Battery X Metals Advances 2025 Critical Metals Exploration Strategy, Initiates NI 43-101 Report for Y Lithium Project, and Strengthens Financial Position

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BaƩery X Metals Advances 2025 CriƟcal Metals ExploraƟon Strategy, IniƟates NI

43-101 Report for Y Lithium Project, and Strengthens Financial PosiƟon

VANCOUVER, Bri Ɵsh Columbia – August 1, 2025 – BaƩery X Metals Inc.

(CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W) (“BaƩery X Metals ” or the “ Company”) an energy

transiƟon resource exploraƟon and technology company, announces that, its wholly-owned subsidiary, YY

Resources Inc. (“YY Resources”) has completed a high-resoluƟon LiDAR (Light DetecƟon and Ranging) and

orthophoto survey program (the “LiDAR Survey”) at its Y Lithium Project (the “Y Lithium Project”) located

in northern Saskatchewan, near Bailey Lake. An assessment report (the “ Assessment Report”) has been

submiƩed to the Saskatchewan Ministry of Energy and Resources, and the Company has engaged an

arm’s-length geological consul Ɵng firm (the “ Geological Consul Ɵng Firm ”) to prepare a Na Ɵonal

Instrument 43-101 (“NI 43-101”) technical report on the Y Lithium Project.

Battery X Metals’ Comprehensive 360° Strategy Across the Battery Metals Value Chain

As previously disclosed in the Company’s news release dated February 24, 2025, Ba Ʃery X Metals is

advancing a comprehensive 360° strategy across the baƩery metals sector. This strategy encompasses the

exploraƟon of prospec Ɵve ba Ʃery metal proper Ɵes; the development of proprietary recovery

technologies pursued through a prior research collabora Ɵon with a globally ranked top 20 university to

recover ba Ʃery-grade materials from end-of- life ba Ʃeries;1 and the development and future

commercializaƟon of patent-pending soŌware and hardware technology for the extension of remaining

useful lifespan of electric vehicle baƩeries.

The Company’s strategic explora Ɵon iniƟaƟves during the 2025 season are intended to focus its efforts

and reinforce its commitment to innovaƟon across the baƩery metals value chain.

The Y Lithium Project is located in a remote and underexplored region near Bailey Lake, approximately 160

kilometers northeast of Stony Rapids and 10 kilometers south of the Saskatchewan/Northwest Territories

border. The project comprises four mineral clai ms across two dis Ɵnct blocks, covering a total area of

approximately 5,856 hectares. It forms a core part of BaƩery X Metals’ 2025 exploraƟon strategy targeƟng

high-potenƟal lithium-bearing projects in North America. Notably, the Bailey Lake lithium occurrence is

situated approximately 10 kilometers east of the Y Lithium Project’s central claim area.

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To support the evaluaƟon and advancement of the Y Lithium Project’s cri Ɵcal baƩery metal potenƟal, YY

Resources has engaged the Geological ConsulƟng Firm to commission a NI 43-101 technical report. The NI

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43-101 technical report is expected to provide a formal geological assessment of the property and serve

as the foundaƟon for future exploraƟon planning, technical disclosure, and poten Ɵal development. The

esƟmated cost of the report is approximately $7,000, plus applicable taxes, and may be subject to

addiƟonal fees related to travel, further revisions, or supplementary technical analysis, as required.

The comple Ɵon of the LiDAR Survey represents a key milestone in the Company’s 2025 exploraƟon

program. The total cost of the survey was $56,400 plus applicable taxes, which has been fully paid.

Notably, the LiDAR Survey qualifies for a 1.5x exploraƟon expenditure credit under Saskatchewan’s mineral

exploraƟon incenƟve program. As a result, YY Resources is able to apply a total of $116,348 in assessment

credits on the Y- Lithium Project, effecƟvely reducing its annual explora Ɵon expenditures and improving

capital efficiency. This allows for a strategic reallocaƟon of resources toward potenƟal future exploraƟon

efforts and addiƟonal technical iniƟaƟves, such as the NI 43-101 technical report.

