Battery X Metals Announces Strategic Agreement to Advance Artificial Intelligence-Driven Exploration of Critical Battery Metals in Nevada, USA
Battery X Metals Announces Strategic Agreement to Advance Artificial
Intelligence-Driven Exploration of Critical Battery Metals in Nevada, USA
News Release Highlights:
1. Battery X Metals and TerraDX to launch AI-powered joint venture for battery metals exploration
in Nevada, USA: The proposed JV will use advanced machine learning to identify high-probability
targets for lithium, cobalt, graphite, and more.
2. Strategic move expands Battery X Metals’ 360° strategy and provides the Company the
opportunity to be at the forefront of AI-driven resource discovery: The partnership complements
the Company’s integrated approach to exploration, recycling, and battery lifespan extension.
3. Nevada selected for its resource-rich geology and strategic importance to U.S. battery metal
independence: With approximately 85% of the nation’s known lithium deposits and 100% of
commercial U.S. lithium production in 2023, Nevada also hosts Thacker Pass—recognized as the
largest measured lithium reserve and resource in the world. These advantages make Nevada an ideal
location for AI-accelerated exploration and a cornerstone of domestic critical mineral strategy.
VANCOUVER, British Columbia – April 25, 2025 – Battery X Metals Inc.
(CSE:BATX)(OTCQB:BATXF)(FSE:R0W, WKN:A40X9W) (“Battery X Metals” or the “ Company”) an energy
transition resource exploration and technology company, announces that, effective April 16, 2025, its
wholly-owned subsidiary, Battery X Discoveries Inc. (“Battery X Discoveries”), has entered into a binding
memorandum of understanding (the “ MOU”) with TerraDX Discoveries Inc. (“ TerraDX”) and MineMind
Metals Inc. (“MineMind”), establishing a strategic joint venture framework for collaborative exploration
in the state of Nevada, USA using innovative artificial intelligence (AI)-powered mineral targeting
technologies.
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, Battery X Metals is
advancing a comprehensive 360° strategy across the battery metals sector. This strategy encompasses the
exploration of prospective battery metal properties; the development of proprietary recovery
technologies, in collaboration with a globally ranked top 20 university, to recover battery-grade materials
from end-of-life batteries; and the development of proprietary software and hardware technology for the
rebalancing and lifespan extension of lithium-ion and electric vehicle (EV) batteries.
Battery X Discoveries’ strategic agreement with TerraDX, aimed at deploying advanced AI-driven mineral
targeting technologies, further strengthens the Company’s exploration efforts and reinforces its
commitment to innovation across the battery metals value chain.
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Convergence of Artificial Intelligence & Battery Metal Exploration
Battery X Discoveries and TerraDX intend to form a dedicated joint venture (the “Battery Metals JV”) that
will leverage TerraDX’s proprietary AI foundation model (the “AI Model”) to drive subsurface intelligence
and accelerate critical battery metal discoveries in Nevada.
The AI Model is designed to integrate and analyze large, complex geological datasets—often siloed and
underutilized—to uncover high-probability mineral targets. This data-driven approach is expected to de-
risk early-stage exploration, shorten discovery timelines, and unlock new opportunities for lithium, cobalt,
graphite, nickel, and manganese deposits.
The strategic intent is to acquire and explore highly prospective AI-identified mineral claims, using
TerraDX’s predictive platform to prioritize targets with the strongest potential to deliver meaningful
discoveries in support of the clean energy transition.
“This agreement represents a forward-looking step in our 360° strategy to build an integrated battery
metals supply chain,” said Massimo Bellini Bressi, CEO of Battery X Metals. “Expanding into the U.S. aligns
with our long-term vision, and Nevada—given its geological potential and strategic importance—is a
natural next frontier for our exploration vertical.”
“Our collaboration with Battery X Metals is a compelling opportunity to apply our AI platform in one of
the most promising battery metal jurisdictions in the world,” said Colby Mintram, CEO of TerraDX. “By
harnessing large-scale geoscience data, we aim to identify and accelerate discoveries that might otherwise
remain hidden for years.”
Over the next quarter, TerraDX will commence training of its proprietary AI model using Nevada-specific
geological datasets, with the objective of identifying high-probability mineralization targets. Subject to
the availability of sufficient capital resources and the identification of highly prospective claims or
projects, the proposed joint venture anticipates proceeding with the staking or acquisition of select
properties, with an initial budget estimate of $50,000 to $100,000. This may be followed by fieldwork and
early-stage exploration activities, including sampling and geophysical surveys, also budgeted in the range
of $50,000 to $100,000. Any decision to undertake a more extensive drilling program will be contingent
upon favorable exploration results and will be subject to a separate budget determination at that time.
