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Battery X Metals Closes Acquisition of All Remaining Shares of Lithium-Ion Battery Diagnostics and Rebalancing Technology Company

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Battery X Metals (OTCQB:BATXF) has completed the acquisition of the remaining 51% stake in Li-ion Battery Renewable Technologies Inc. (LIBRT) on March 28, 2025, through the issuance of 3,030,296 common shares. This follows their initial 49% acquisition in 2024.

LIBRT has achieved significant milestones, including technology development progress, strengthening partnerships with Beijing Pengneng Science & Technology, and advancing their Diagnostic and Rebalancing Machine Prototype 2.0, set for April 2025 delivery. The company has also initiated provisional patent filings for its proprietary technology.

Of the issued shares, 1,818,176 shares allocated to LIBRT management are subject to a 12-month voluntary release escrow, while 1,212,120 shares have no restrictions. The acquisition aligns with Battery X Metals' strategy of developing a vertically integrated battery supply chain through three core verticals: critical battery metal exploration, material recovery technologies, and battery diagnostics solutions.

Battery X Metals (OTCQB:BATXF) ha completato l'acquisizione della restante partecipazione del 51% in Li-ion Battery Renewable Technologies Inc. (LIBRT) il 28 marzo 2025, attraverso l'emissione di 3.030.296 azioni ordinarie. Questo segue la loro iniziale acquisizione del 49% nel 2024.

LIBRT ha raggiunto traguardi significativi, inclusi progressi nello sviluppo tecnologico, rafforzamento delle partnership con Beijing Pengneng Science & Technology e avanzamento del loro Prototipo 2.0 della Macchina Diagnostica e di Ribilanciamento, previsto per la consegna ad aprile 2025. L'azienda ha anche avviato la registrazione di brevetti provvisori per la sua tecnologia proprietaria.

Tra le azioni emesse, 1.818.176 azioni destinate alla gestione di LIBRT sono soggette a un'escrow di rilascio volontario di 12 mesi, mentre 1.212.120 azioni non hanno restrizioni. L'acquisizione si allinea con la strategia di Battery X Metals di sviluppare una catena di approvvigionamento di batterie verticalmente integrata attraverso tre settori principali: esplorazione di metalli critici per batterie, tecnologie di recupero dei materiali e soluzioni diagnostiche per batterie.

Battery X Metals (OTCQB:BATXF) ha completado la adquisición del 51% restante en Li-ion Battery Renewable Technologies Inc. (LIBRT) el 28 de marzo de 2025, a través de la emisión de 3.030.296 acciones ordinarias. Esto sigue a su adquisición inicial del 49% en 2024.

LIBRT ha alcanzado hitos significativos, incluidos avances en el desarrollo tecnológico, fortalecimiento de alianzas con Beijing Pengneng Science & Technology y el avance de su Prototipo 2.0 de Máquina de Diagnóstico y Reequilibrio, programado para entrega en abril de 2025. La empresa también ha iniciado solicitudes de patente provisionales para su tecnología patentada.

De las acciones emitidas, 1.818.176 acciones asignadas a la gestión de LIBRT están sujetas a un escrow de liberación voluntaria de 12 meses, mientras que 1.212.120 acciones no tienen restricciones. La adquisición se alinea con la estrategia de Battery X Metals de desarrollar una cadena de suministro de baterías verticalmente integrada a través de tres verticales clave: exploración de metales críticos para baterías, tecnologías de recuperación de materiales y soluciones de diagnóstico de baterías.

Battery X Metals (OTCQB:BATXF)는 2025년 3월 28일 Li-ion Battery Renewable Technologies Inc. (LIBRT)의 나머지 51% 지분을 3,030,296주를 발행하여 인수 완료했습니다. 이는 2024년에 49%를 처음 인수한 것에 이어진 것입니다.

LIBRT는 기술 개발 진전, Beijing Pengneng Science & Technology와의 파트너십 강화, 2025년 4월 배송 예정인 진단 및 재조정 기계 프로토타입 2.0의 발전 등 중요한 이정표를 달성했습니다. 또한 회사는 자사 기술에 대한 임시 특허 출원을 시작했습니다.

발행된 주식 중 1,818,176주는 LIBRT 관리팀에 배정되었으며 12개월 자발적 해제 에스크로에 따라 제한이 있으며, 1,212,120주는 제한이 없습니다. 이 인수는 Battery X Metals의 전략과 일치하며, 세 가지 핵심 수직 분야인 중요한 배터리 금속 탐사, 소재 회수 기술 및 배터리 진단 솔루션을 통해 수직 통합된 배터리 공급망을 개발하는 것을 목표로 하고 있습니다.

Battery X Metals (OTCQB:BATXF) a finalisé l'acquisition des 51% restants de Li-ion Battery Renewable Technologies Inc. (LIBRT) le 28 mars 2025, par l'émission de 3.030.296 actions ordinaires. Cela fait suite à leur acquisition initiale de 49% en 2024.