InterpretaƟon and RecommendaƟons of the LiDAR Survey

The Y Lithium Project is a district-scale property with the potenƟal to host hard rock lithium mineralizaƟon.

It is situated within the Ennadai Greenstone Belt, which begins in the project area and extends northeast

into the Northwest Territories. The recent discovery of spodumene-bearing boulders at Bailey Lake

underscores the lithium prospecƟvity of this underexplored region.

The LiDAR Survey is expected to play a cri Ɵcal role in iden Ɵfying glacial features, poten Ɵal outcrop, and

boulder trains across the property. When integrated with available government data, the survey is

expected to support the delinea Ɵon of lithologic al contacts and structural corridors to be targeted in

future exploraƟon programs. AddiƟonally, orthophotos generated from the LiDAR Survey are expected to

highlight boulder trains and other high- potenƟal features to poten Ɵally support a focused Phase I

mapping and sampling program.

YY Resources may proceed with a mul Ɵ-phase exploraƟon approach in the future. If advanced, future

exploraƟon work is an Ɵcipated to include data compila Ɵon and desktop analysis, such as the review of

historical Ɵll and sediment sampling, geophysical surveys, regional mapping, and glacial ice flow direcƟons.

These inputs would be intended to support YY Resources’ ongoing efforts to refine exploraƟon targeƟng

and unlock value at the Y Lithium Project.

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Belanger Project

The Company also announces that, further to its news releases dated November 29, 2024, in which it

disclosed the execu Ɵon of an addendum agreement (the “ Belanger Addendum Agreement ”) with the

opƟonor of the Belanger Project, Bounty Gold Corp. (“ Bounty Gold ”), an arm’s-length third party, to

acquire a 100% interest in the Belanger Project, it has made the final payment of $5,500 (the “ Final

Payment”) to Bounty Gold on July 2, 2025. This brings the total cash consideraƟon paid under the Belanger

Addendum Agreement to $18,000.

With the compleƟon of the Final Payment, the Company has sa Ɵsfied all payment obligaƟons under the

Belanger Addendum Agreement and has earned a 100% interest in the Belanger Project, subject to a 3%

Net Smelter Returns Royalty (the “ NSR”). The Company retains the right to purchase the first 1% of the

NSR for $750,000 and the remaining 2% for $2,000,000 at any Ɵme prior to the commencement of

commercial producƟon.

The Belanger Project, located in Ontario’s Birch-Uchi Greenstone Belt near Red Lake, spans 109

unpatented mining claims across Belanger, Bowerman, KnoƩ, and Mitchell townships. Situated within the

Uchi Subprovince of the Superior Province of the Canadian Shield, the property lies in a geologically

favorable region.

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Debt SeƩlement

The Company also announces that, further to its news release dated July 18, 2025, it has se Ʃled

outstanding indebtedness in the aggregate amount of $544,425.18 (the “ Debt Se Ʃlement”) owing to

certain creditors of the Company, saƟsfied through the following issuances:

 $446,603.75 in considera Ɵon for the issuance of an aggregate of 1,860,844 units of the Company

(each, a “ Debt SeƩlement Unit”) at a deemed price of $0.24 per Debt Se Ʃlement Unit. Each Debt

SeƩlement Unit consists of one common share of the Company (each, a “ Debt Share ”) and one

transferable common share purchase warrant (each, a “ Debt Se Ʃlement Warrant ”). Each Debt

SeƩlement Warrant is exercisable to acquire one addi Ɵonal common share of the Company (each, a

“Debt SeƩlement Warrant Share”) at an exercise price of $0.315 per Debt SeƩlement Warrant Share

for a period of two (2) years from August 1, 2025.

 $97,821.43 in considera Ɵon for the issuance of an aggregate of 407,587 Debt Shares at a deemed

price of $0.24 per Debt Share.

The securi Ɵes issued under the Debt Se Ʃlement will be subject to a statutory hold period expiring

December 2, 2025.

