Battery X Metals Announces up to $2 Million Private Placement Financing and Initiative to Strengthen Balance Sheet
Battery X Metals Announces up to $2 Million Private Placement Financing and
Initiative to Strengthen Balance Sheet
VANCOUVER, British Columbia – May 22, 2026 – Battery X Metals Inc.
(CSE:BATX)(OTCQB:BATXF)(FSE:5YW0, WKN:A41RJF) (“Battery X Metals” or the “Company”) an energy
transition resource exploration and technology company, announces a series of strategic initiatives
intended to advance the Company’s corporate growth objectives and strengthen its balance sheet.
Private Placement to Advance Strategic Corporate Growth Initiatives
The Company announces a proposed non-brokered private placement financing (the “Private
Placement”), consisting of the issuance of an aggregate of up to 727,272 units of the Company (each, a
“Unit”), at a price of $2.75 per Unit for aggregate gross proceeds of up to $2,000,000.
Each Unit will consist of one common share in the capital of the Company (each, a “Share”) and one
transferable common share purchase warrant of the Company (each, a “Warrant”), with each Warrant
entitling the holder to acquire one additional Share (each, a “Warrant Share”) at a price of $3.00 per
Warrant Share for a period of 24 months from the date of closing.
Closing of the Private Placement is anticipated to occur on or about June 12, 2026, and may be completed
in one or more tranches, subject to compliance with the policies of the Canadian Securities Exchange.
The net proceeds of the Private Placement are intended to be allocated towards advancing the Company’s
business initiatives, including expenses related to corporate development and regulatory matters in
connection with strategic capital markets initiatives, the payment of outstanding and future payables and
indebtedness, corporate awareness, and general working capital purposes. These proceeds are expected
to support the Company’s integrated 360° strategy across the battery metals value chain, encompassing
exploration, rebalancing, and recycling, and the continued advancement of next-generation solutions that
contribute to the global clean energy transition. The securities issued under the Private Placement will be
subject to a statutory hold period expiring four months and one day from the date of issuance.
Initiative to Strengthen Financial Position
The Company announces that it intends to settle outstanding indebtedness in an aggregate amount of up
to $250,000 (the “Debt Settlement”) owing to certain creditors of the Company. The Debt Settlement is
anticipated to be satisfied through the issuance of an aggregate of 83,333 common shares of the Company
(each, a “Debt Share”) at a deemed price of $3.00 per Debt Share. The securities issued under the Debt
Settlement will be subject to a statutory hold period expiring four months and one day from the date of
issuance. Closing of the Debt Settlement is expected to occur on or about June 12, 2026.
Insiders may participate in the Private Placement and Debt Settlement, and such participation may
constitute a related party transaction under Multilateral Instrument 61-101 – Protection of Minority
Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from
the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a)
and 5.7(a) of MI 61-101 on the basis that participation in the Debt Settlement by insiders will not exceed
25% of the fair market value of the Company’s market capitalization.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the
United States, nor shall there be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The securities being offered have not been, nor will they be,
registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any U.S. state
securities laws, and may not be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the 1933 Act and applicable state securities laws.
About Battery X Metals Inc.
Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:5YW0, WKN: A41RJF) 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.
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 relate to, among other things: the Private Placement, including
the size, terms, pricing, timing, anticipated closing date, and completion thereof, including the completion
of the Private Placement in one or more tranches; the anticipated use of proceeds from the Private
Placement; the Company’s ability to obtain all necessary regulatory approvals, including approval of the
Canadian Securities Exchange; the Debt Settlement, including the amount, pricing, timing, and completion
thereof; the participation of insiders in the Private Placement and/or Debt Settlement and the availability
of exemptions under MI 61-101; the Company’s ability to strengthen its balance sheet and financial
position through the proposed financing and Debt Settlement initiatives; the advancement of the
Company’s corporate growth objectives, strategic capital markets initiatives, and broader business
strategy; the anticipated allocation of capital toward corporate development activities, regulatory
matters, corporate awareness initiatives, working capital, and outstanding obligations; and the continued
advancement of the Company’s integrated 360° strategy across the battery metals value chain, including
battery metals exploration, battery rebalancing technologies, and battery recycling solutions. Forward-
looking statements are based on management’s current expectations, estimates, assumptions, and
projections that are believed to be reasonable as of the date of this news release. However, such
statements are inherently subject to known and unknown risks, uncertainties, and other factors that may
cause actual results, performance, or achievements to differ materially from those expressed or implied
by such forward-looking statements. Such risks and uncertainties include, without limitation: the risk that
the Private Placement and/or Debt Settlement may not be completed on the terms described herein or
at all; the risk that regulatory approvals may not be obtained in a timely manner or at all; changes in
capital market conditions and investor demand; fluctuations in commodity prices and financial markets;
the availability of financing and capital resources; changes in the Company’s business plans, strategic
priorities, or capital allocation strategies; general economic, political, regulatory, and geopolitical
conditions; and other risks and uncertainties disclosed in the Company’s public disclosure filings. Forward-
looking statements reflect management’s beliefs, assumptions, and expectations only as of the date
hereof and are not guarantees of future performance. There can be no assurance that the proposed
Private Placement or Debt Settlement will be completed as contemplated, or at all, or that the Company
will realize the anticipated benefits of its strategic growth and financial position strengthening initiatives.
Except as required by applicable securities laws, the Company undertakes no obligation to update or
revise any forward-looking information to reflect new information, future events, or otherwise. Readers
are cautioned not to place undue reliance on forward-looking statements and are encouraged to consult
the Company’s continuous disclosure filings available under the Company’s profile on SEDAR+ at
www.sedarplus.ca for additional risk factors and further information.