LIBRT a atteint des jalons significatifs, y compris des progrès dans le développement technologique, le renforcement des partenariats avec Beijing Pengneng Science & Technology, et l'avancement de leur Prototypage 2.0 de Machine de Diagnostic et de Rééquilibrage, prévu pour livraison en avril 2025. L'entreprise a également lancé des dépôts de brevets provisoires pour sa technologie propriétaire.

Parmi les actions émises, 1.818.176 actions allouées à la direction de LIBRT sont soumises à un escrow de libération volontaire de 12 mois, tandis que 1.212.120 actions n'ont aucune restriction. L'acquisition s'inscrit dans la stratégie de Battery X Metals de développer une chaîne d'approvisionnement de batteries intégrée verticalement à travers trois secteurs clés : l'exploration de métaux critiques pour batteries, les technologies de récupération de matériaux et les solutions de diagnostic de batteries.

Battery X Metals (OTCQB:BATXF) hat am 28. März 2025 die Übernahme der verbleibenden 51% Beteiligung an Li-ion Battery Renewable Technologies Inc. (LIBRT) durch die Ausgabe von 3.030.296 Stammaktien abgeschlossen. Dies folgt auf ihre ursprüngliche 49%ige Übernahme im Jahr 2024.

LIBRT hat bedeutende Meilensteine erreicht, darunter Fortschritte in der Technologieentwicklung, die Stärkung von Partnerschaften mit Beijing Pengneng Science & Technology und die Weiterentwicklung ihres Prototyps 2.0 der Diagnose- und Rebalancierungmaschine, der für die Lieferung im April 2025 geplant ist. Das Unternehmen hat auch vorläufige Patentanmeldungen für seine proprietäre Technologie eingereicht.

Von den ausgegebenen Aktien sind 1.818.176 Aktien, die für das Management von LIBRT vorgesehen sind, einer 12-monatigen freiwilligen Freigabe-Escrow unterworfen, während 1.212.120 Aktien ohne Einschränkungen sind. Die Übernahme steht im Einklang mit der Strategie von Battery X Metals, eine vertikal integrierte Batterie-Lieferkette durch drei Kernbereiche zu entwickeln: Exploration kritischer Batteriemetalle, Materialrückgewinnungstechnologien und Batteriediagnoselösungen.

Positive
  • Full ownership acquisition of LIBRT's proprietary battery technology
  • Progress in Diagnostic and Rebalancing Machine Prototype 2.0 development
  • Strategic patent filing initiatives for proprietary technology
  • Strengthened partnership with Beijing Pengneng Science & Technology
Negative
  • Share dilution through issuance of 3,030,296 new common shares

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESS Newswire / March 31, 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, further to the Company's news release dated March 20, 2025, it has completed, effective March 28, 2025, the acquisition of the remaining 51% of the common shares of Li-ion Battery Renewable Technologies Inc. ("LIBRT") pursuant to the exercise of its Call Right, as defined therein, from the LIBRT shareholders in consideration for 3,030,296 common shares (the "Shares") of the Company (the "Acquisition"). No finder's fees are payable in connection with the Acquisition.

Since acquiring its initial 49% interest in 2024, as disclosed in the Company's news releases dated September 27, 2024, and October 2, 2024, LIBRT has reached key milestones in technology development, strengthened its partnership with Beijing Pengneng Science & Technology Ltd. through a Second Amended Agreement, and significantly progressed the design, development, and production of its Diagnostic and Rebalancing Machine Prototype 2.0, scheduled for delivery in April 2025. LIBRT has also retained a leading patent law firm to file provisional patents for its proprietary lithium-ion battery diagnostic and rebalancing technology.

In light of these milestones, Battery X Metals determined that consolidating full ownership of LIBRT would support its long-term strategic vision, as outlined in the Company's roadmap shared in its February 24, 2025 news release.

This Acquisition aligns with the Company's commitment to developing a vertically integrated and sustainable battery supply chain through its three core verticals: critical battery metal exploration, proprietary material recovery technologies, and battery diagnostics and rebalancing solutions. Battery X Metals plans to advance its exploration portfolio with the goal of discovering new sources of key minerals, thereby supporting long-term supply for the battery industry. In parallel, the Company is developing eco-friendly battery-grade material recovery technologies that avoid traditional smelting and leaching methods, instead reclaiming critical battery materials from end-of-life lithium-ion batteries through low-impact processes. Complementing these efforts, LIBRT's proprietary rebalancing technology is designed to extend the lifespan of EV and lithium-ion batteries-reducing waste and demand for raw materials. Together, these three pillars position Battery X Metals to address material shortages while enabling a more circular and sustainable battery ecosystem.

"The consolidation of LIBRT marks a pivotal moment for Battery X Metals as we execute on our vision of building a fully integrated and sustainable battery technology platform," said Massimo Bellini Bressi, CEO of Battery X Metals. "With LIBRT's cutting-edge diagnostics and rebalancing capabilities, we're not only addressing battery material scarcity-but also shaping a smarter, cleaner future for the lithium-ion and EV battery industry."

