Battery X Metals Expands Lithium Portfolio with Strategic Quebec Acquisition

Battery X Metals Inc. has announced a significant strategic move, forming a critical battery metals exploration subsidiary and expanding its Quebec exploration portfolio with the acquisition of 39 additional mineral claims. This bold initiative underscores the company's commitment to strengthening its position in the burgeoning battery metals market, particularly in the context of the growing demand for lithium, a key component in electric vehicle (EV) batteries.

The acquisition includes 100% ownership of two lithium exploration projects in Nunavik, QC, and Abitibi, QC, covering approximately 7,000 hectares. These projects, the Leaf River Project and the Reservoir-Dozios Project, are strategically located near successful lithium exploration areas, including Eureka Lithium's New Leaf Project and Sayona Mining Limited's Abitibi Lithium Hub. This proximity allows Battery X Metals to leverage existing infrastructure and knowledge, potentially reducing exploration costs and accelerating development timelines.



The acquisition also includes a 49% stake in Li-ion Battery Renewable Technologies Inc. (LIBRT), a company at the forefront of extending lithium-ion battery lifespan. LIBRT's proprietary technology, validated by the National Research Council of Canada (NRC), performs rapid battery health diagnostics and cell rebalancing, extending the lifespan of lithium-ion batteries by 2-3 years. This technology can be integrated with Battery X Metals' exploration efforts, creating synergies that enhance the overall value proposition.

LIBRT's AI-driven platform for preventative maintenance, trained on data from over 300,000 EVs, enables predictive maintenance for Battery Energy Storage Systems (BESS), AI, and Big Data. This investment in AI technology further supports Battery X Metals' commitment to implementing sustainable practices that minimize environmental impact and contribute to a cleaner, greener future.

The experienced management team of LIBRT, led by former BC Hydro & National Research Council executives, brings expertise in China-Canada business development and a focus on the clean energy sector. This expertise aligns with Battery X Metals' broader investment strategy in the clean energy sector, as it provides the company with the necessary knowledge and skills to navigate the complex landscape of the clean energy industry and capitalize on emerging opportunities.

The acquisition of 39 additional mineral claims in Quebec enhances Battery X Metals' strategic position in the battery metals market by expanding its lithium exploration projects, leveraging proximity to key mining projects, creating synergies with LIBRT's technology, and providing diversification opportunities for future growth. This move aligns with the company's broader investment strategy in the clean energy sector, positioning it as a leader in the transition to a sustainable future.