Battery X Metals Announces Grant of Restricted Share Units
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
BaƩery X Metals Announces Grant of Restricted Share Units
VANCOUVER, British Columbia – January 2, 2025 – Battery X Metals Inc. (CSE:BATX) (OTCQB:BATXF)
(FSE:R0W, WKN:A3EMJB) (“Battery X Metals” or the “Company”) announces that it has granted a total
of 1,794,000 restricted share units (“RSUs”) to certain directors, officers and consultants of the Company,
effective January 1, 2025 (the “ Date of Grant ”), outside of its Equity Incentive Plan dated May 7, 2024
(the “Plan”)
The RSUs shall vest as follows:
25% of the RSUs shall vest on May 2, 2025;
25% of the RSUs shall vest on the date that is six (6) months from the Date of Grant;
25% of the RSUs shall vest on the date that is nine (9) months from the Date of Grant; and
25% of the RSUs shall vest on the date that is twelve (12) months from the Date of Grant.
The Company confirms that, in accordance with SecƟon 6.5(6)(a)(ii) of Canadian SecuriƟes Exchange Policy
6, equity grants issued under the Plan, together with the RSUs granted outside of the Plan, will not be
greater than 5% of the issued and outstanding shares at the Ɵme of adopƟon as applying to an individual,
or 10% in total in the next 12 months.
All securities are subject to a statutory hold period of four months and one day from the Date of Grant, in
compliance with applicable stock exchange policies.
The RSU grants to Massimo Bellini Bressi and Martino Ciambrelli (the “ Insider RSU Grants”) 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 RSU Grants 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 contained in section 5.7(1)(a) of MI 61-
101 in that the fair market value of the Insider RSU Grants do not exceed 25% of the Company’s market
capitalization. As the material change report disclosing the Insider RSU Grants 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 grant the Insider RSU Grants and therefore, such shorter period is reasonable and necessary
in the circumstances to provide appropriate incentives for the award recipients.
About Battery X Metals Inc.
Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:R0W, WKN:A3EMJB) is committed to advancing the
global clean energy transition through the development of proprietary technologies and domestic battery
and critical metal resource exploration. The Company focuses on extending the lifespan of electric vehicle
(EV) batteries, through its portfolio company, LIBRT 1, recovering battery grade metals from end-of-life
lithium-ion batteries, and the acquisition and exploration of battery and critical metals resources. For more
information, visit batteryxmetals.com.
1 49% owned Portfolio Company
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
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws.
Forward-looking statements in this release include, but are not limited to, statements regarding the
Company’s objectives, business strategies, and future plans, including the granting of RSUs, the vesting of
such RSUs and compliance with securities laws. These forward-looking statements are based on
management’s current expectations and assumptions, which are subject to risks, uncertainties, and other
factors that could cause actual results to differ materially from those expressed or implied. Risks include,
but are not limited to, changes in market conditions, regulatory risks, the inability to achieve regulatory
compliance or approvals, reliance on key personnel, and the risk factors set forth in the Company’s filings
on SEDAR+. Forward-looking statements are made as of the date of this release, and Battery X Metals
disclaims any obligation to update or revise them to reflect new events or circumstances, except as
required by law. Investors are cautioned not to place undue reliance on these forward-looking statements.