Battery X Metals Announces Warrant Extension and Repricing Aligned with Capital Strategy
Battery X Metals Announces Warrant Extension and Repricing Aligned with
Capital Strategy
VANCOUVER, British Columbia – October 2, 2025 – Battery X Metals Inc.
(CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W) (“Battery X Metals” or the “Company”) an energy
transition resource exploration and technology company, announces the extension and repricing of an
aggregate of 2,393,939 common share purchase warrants (the “ Repriced Warrants”) to a revised expiry
date of October 16, 2026, and a revised exercise price of $0.25 per Repriced Warrant, effective
immediately (the “ Warrant Repricing ”). Under the policies of the Canadian Securities Exchange (the
“CSE”), the Warrant Repricing is subject to the unanimous consent of the registered holders of the
outstanding Repriced Warrants. The Repriced Warrants had an original exercise price of $0.495 (adjusted
for a prior share consolidation) and an expiry date of October 16, 2025.
Further to the Company’s news release dated September 26, 2025, whereby the Company announced the
receipt of approximately $1,562,861 in proceeds from the exercise of common share purchase warrants
over a nine-month period, which contributed to strengthening Battery X Metals’ capital position through
internally generated funding within its existing capital structure, management believes that the extension
and repricing of the Repriced Warrants are consistent with this strategy and provide the Company with
the opportunity to further support its financial position through internally generated funding within its
existing capital structure.
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 consecutive 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 consecutive trading day period referred to
above.
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
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
Warrant Repricing, including the extension of the expiry date and repricing of the Repriced Warrants, the
requirement for consent of the holders of the Repriced Warrants, the possible exercise of the Repriced
Warrants, the potential receipt of proceeds from such exercises, and the Company’s objectives, business
strategies, and future plans. 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,
that the holders of the Repriced Warrants may not provide consent, that the Repriced Warrants may not
be exercised, 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 the Company 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.