Battery X Metals Announces Repricing of Warrants
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
BaƩery X Metals Announces Repricing of Warrants
VANCOUVER, BriƟsh Columbia – January 7, 2025 – BaƩery X Metals Inc. (CSE:BATX) (OTCQB:BATXD)
(FSE:R0W, WKN:A3EMJB) (“BaƩery X Metals” or the “Company”) announces the repricing of an aggregate
of 3,554,993 common share purchase warrants (the “ Repriced Warrants”) to a revised exercise price of
$0.25 per Repriced Warrant , effecƟve immediately (the “Warrant Repricing”). Under the policies of the
Canadian SecuriƟes Exchange (the “CSE”), the Warrant Repricing is subject to the unanimous consent of
the registered holders of the outstanding Repriced Warrants.
Following the Company’s 3.3:1 share consolidaƟon effecƟve December 10, 2024 (the “ConsolidaƟon”), of
the 3,554,993 Repriced Warrants:
1,294,392 had an original exercise price of $0.66 ($0.20 pre-C onsolidaƟon) and an expiry date of
January 24, 2026;
355,151 had an original exercise price of $0.66 ($0.20 pre-C onsolidaƟon) and an expiry date of
February 9, 2026;
1,496,360 had an original exercise price of $0.33 ($0.10 pre-ConsolidaƟon) and an expiry date of July
29, 2026; and
409,090 had an original exercise price of $0.33 ($0.10 pre-C onsolidaƟon) and an expiry date of
September 3, 2026.
As the Warrant Repricing will result in an exercise price lower than the market price of the Company’s
common shares on the date the warrants were issued, CSE policies require that, if following the Warrant
Repricing, for any ten consecuƟve trading days the closing price of the Company’s common shares on the
CSE exceeds the amended exercise price by 25%, the term of the Repriced Warrants must be amended to
30 days. The amended expiry date will be announced by the Company by press release and the 30-day
period will commence seven days from the end of the ten consecu Ɵve trading day period referred to
above.
About Battery X Metals Inc.
Battery X Metals (CSE:BATX) (OTCQB:BATXD) (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 completion of the Warrant Repricing
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, that the holders of the Repriced Warrants may not consent to the
Warrant Repricing 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.