Nevada’s Strategic Role in Advancing U.S. Battery Metal Supply Chain Independence
Nevada is one of the most resource-rich jurisdictions in the United States for critical battery metals,
particularly lithium. The state is estimated to hold approximately 85% of the nation’s known lithium
deposits, largely due to the state’s arid environment and closed basin hydrologic systems which have
combined over millions of years to deposit vast amounts of the mineral deemed critical to the clean
energy movement.1
According to the U.S. Geological Survey (USGS), commercial-scale lithium production in the United States
in 2023 came solely from a continental brine operation in Nevada 2 — the Silver Peak facility operated by
Albemarle Corporation. This made Nevada the sole domestic producer of lithium that year.
Nevada is also home to Thacker Pass, located within the McDermitt Caldera in Humboldt County. It is
recognized as the largest measured lithium reserve and resource in the world.3
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In October 2024, General Motors (GM) announced a $625 million investment in the Thacker Pass project,
acquiring a 38% equity stake in a joint venture with Lithium Americas. The deal includes $430 million in
direct project funding and a $195 million letter of credit facility.4
These resource developments align with federal policy initiatives to secure critical mineral supply chains.
The Defense Production Act has been invoked to accelerate domestic lithium production and reduce
reliance on foreign sources.5
Additionally, the Infrastructure Investment and Jobs Act (IIJA) allocates funding for critical mineral
processing, battery material recovery, and lithium-ion battery recycling in the U.S. 6 As the United States
prioritizes domestic critical mineral development, Battery X Discoveries aims to leverage Nevada’s unique
geological potential through its strategic agreement with TerraDX. The partnership aims to deploy
propriety artificial intelligence (AI) to identify and explore highly prospective critical battery metal projects
including lithium, cobalt, graphite, and other battery metal targets across the state.
With vast lithium occurrences, proven production, and a pro-mining regulatory environment, Nevada
offers an unparalleled foundation for AI-driven exploration. This strategic agreement reinforces Battery X
Metals’ integrated 360° strategy across the battery metals value chain—spanning critical battery metal
exploration, battery material recovery technology development in partnership with a globally recognized
top 20 university, and patent-pending battery lifespan extension technology—and positions the Company
at the forefront of next-generation solutions supporting U.S. clean energy and electrification goals.
Terms of the MOU
Pursuant to the MOU, Battery X Discoveries and TerraDX intend to form the Battery Metals JV focused
exclusively on the identification, acquisition, and exploration of lithium, cobalt, graphite, nickel,
manganese, and other battery metals within the state of Nevada, USA. The MOU also contemplates the
formation of a second, separate joint venture between TerraDX and MineMind, which will focus on the
exploration and development of gold, base, and other critical metals in Nevada. Both joint ventures will
operate independently, with clearly defined mineral scopes and coordination protocols to avoid
operational overlap and ensure efficient project execution.
Under the terms of the binding MOU, the Battery Metals JV will be co-owned on a 50/50 basis by Battery
X Discoveries and TerraDX. Battery X Discoveries will serve as the operator, assuming responsibility for all
permitting, claim acquisition, exploration activities, and on-the-ground operations. The Battery Metals JV
will be exclusively focused on the exploration and potential development of battery metals—specifically
lithium, cobalt, graphite, nickel, manganese, and other energy storage–related minerals. It will not have
rights to explore or develop gold, base, or critical metals, which fall under a separate joint venture
established between TerraDX and MineMind. The Battery Metals JV will operate exclusively within the
state of Nevada, unless otherwise mutually agreed upon in writing.
TerraDX will deploy its proprietary machine learning model specifically configured for battery metal
exploration. The AI-driven platform will analyze geological, geophysical, and geochemical data to generate
mineral prospectivity maps and target areas, which will be made available exclusively to the Battery
Metals JV. TerraDX will maintain strict separation between the data, outputs, and AI models used in the
Battery Metals JV and those developed for its separate joint venture with MineMind.
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The Battery Metals JV will be governed by a Management Committee composed equally of
representatives from Battery X Discoveries and TerraDX. Additionally, a three-party Coordination
Committee—including Battery X Discoveries, TerraDX, and MineMind—will be established to address
inter-JV matters, including potential overlaps or shared discoveries involving both battery and non-battery
metals. In the event a mineral discovery contains both battery and non-battery metals in commercially
viable quantities, the parties have agreed to a defined protocol: a joint evaluation committee will be
formed, an independent economic assessment will be conducted, and the parties will determine whether
to (i) create a special-purpose JV, (ii) geographically divide the asset, or (iii) implement a royalty-sharing
mechanism based on the relative value contribution of each mineral group.
Battery X Discoveries and TerraDX will equally share all funding and operational costs related to the
Battery Metals JV. TerraDX may contribute up to $100,000 in pre-formation development credits and an
additional $25,000 per year in annual maintenance credits (beginning in year two) toward its capital
obligations, subject to the condition that a minimum cash contribution of $125,000 is made prior to the
application of such credits.
