Mr. Massimo Bellini Bressi reports

BATTERY X METALS ANNOUNCES PRIVATE PLACEMENT FINANCING TO ADVANCE CORPORATE GROWTH AND STRATEGIC INITIATIVES TO STRENGTHEN FINANCIAL POSITION AND ENHANCE CAPITAL MARKETS PRESENCE

Battery X Metals Inc. has taken a series of strategic initiatives intended to advance the company's corporate growth objectives, strengthen its balance sheet, and enhance its capital market presence and corporate awareness.

Private placement to advance strategic corporate growth initiatives

The company announces a proposed non-brokered private placement financing, consisting of the issuance of an aggregate of up to 1,176,471 units of the company, at a price of $2.55 per unit for aggregate gross proceeds of up to $3-million.

Each unit will consist of one common share in the capital of the company and one transferable common share purchase warrant of the company, with each warrant entitling the holder to acquire one additional share at a price of $3 per warrant share for a period of 24 months from the date of closing.

Closing of the private placement is anticipated to close on or about Jan. 16, 2026, and is subject to compliance with the policies of the Canadian Securities Exchange.

The net proceeds of the private placement are intended to be allocated toward advancing the company's business initiatives, including expenses related to corporate development and regulatory matters in connection with strategic capital market initiatives, the payment of outstanding payables and indebtedness, corporate awareness, and general working capital purposes. These proceeds are expected to support the company's integrated 360-degree strategy across the battery metal value chain, encompassing exploration, rebalancing and recycling, and the continued advancement of next-generation solutions that contribute to the global clean energy transition. The securities issued under the private placement will be subject to a statutory hold period expiring four months and one day from the date of issuance.

Initiative to strengthen financial position

The company announces that it intends to settle outstanding indebtedness in an aggregate amount of up to $850,000 owing to certain creditors of the company. The debt settlement is anticipated to be satisfied through the issuance of an aggregate of 188,889 common shares of the company at a deemed price of $4.50 per debt share. The securities issued under the debt settlement will be subject to a statutory hold period expiring four months and one day from the date of issuance. Closing of the debt settlement is expected to occur on or around Jan. 16, 2026.

Amendment to corporate awareness engagement

The company announces that, further to its news release dated Nov. 21, 2025, it has increased the budget of its previously announced corporate awareness engagement with bullVestor Medien GmbH to provide marketing services for a period of three months, commencing on Nov. 21, 2025.

bullVestor is arm's length to the company. Under the terms of the engagement, bullVestor will be responsible for strategic planning, and procurement and implementation of native advertising campaigns across premium financial advertising networks, as well as overseeing progress and reporting on results throughout the campaign. The objective of the engagement is to increase awareness of the company and its business among the German investment community.

The company has agreed to pay bullVestor an additional fee of 80,000 euros (approximately $129,000), payable on or before Jan. 7, 2026. As previously disclosed, the original fee paid by the company was 150,000euros (approximately $245,000). No stock options have been granted to bullVestor under the terms of the engagement. To the knowledge of the company, as of the date of this announcement, bullVestor and its principals do not, directly or indirectly, own any common shares or other securities of the company.

Insiders may participate in the private placement and debt settlement, and such participation may constitute a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the debt settlement by insiders will not exceed 25 per cent of the fair market value of the company's market capitalization.

About Battery X Metals Inc.

Battery X Metals 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-degree approach to the battery metal industry, the company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials.

We seek Safe Harbor.