Battery X Metals Announces Commencement of Exploration Program on Precious Metal and Critical Mineral Property in Red Lake, Ontario
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Battery X Metals Announces Commencement of Exploration Program on
Precious Metal and Critical Mineral Property in Red Lake, Ontario
VANCOUVER, British Columbia – April 4, 2024 – Battery X Metals Inc. (CSE:BATX) (OTCQB:BATXF)
(FSE:R0W, WKN:A3EMJB) ("Battery X Metals" or the "Company") is pleased to announce it has
commenced an exploration program at its Belanger Project in Ontario. The Belanger Project's known
gold and copper assets align perfectly with the current market dynamics where both gold and copper
are experiencing significant demand — gold as a resilient investment asset and copper as a critical
component in the electric vehicle (EV) battery and renewable energy sectors.
Belanger Property Location
The Belanger Project, located in one of Canada’s most prolific gold mining districts, Red Lake, Ontario, is
historically known for significant findings of gold, becomes even more pivotal in light of recent
developments in the gold market. On April 3, 2024, the price of gold reached a new record high of USD
$2,320 per ounce, representing a 25% increase in the last 6 months, capturing the attention of investors
worldwide and underscoring the strategic value of Battery X Metals' exploration efforts.
The recent surge in gold prices has sparked a lively debate among investors about the opportune
moment to invest in this precious metal. According to a recent report, the allure of gold's steady value
increase is undeniable.1 This context highlights the strategic importance of Battery X Metals' exploration
work, as the discovery of new gold deposits could offer fresh opportunities in a market hungry for this
precious metal.
Furthermore, as the world grapples with the demands of the clean energy transition, the role of critical
minerals like copper has never been more pronounced. The International Energy Agency (IEA)
underscores this, noting that "demand for critical minerals more than doubles by 2030" in scenarios
aiming for net-zero emissions by 2050.1 Battery X Metals' exploration initiatives at the Belanger Project
are a direct response to this call for action, aiming to secure vital resources for the future.
The exploration team, set to start fieldwork imminently, will delve into mapping and sampling the
property, building on the historical evidence of its mineralization. In addition to targeting historic
trenches for channel sampling, the exploration plan includes extensive prospecting, mapping, and
sampling efforts.
Corporate Awareness Provider Update
Further to the Company's news release dated February 22, 2024, that it has engaged certain investor
relations providers, the Company notes that these services have not yet commenced.
1 CBS News
2 IEA 50
About Battery X Metals Inc.
Battery X Metals Inc. (CSE:BATX) (OTCQB:BATXF) (FSE:R0W, WKN:A3EMJB) is focused on the exploration
and acquisition of critical mineral and precious metal property assets in North America, and the
development of battery recycling technology to support the growing demand for sustainable and
environmentally friendly energy solutions. The Company’s 100% owned Y Lithium Project is situated in
Northern Saskatchewan and the Company also holds ownership of the Belanger Project, a precious
metal and critical mineral property located in one of Canada’s most prolific gold mining districts, Red
Lake, Ontario. Additionally, the Company’s wholly-owned subsidiary, Battery X Recycling Technologies
Inc., is dedicated to developing innovative technologies to recover high-value battery metals and
facilitating urban mining from end-of-life lithium-ion batteries.
On Behalf of the Board of Directors
Mark Brezer, Director
For further information, please contact:
Mark Brezer
Chief Executive Officer
Email: [email protected]
Tel: (604) 741-0444
Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this release).
Forward-Looking Information
This news release includes certain statements and information that may constitute forward -looking
information within the meaning of applicable Canadian securities laws. Forward-looking statements relate
to future events or future performance and reflect th e expectations or beliefs of management of the
Company regarding future events. Generally, forward -looking statements and information can be
identified by the use of forward -looking terminology such as “intends” or “anticipates”, or variations of
such words and phrases or statements that certain actions, events or results “may”, “could”, “should”,
“would” or “occur”. This information and these statements, referred to herein as “forward‐looking
statements”, are not historical facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to
management's expectations and intentions with respect to , among other things, the closing of the
transaction, expected benefits of the transaction, dates related to the signing of the definitive agreement
and closing of the transaction, and ability to enter into agreements with Executives and Key Personnel.
In making the forward-looking statements in this news release, the Company has applied several material
assumptions, including without limitation, the assumption that the Company will be able to enter into and
close a definitive agreement related to the transaction, obtain all approvals thereof necessary to close,
and receive expected benefits and achieve anticipated integration post-transaction.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers shou ld not
place undue reliance on forward -looking statements and forward -looking information. Readers are
cautioned that reliance on such information may not be appropriate for other purposes. The Company
does not undertake to update any forward -looking statement, forward-looking information or financial
out-look that are incorporated by reference herein, except in accordance with applicable securities laws.