In the event a party fails to meet its funding obligations, its interest in the Battery Metals JV may be diluted
in accordance with the agreed dilution formula. If a party’s interest falls below 10%, it will automatically
convert to a 1% Net Smelter Return (NSR) royalty, and the party will forfeit its voting rights and governance
role within the Battery Metals JV. Each party will also hold a right of first refusal (ROFR) on any proposed
transfer of interest in the Battery Metals JV by the other party, including NSR interests resulting from
dilution.
Battery X Discoveries will receive a royalty-free, exclusive license to use TerraDX’s proprietary AI platform
for the purposes of the Battery Metals JV. TerraDX retains ownership of its core AI technologies, while all
exploration data, outputs, and jointly developed mineral targeting derived from the Battery Metals JV will
be co-owned by both parties. The MOU is effective for a term of five (5) years and forms the foundation
for the negotiation and execution of formal joint venture and intellectual property agreements.
Definitive joint venture agreements and related IP arrangements are expected to follow, aligning with the
principles outlined in the MOU.
1 Nevada Independent, 2 USGS Mineral Commodity Summaries 2025 – Lithium, 3 LAC, 4 Reuters – GM Invests $625M in Lithium
Americas , 5 U.S. Department of Defense – DPA Awards , 6 U.S. Congressional Research Service – Critical Minerals and IIJA
About Battery X Metals Inc.
Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:R0W, WKN:A40X9W) is an energy transition resource
exploration and technology company committed to advancing domestic battery and critical 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.
About TerraDX Discoveries Inc.
TerraDX Discoveries Inc. is a technology company specializing in Machine Learning applications for mineral
exploration and subsurface intelligence. The company's proprietary AI Models analyze geological,
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geochemical, and geophysical data to identify high-potential mineral exploration targets with
unprecedented accuracy. For more information, visit terradx.ai
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.
These statements relate to the Company’s plans, objectives, and expectations with respect to the
formation and operation of the Battery Metals JV pursuant to the MOU and the Company’s broader
business strategy. Specific forward-looking statements in this release include, but are not limited to: the
intention of the Company to form a joint venture with TerraDX and the proposed structure, governance,
capital contributions, and operational scope of the Battery Metals JV; the anticipated deployment,
integration, and performance of TerraDX’s proprietary AI technology for the identification of high-
potential battery metal targets; the expectation that the AI platform will de-risk early-stage exploration,
shorten discovery timelines, and unlock new mineral opportunities; the proposed staking or acquisition of
select properties in Nevada and the initial and subsequent exploration budgets and activities, including
sampling, geophysics, and potential drilling; the execution of definitive joint venture and intellectual
property agreements; the strategic rationale for selecting Nevada as a jurisdiction for AI-driven
exploration; the ability of the MOU and JV structure to reinforce the Company’s 360° battery metals
strategy, including exploration, recycling, and battery lifespan extension; the Company’s ability to leverage
AI to identify and explore lithium, cobalt, graphite, nickel, manganese, and other battery metals; the
anticipated roles and responsibilities of Battery X Metals and TerraDX in the JV, including operator status,
permitting, claim acquisition, and exploration activities; the licensing of TerraDX’s AI platform for JV
purposes; and the future outcomes of inter-JV coordination, data sharing, and intellectual property co-
ownership protocols. Forward-looking statements are based on the beliefs, assumptions, and expectations
of management at the time they are made. These assumptions include, but are not limited to: the
successful negotiation and execution of definitive agreements in accordance with the MOU; the
availability, quality, and reliability of relevant geological, geophysical, and geochemical data; the
successful integration and real-world performance of TerraDX’s AI platform; the ability to acquire
prospective mineral claims; the availability of sufficient financing and resources to fund JV activities; the
receipt of required regulatory and permitting approvals; and favorable exploration outcomes supporting
advancement to drilling or development stages. Forward-looking statements are subject to known and
unknown risks, uncertainties, and other factors that may cause actual results to differ materially from
those anticipated in such statements. These risks include, but are not limited to: failure to negotiate and
execute definitive agreements; performance limitations or technical issues related to the AI platform;
unanticipated exploration or operational challenges; lack of access to required data or capital; changes in
regulatory or permitting regimes; fluctuations in commodity prices; and general market or economic
conditions. The Company does not undertake any obligation to update or revise any forward-looking
information, whether as a result of new information, future events, or otherwise, except as required by
applicable law. Investors are cautioned not to place undue reliance on forward-looking statements and
are encouraged to consult the Company’s continuous disclosure filings available on SEDAR+
(www.sedarplus.ca) for further risk factors and information.