With full ownership of LIBRT, Battery X Metals continues to strengthen its foundation for sustainable innovation and long-term growth. The Company's diversified 360° approach to the battery metals industry includes:

  • Expanding and advancing a portfolio of critical battery metal exploration properties across North America;

  • Developing eco-friendly, proprietary battery-grade material recovery technology- in partnership with a globally top-20 ranked mining engineering university- to extract critical battery materials from end-of-life lithium-ion batteries; and

  • Pioneering lithium-ion battery diagnostic and rebalancing technologies designed to extend the life and performance of electric vehicle (EV) and energy storage batteries.

Battery X Metals remains committed to supporting the global energy transition and building a circular economy for the battery industry.

Terms of the Acquisition
Of the 3,030,296 Shares of the Company to be issued on closing of the Acquisition, 1,818,176 Shares to be issued to management and key personnel of LIBRT are subject to a 12-month voluntary release escrow on a pro rata basis. This restriction will be implemented through the use of restrictive legends imprinted on the share certificates or DRS statements, as applicable, following closing. Certificates and DRS statements (as applicable) for these escrowed shares will be separated into 12 separate certificates or statements, which will be delivered at closing to each applicable vendor. Each certificate or statement, except for the first, which will not be subject to a restrictive legend, will carry a distinct hold period expiring in consecutive 30-day intervals, resulting in a total of 12 release periods from March 28, 2025. The remaining 1,212,120 Shares issued on closing are not subject to any restrictions. Additionally, each vendor has agreed not to sell, transfer, assign, or dispose of any Shares exceeding 10% of the daily trading volume on the CSE unless otherwise approved in writing by the Company.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.

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 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 Li-ion Battery Renewable Technologies Inc.
Li-ion Battery Renewable Technologies Inc. is a development-stage battery technology company based in Vancouver, BC, focused on becoming a leader in lithium-ion battery diagnostics and renewal technologies. LIBRT utilizes innovative and proprietary technology to diagnose and extend the lifespan of electric vehicle (EV) batteries. Its battery cell rebalancing technology addresses capacity degradation caused by cell imbalances, helping to extend battery life, reduce the need for costly replacements, keep batteries out of landfills, and minimize the demand for mining critical metals. Additionally, LIBRT is developing advanced diagnostic equipment for EV battery services.

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" and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking statements"). Forward-looking statements are not historical facts and are typically identified by words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "potential," "scheduled," or similar expressions suggesting future outcomes. These statements include, but are not limited to, statements regarding: the anticipated benefits of the Acquisition of Li-ion Battery Renewable Technologies Inc. ("LIBRT"), the Company's strategic plans and vision, the development, performance, and delivery timeline of LIBRT's Diagnostic and Rebalancing Machine Prototype 2.0, the filing of intellectual property and patents, the potential environmental and industry impact of LIBRT's proprietary technologies, and the Company's broader strategy to develop a vertically integrated, eco-friendly battery supply chain across its core business verticals. Forward-looking statements are based on management's current beliefs, expectations, and assumptions, including, but not limited to: the ability to integrate LIBRT successfully, ongoing development and deployment of LIBRT's technologies, timely delivery of Prototype 2.0, successful protection of intellectual property, and favorable market and regulatory conditions. However, these forward-looking statements involve risks and uncertainties, many of which are beyond the Company's control. Actual results may differ materially from those expressed or implied due to various factors, including but not limited to: regulatory approvals and changes, integration risks related to the Acquisition, delays or challenges in technological development, uncertainty around intellectual property filings and protections, market demand for battery technologies, general economic conditions, geopolitical developments, and risks related to the battery metals and clean technology sectors. Readers are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements contained in this release are made as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law. For additional information on risks and uncertainties, readers should consult the Company's public filings available on SEDAR+ at www.sedarplus.ca.

SOURCE: Battery X Metals



View the original press release on ACCESS Newswire

FAQ

What is the significance of Battery X Metals (BATXF) acquiring the remaining 51% of LIBRT?

The acquisition gives Battery X Metals full ownership of LIBRT's battery diagnostic and rebalancing technology, strengthening their position in sustainable battery solutions and supporting their integrated battery supply chain strategy.

How many shares did Battery X Metals (BATXF) issue for the LIBRT acquisition?

Battery X Metals issued 3,030,296 common shares, with 1,818,176 shares subject to a 12-month escrow period and 1,212,120 shares having no restrictions.

What are the key developments at LIBRT since Battery X Metals' initial investment?

LIBRT has advanced its technology development, strengthened partnership with Beijing Pengneng Science & Technology, progressed on Prototype 2.0 development, and initiated provisional patent filings.

When will LIBRT's Diagnostic and Rebalancing Machine Prototype 2.0 be delivered?

The Prototype 2.0 is scheduled for delivery in April 2025.

What are the trading restrictions on the newly issued BATXF shares?

Shareholders cannot sell more than 10% of daily trading volume on CSE without company approval, and management shares are subject to a 12-month staged release.
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