Battery X Metals: Advancing Exploration and Warrant Update

Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXD)(FSE:R0W, WKN:A3EMJB), an energy transition resource exploration and technology company, has recently announced two significant developments: the engagement of an arms-length geological consulting firm and an update on its warrant expiry dates. These moves underscore the Company's commitment to advancing its core battery and critical mineral exploration projects while maintaining a strong focus on shareholder value.



Engagement of Geological Consulting Firm

Battery X Metals has engaged a geological consulting firm to conduct property evaluations and preliminary work programs for its core battery and critical mineral exploration projects. The scope of the engagement includes assessing claim status and annual costs, providing a geological overview of the properties, reviewing historical work completed, and recommending 2025 field programs to advance strategic exploration initiatives. This engagement highlights the Company's dedication to maximizing the value of its exploration portfolio while remaining mindful of market conditions, financial resources, and practical business considerations.

The Company's exploration projects include 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. By engaging this geological consulting firm, Battery X Metals is taking a proactive step to unlock the full potential of its exploration projects and advance them more efficiently.

Warrant Update

Battery X Metals also announced 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"). This acceleration was triggered by the Company's stock price closing at or above $0.31 for a period of 10 consecutive trading days, in accordance with the certificates representing the Repriced Warrants and the policies of the CSE.

The new expiry date for the Repriced Warrants is March 2, 2025, after 180,000 Repriced Warrants were exercised on January 23, 2025. Warrant holders are encouraged to exercise their Repriced Warrants prior to the new expiry date to avoid potential losses. For additional information or assistance, warrant holders are advised to contact the Company directly.



Battery X Metals' commitment to advancing domestic battery and critical metal resource exploration aligns with the growing demand for sustainable energy solutions and the energy transition. By exploring and developing these projects, the Company is contributing to the domestic supply of critical metals and promoting a more sustainable and circular economy. The engagement of the geological consulting firm and the warrant update demonstrate the Company's proactive approach to maximizing shareholder value while advancing its exploration projects.

In conclusion, Battery X Metals' recent announcements highlight the Company's dedication to advancing its core battery and critical mineral exploration projects and maintaining a strong focus on shareholder value. The engagement of the geological consulting firm and the warrant update are both positive developments that underscore the Company's commitment to its exploration portfolio and its shareholders. As the energy transition continues to gain momentum, Battery X Metals is well-positioned to capitalize on the growing demand for sustainable energy solutions and critical metals.