Battery X Metals Appoints Massimo Bellini Bressi as CEO and Director
Battery X Metals Appoints Massimo Bellini Bressi as CEO and Director
VANCOUVER, British Columbia – August 6, 2024 – Battery X Metals Inc. (CSE:BATX) (OTCQB:BATX)
(FSE:R0W, WKN:A3EMJB) (“Battery X Metals ” or the “Company”) is pleased to announce the
appointment of Massimo Bellini Bressi as Chief Executive Officer and director, effective August 6, 2024.
He will succeed Mark Brezer, who has resigned as the Company's Chief Executive Officer and President
but will continue to serve on the board of directors, offering strategic guidance. The Company expresses
its gratitude to Mr. Brezer for his dedicated service.
Mr. Bellini Bressi earned his Corporate Law Degree from Università Degli Studi in Milan, Italy. For over 15
years, Mr. Bellini Bressi worked with numerous local and international companies on strategic
development and corporate legal affairs across various sectors. After relocating to Canada, Mr. Bellini
Bressi completed his MBA in Vancouver, BC and embarked on a new professional journey, supporting
private and publicly traded companies in growth and revenue enhancement. His extensive experience
spans retail, consumer packages goods, recycling and green economy, global business consulting, and
technology. Mr. Bellini Bressi’s specializes in strategic business development, mergers and acquisitions ,
corporate legal affairs, marketing and branding, identifying new commercial opportunities, and executing
strategies to achieve tangible results.
“I am excited to join Battery X Metals as CEO and director,” said Massimo Bellini Bressi, CEO of Battery X
Metals. “I look forward to working with the team to drive strategic growth and innovation in the battery
metals industry. Together, we will continue to build on the company’s strong foundation and pursue new
opportunities to enhance value for our shareholders.”
The Company also announces the resignation of Barry Wattenberg as a director of the Company, effective
August 6, 2024. The Company extends its appreciation to Mr. Wattenberg for his valuable contributions
and dedicated service.
About Battery X Metals Inc.
Battery X Metals Inc. (CSE:BATX) (OTCQB:BATXF) (FSE:R0W) ) is dedicated to advancing North America’s
clean energy transition by pioneering proprietary technologies to diagnose & extend electric vehicle (EV)
battery life, recover battery -grade metals from end -of-life lithium-ion batteries, and exploring domestic
battery metal resources.
The Company's portfolio company1, Li-ion Battery Renewable Technologies Inc. (“LIBRT”) is a development
stage technology company, at the forefront of the electric vehicle (EV) industry, implementing proprietary
technologies to assess the health and extend the lifespan of lithium -ion batt eries. LIBRT’s proprietary
hardware and software, which is already proven and implemented outside of North America, diagnoses
and reverses battery degeneration by rebalancing cells within the battery pack, thereby contributing to
the sustainability of electric transportation and contributing to a more cost-effective and environmentally
friendly EV ownership experience, mitigating EV owner’s requirement to replace their battery. Additionally,
LIBRT holds the exclusive North American license to an AI -driven preventative maintenance platform
boasting a portfolio of patents, trained on vast amounts of real -world data. This data enable s LIBRT's AI
Model to predict emerging trends for use in secondary Battery Energy Storage Systems (BESS), AI and Big
Data. Future plans include further development of the AI model and leveraging BatteryMap in EV battery
services, further enhancing their performance and safety.
The Company's wholly-owned subsidiary, Battery X Recycling Technologies Inc., In partnership with one of
Canada’s leading research universities, is pioneering advanced lithium -ion battery metal recovery
technologies to contribute to a circular economy addr essing potential shortages of critical metals in the
battery supply chain; with a focus on recovering battery -grade metals such as lithium, nickel, cobalt,
manganese, copper, and graphite from the residual material of shredded lithium -ion batteries known a s
“black mass”, a highly-sought after material. The primary objective is to optimize black mass recovery using
a proprietary eco -friendly froth flotation separation process, which stands apart from the traditional
hydrometallurgical and pyrometallurgical processes. Froth flotation is an effective separation technique
that allows for the recovery of battery-grade metals, retaining them in their oxide form.
The Company’s 100% owned Y Lithium Project, located in Northern Saskatchewan near Bailey Lake,
comprises four mineral claims across two blocks and spans 5,855 hectares (14,470 acres) and holds
potential for lithium-cesium-tantalum (LCT) pegmatites. Additionally, Battery X Metals owns 100% of the
Nunavik, QC Leaf River Project, encompassing 83 claims over an area of approximately 3,500 hectares, and
Abitibi, QC Reservoir -Dozios Project, encompassing 52 claims over an area of approximately 3,500
hectares. Each project is in close proximity to key mining projects and within an area of successful lithium
exploration. The Nunavik property is contiguous to the Eureka Lithium's New Leaf Project and the Abitibi
Project is located near Sayona Mining Limited's Abitibi Lithium Hub. Both aforementioned companies
report large, mineralized structures and pegmatite formations within the regions.2
In addition to its lithium exploration ventures, Battery X Metals also holds The Belanger Property, which is
NI 43-101 compliant. The property comprises 105 claims over an area of approximately 2,100 hectares
and is located in one of Canada’s most prolific gold mining districts, Red Lake, Ontario. Battery X Metals
also holds an equity stake in Premier Silver Corp., which acquired the Mallay Mine & Processing Plant in
Peru from Buenaventura, a prominent mining company listed on the NYSE. Conveniently located near Lima
and Churin town, the Mallay mine is part of Premier Silver’s extensive 10,562.4-hectare Tres Cerros Au-Ag
Project. This diversification enhances Battery X Metals ’ investment portfolio, offering potential
opportunities in the precious metals sector.
With a dedicated management team, focused on maximizing shareholder value and commitment to
sustainability, Battery X Metals is positioned to be an emerging leader in lithium-ion battery technologies,
as well as battery and critical metal exploration.
1 49% owned Portfolio Company
2 Sigeom.Mines
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
Forward-Looking Information
This news release includes certain statements and information that may constitute forward -looking
information within the meaning of applicable Canadian securities laws. Forward-looking statements relate
to future events or future performance and reflect th e expectations or beliefs of management of the
Company regarding future events. Generally, forward -looking statements and information can be
identified by the use of forward -looking terminology such as “intends” or “anticipates”, or variations of
such words and phrases or statements that certain actions, events or results “may”, “could”, “should”,
“would” or “occur”. This information and these statements, referred to herein as “forward‐looking
statements”, are not historical facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to
management's expectations and intentions with respect to , among other things, future growth and
enhancing shareholder value.
In making the forward-looking statements in this news release, the Company has applied several material
assumptions, including without limitation, the assumption that Mr. Bressi’s extensive experience and
proven track record in financial leadership will be invaluable as the Company continue to grow and advance
its strategic initiatives.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers shou ld not
place undue reliance on forward -looking statements and forward -looking information. Readers are
cautioned that reliance on such information may not be appropriate for other purposes. The Company
does not undertake to update any forward -looking statement, forward-looking information or financial
out-look that are incorporated by reference herein, except in accordance with applicable securities laws.