The Debt Settlements with Massimo Bellini Bressi, Martino Ciambrelli, John Campbell and Howard Blank

(together, the “Insider Settlements”) are “related party transactions” within the meaning of Multilateral

Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“ MI 61-101”). The

Insider Settlements are exempt from the valuation requirement of MI 61-101 by virtue of the exemptions

contained in section 5.5(b) of MI 61-101 as the Company's common shares are not listed on a specified

market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption

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contained in section 5.7(1)(a) of MI 61-101 in that the fair market value of the Insider Settlements will not

exceed 25% of the Company's market capitalization. As the material change report disclosing the Insider

Settlements is being filed less than 21 days before the transaction, there is a requirement under MI 61-

101 to explain why the shorter period was reasonable or necessary in the circumstances. In the view of

the Company, it is necessary to immediately close the Insider Settlements and therefore, such shorter

period is reasonable and necessary in the circumstances to improve the Company's financial position.

None of the securities acquired in the Debt Settlement will be registered under the United States

Securities Act of 1933, as amended (the “ 1933 Act”), and none of them may be offered or sold in the

United States absent registration or an applicable exemption from the registration requirements of the

1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall

there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

Qualified Persons

In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects , Jason

Arnold, P .Geo., President of DCX Geological Consulting and an independent Qualified Person, is the

Qualified Person for the Company and has prepared, validated and approved the technical and scientific

content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting,

documenting, and reporting activities on its projects.

1 The initial research and collaboration agreement concluded on June 30, 2025. the Company is evaluating a new agreement with the globally ranked top 20 university

to continue and expand its prior development work.

About Battery X Metals Inc.

Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:5YW, WKN:A40X9W) is an energy transition resource

exploration and technology company committed to advancing domestic and critical battery metal resource

exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach

to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of

lithium-ion batteries and battery materials. For more information, visit batteryxmetals.com.

On Behalf of the Board of Directors

Massimo Bellini Bressi, Director

For further information, please contact:

Massimo Bellini Bressi

Chief Executive Officer

Email: [email protected]

Tel: (604) 741-0444

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Disclaimer for Forward-Looking Information

This news release contains forward-looking statements within the meaning of applicable securi Ɵes laws.

Forward-looking statements in this release include, but are not limited to, statements regarding the

exploraƟon ac ƟviƟes of the Company, the an Ɵcipated ac Ɵons of YY Lithium, the explora Ɵon of the Y

Lithium Project, the results of the LiDAR Survey and the impact of such results within the Company, the

future potenƟal exploraƟon efforts and prepara Ɵon of an NI 43 -101 Technical Report for the Y Lithium

Project, the Company’s research collabora Ɵons with third par Ɵes, the future rights related to the Net

Smelter Returns Royalty on the Belanger Project; any future development or commercial produc Ɵon

scenarios relaƟng to the Belanger Project; the anƟcipated impact of the completed Debt Se Ʃlement on

the Company’s financial posiƟon, the parƟcipaƟon of related parƟes, the availability of exempƟons under

MI 61-101, and other future outcomes related to the transac Ɵon. Forward -looking statements reflect

management’s current beliefs, expecta Ɵons, and assump Ɵons based on available informa Ɵon as of the

date of this release. These statements are subject to known and unknown risks, uncertain Ɵes, and other

factors that may cause actual results, performance, or achievements to differ materially from those

expressed or implied by such forward-looking statements. These risks include, but are not limited to,

general economic, market, and regulatory condiƟons, risks posed by environmental changes, the risk that

commercial producƟon at the Belanger Project may never occur, and the risk that the intended benefits

of the Debt SeƩlement may not be realized as expected. AddiƟonal risks and uncertainƟes are discussed

in the Company’s filings on SEDAR+. The forward-looking statements in this news release are made as of

the date hereof, and Ba Ʃery X Metals disclaims any inten Ɵon or obliga Ɵon to update or revise such

statements, except as required by la w. Investors are cau Ɵoned not to place undue reliance on these

forward-looking statements.