration. The AI-driven platform will analyze geological, geophysical, and geochemical data to generate mineral prospectivity maps and target areas, which will be made available exclusively to the Battery Metals JV. TerraDX will maintain strict separation between the data, outputs, and AI models used in the Battery Metals JV and those developed for its separate joint venture with MineMind.
The Battery Metals JV will be governed by a Management Committee composed equally of representatives from Battery X Discoveries and TerraDX. Additionally, a three-party Coordination Committee-including Battery X Discoveries, TerraDX, and MineMind-will be established to address inter-JV matters, including potential overlaps or shared discoveries involving both battery and non-battery metals. In the event a mineral discovery contains both battery and non-battery metals in commercially viable quantities, the parties have agreed to a defined protocol: a joint evaluation committee will be formed, an independent economic assessment will be conducted, and the parties will determine whether to (i) create a special-purpose JV, (ii) geographically divide the asset, or (iii) implement a royalty-sharing mechanism based on the relative value contribution of each mineral group.
Battery X Discoveries and TerraDX will equally share all funding and operational costs related to the Battery Metals JV. TerraDX may contribute up to
In the event a party fails to meet its funding obligations, its interest in the Battery Metals JV may be diluted in accordance with the agreed dilution formula. If a party's interest falls below
Battery X Discoveries will receive a royalty-free, exclusive license to use TerraDX's proprietary AI platform for the purposes of the Battery Metals JV. TerraDX retains ownership of its core AI technologies, while all exploration data, outputs, and jointly developed mineral targeting derived from the Battery Metals JV will be co-owned by both parties. The MOU is effective for a term of five (5) years and forms the foundation for the negotiation and execution of formal joint venture and intellectual property agreements.
Definitive joint venture agreements and related IP arrangements are expected to follow, aligning with the principles outlined in the MOU.
1 Nevada Independent, 2 USGS Mineral Commodity Summaries 2025 - Lithium, 3 LAC, 4 Reuters - GM Invests
About Battery X Metals Inc.
Battery X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:R0W, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic battery and critical 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.
About TerraDX Discoveries Inc.
TerraDX Discoveries Inc. is a technology company specializing in Machine Learning applications for mineral exploration and subsurface intelligence. The company's proprietary AI Models analyze geological, geochemical, and geophysical data to identify high-potential mineral exploration targets with unprecedented accuracy. For more information, visit terradx.ai
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 plans, objectives, and expectations with respect to the formation and operation of the Battery Metals JV pursuant to the MOU and the Company's broader business strategy. Specific forward-looking statements in this release include, but are not limited to: the intention of the Company to form a joint venture with TerraDX and the proposed structure, governance, capital contributions, and operational scope of the Battery Metals JV; the anticipated deployment, integration, and performance of TerraDX's proprietary AI technology for the identification of high-potential battery metal targets; the expectation that the AI platform will de-risk early-stage exploration, shorten discovery timelines, and unlock new mineral opportunities; the proposed staking or acquisition of select properties in Nevada and the initial and subsequent exploration budgets and activities, including sampling, geophysics, and potential drilling; the execution of definitive joint venture and intellectual property agreements; the strategic rationale for selecting Nevada as a jurisdiction for AI-driven exploration; the ability of the MOU and JV structure to reinforce the Company's 360° battery metals strategy, including exploration, recycling, and battery lifespan extension; the Company's ability to leverage AI to identify and explore lithium, cobalt, graphite, nickel, manganese, and other battery metals; the anticipated roles and responsibilities of Battery X Metals and TerraDX in the JV, including operator status, permitting, claim acquisition, and exploration activities; the licensing of TerraDX's AI platform for JV purposes; and the future outcomes of inter-JV coordination, data sharing, and intellectual property co-ownership protocols. Forward-looking statements are based on the beliefs, assumptions, and expectations of management at the time they are made. These assumptions include, but are not limited to: the successful negotiation and execution of definitive agreements in accordance with the MOU; the availability, quality, and reliability of relevant geological, geophysical, and geochemical data; the successful integration and real-world performance of TerraDX's AI platform; the ability to acquire prospective mineral claims; the availability of sufficient financing and resources to fund JV activities; the receipt of required regulatory and permitting approvals; and favorable exploration outcomes supporting advancement to drilling or development stages. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated in such statements. These risks include, but are not limited to: failure to negotiate and execute definitive agreements; performance limitations or technical issues related to the AI platform; unanticipated exploration or operational challenges; lack of access to required data or capital; changes in regulatory or permitting regimes; fluctuations in commodity prices; and general market or economic conditions. The Company does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable law. Investors are cautioned not to place undue reliance on forward-looking statements and are encouraged to consult the Company's continuous disclosure filings available on SEDAR+ (www.sedarplus.ca) for further risk factors and information.
SOURCE: Battery X Metals
View the original press release on ACCESS Newswire
FAQ
What is the purpose of Battery X Metals' (BATXF) joint venture with TerraDX in Nevada?
How much is Battery X Metals (BATXF) investing in the Nevada exploration project?
What is the ownership structure of the Battery X Metals (BATXF) and TerraDX joint venture?
Why did Battery X Metals (BATXF) choose Nevada for their AI-driven exploration?
