Mr. Massimo Bellini Bressi reports

BATTERY X METALS ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT TO ADVANCE CORPORATE GROWTH INITIATIVES

Further to the news releases dated May 22, 2026, and June 5, 2026, Battery X Metals Inc. has closed the second tranche of its previously announced non-brokered private placement, through the issuance of 41,185 units of the company at a price of $2.75 per unit, for aggregate gross proceeds of $113,260.95. Each unit consists of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of $3 per warrant share, exercisable until Aug. 12, 2028.

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 markets initiatives, the payment of outstanding and future payables and indebtedness, corporate awareness initiatives, 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 Dec. 13, 2026.

Together with the closing of the first tranche of the private placement, the company has raised aggregate gross proceeds of $713,261.45 through the issuance of an aggregate of 259,367 units pursuant to the private placement.

The remaining portion of the private placement is expected to close, in whole or in part, in one or more additional tranches on or before Sept. 4, 2026, subject to compliance with the policies of the Canadian Securities Exchange. There can be no assurance that any additional tranche of the private placement will be completed, in whole or in part, or within the time frame currently anticipated.

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, extending the lifespan of lithium-ion batteries, and the recovery and recycling of battery materials. As global electric vehicle adoption continues to grow and demand for battery life cycle solutions increases, the company is advancing its patent-pending lithium-ion-battery rebalancing technology, which recovered approximately 99 per cent of capacity lost due to cell imbalance in a technology demonstration conducted in collaboration with the National Research Council of Canada, with the NRC validating the initial and final state of charge of the cells.

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