Mr. Massimo Bellini Bressi reports

BATTERY X METALS ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Battery X Metals Inc. has closed the first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of $135,000. Pursuant to the private placement, the company has issued 1.35 million units at a price of 10 cents per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant is exercisable into one share at an exercise price of 10 cents until Sept. 3, 2026. The rest of the private placement may close in one or more additional tranches.

The company intends to use approximately $60,000 of the proceeds raised from the private placement for general working capital purposes and approximately $75,000 for current and anticipated payables.

The securities issued under the private placement will be subject to a statutory hold period in accordance with applicable securities laws of four months and one day from the date of issue, expiring Jan. 4, 2025. No finders' fees will be paid in connection with the private placement.

About Battery X Metals Inc.

Battery X is dedicated to advancing the clean energy transition through the development of proprietary lithium-ion-battery technologies and exploring domestic battery and critical metal resources. The company and its portfolio companies focus on testing and extending electric vehicle battery lifespan, recovering valuable battery metals from end-of-life lithium-ion batteries and exploring domestic battery and critical metal resources.

Battery X owns 49 per cent of Lithium-ion Battery Renewable Technologies Inc., which develops technology to improve EV battery longevity and health diagnostics. LIBRT holds the exclusive North American licence for BatteryMap AI, an artificial intelligence model with a comprehensive patent portfolio for precise battery monitoring and prediction, extensively trained on vast amounts of real-world data.

The company's wholly owned subsidiary, Battery X Recycling Technologies Inc., in collaboration with the University of British Columbia, pioneers advanced EV battery metal recovery technologies. With a focus on recovering battery-grade metals, including lithium, nickel, cobalt, manganese, copper and graphite, from the residual material of shredded lithium-ion batteries known as black mass, utilizing an ecofriendly proprietary froth flotation separation process.

Battery X's Y lithium project in Northern Saskatchewan spans 5,855 hectares and shows significant potential for lithium-cesium-tantalum pegmatites. The company also owns the Nunavik, Que., Leaf River project and the Abitibi, Quebec, Reservoir-Dozios project, each covering approximately 3,500 hectares and located near key lithium exploration sites. Additionally, Battery X's Belanger property is located in one of Canada's most prolific gold mining districts, Red Lake, Ont. Battery X also holds an equity stake in Premier Silver Corp., which owns the Mallay mine and processing plant in Peru. This diversification enhances Battery X's portfolio, offering opportunities in both battery and precious metal sectors.

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