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Battery X Metals Inc (2)
Symbol BATX
Shares Issued 45,493,962
Close 2025-01-06 C$ 0.21
Market Cap C$ 9,553,732
Recent Sedar Documents

Battery X samples 11.8 g/t Au, 4.59% Cu at Belanger

2025-01-06 19:21 ET - News Release

Mr. Massimo Bressi reports

BATTERY X METALS ANNOUNCES EXPLORATION RESULTS

Battery X Metals Inc. has released the results of its 2024 exploration program conducted on the Belanger project, located in Ontario's Birch-Uchi greenstone belt near Red Lake. The program, designed to evaluate the property's gold and base metal potential, included prospecting, rock sampling and lake sediment sampling.

The Belanger project, located in Ontario's Birch-Uchi greenstone belt near Red Lake, spans 109 unpatented mining claims across Belanger, Bowerman, Knott and Mitchell townships. The company has the option to acquire a 100-per-cent interest in the Belanger project pursuant to the terms of an option agreement dated Nov. 30, 2023, as amended, subject to a 3-per-cent net smelter returns royalty. To exercise the option and acquire the Belanger project, the company is required to pay three remaining cash payments of $5,500 each on or before Feb. 28, 2025, April 30, 2025, and June 30, 2025 (for an aggregate total of $16,500).

The Belanger project features prospective geology, including metavolcanics, felsic intrusions and shear zones, with historical mineralization confirmed at multiple zones. The Belanger project is accessible year-round via logging roads, with nearby infrastructure supporting exploration and potential future development.

Summary of exploration results:

Williamson zone:

  • Gold (Au): 11.8 g/t;
  • Copper (Cu): 4.59 per cent;
  • Silver (Ag): 59.7 ppm (parts per million);
  • Additional elements include bismuth (696 ppm), tellurium (13 ppm) and tungsten (988 ppm).

New gold discovery (700 metres northeast of Williamson zone):

  • Gold (Au): 1.74 g/t from rusty mafic volcanics with quartz veinlets.

South Bay Road (Km 63):

  • Gold (Au): 1.52 g/t;
  • Copper (Cu): 0.7 per cent;
  • Zinc (Zn): 0.7 per cent from sheared intermediate intrusive rocks.

Joey prospect area

A newly identified occurrence returned:

  • Gold (Au): 135 ppb;
  • Copper (Cu): 0.15 per cent;
  • Zinc (Zn): 484 ppm.

Hemming zone:

  • Quartz veins in historical trenches returned:
  • Gold (Au): 1.52 g/t;
  • Silver (Ag): 13.9 ppm;
  • Lead (Pb): 781 ppm.

Discussion of findings: The exploration program confirmed historical mineralization while identifying several new zones of gold and base metal potential. These results align with the geological characteristics of the Birch-Uchi greenstone belt, known for hosting mineral deposits.

Foundations for clean energy and strategic metals

Battery X Metals is dedicated to advancing the global clean energy transition by developing technologies that diagnose and extend the life span of electric vehicle (EV) batteries, recover battery-grade materials from end-of-life lithium-ion batteries, and acquire and explore battery and critical metal assets. As demand for these metals intensifies, the company is committed to implementing sustainable practices that minimize environmental impact. Through a comprehensive approach encompassing lithium-ion battery recycling, life span extension, and battery and critical mineral exploration, Battery X Metals aims to set new industry standards, contributing to a cleaner, greener future.

Qualified person and disclosure statement

Jason Arnold, PGeop, president of DCX Geological Consulting and an independent qualified person as such term is defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the geological information reported in this news release. The information provides an indication of the exploration potential of the Belanger project but may not be representative of expected results. The qualified person has verified the data disclosed in this release, including sampling procedures, assay results and interpretation of results.

About Battery X Metals Inc.

Battery X Metals is committed to advancing the global clean-energy transition through the development of proprietary technologies and domestic battery metal and critical metal resource exploration. The company focuses on extending the lifespan of electric vehicle (EV) batteries, through its portfolio company, LIBRT1, recovering battery-grade metals from end-of-life lithium-ion batteries, and the acquisition and exploration of battery metal and critical metal resources.

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