Battery X Metals Engages U.S. Investment Bank to Support Strategic Path Toward Potential United States National Securities Exchange Listing Aligned with U.S. Growth Initiatives
Battery X Metals Engages U.S. Investment Bank to Support Strategic Path
Toward Potential United States National Securities Exchange Listing Aligned
with U.S. Growth Initiatives
News Release Highlights:
1. Battery X Metals engages a U.S.-based investment bank, as its exclusive financial advisor to guide
the Company through a potential uplisting to the Nasdaq, advancing its long-term capital markets
strategy.
2. The engagement supports Battery X Metals’ potential broader U.S. growth initiatives, including the
future commercialization of its patent-pending electric vehicle battery rebalancing machine with a
long-term strategic focus on the U.S. market, future continued battery recycling R&D in partnership
with a globally ranked top 20 university, and AI-driven exploration of battery metals in Nevada,
USA.
3. A Nasdaq listing is being pursued to strengthen Battery X Metals’ positioning as a next-generation
energy transition resource exploration and technology company executing an integrated 360°
battery metals strategy—spanning AI-powered mineral exploration, sustainable battery material
recovery, and electric vehicle battery lifespan extension technology.
VANCOUVER, British Columbia – July 11, 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 that it has entered into a letter
agreement (the “Agreement”) and engaged a U.S.-based investment bank (the “U.S. Investment Bank”),
as its exclusive financial advisor and investment banker.
Under the terms of the Agreement, the U.S. Investment Bank will provide a range of strategic advisory
services in support of the Company’s ongoing corporate development initiatives, including potentially
uplisting to a U.S. national securities exchange such as Nasdaq Composite (Nasdaq), New York Stock
Exchange (NYSE), or the NYSE American (each a “U.S. National Securities Exchange”). The U.S. Investment
Bank’s mandate also includes advising on potential financing alternatives, facilitating investor access
through non-deal roadshows, and assisting with structural and financial aspects of a potential listing on a
U.S. National Securities Exchange, that may be mutually agreed upon by the parties.
While the engagement encompasses all qualifying U.S. National Securities Exchanges, Battery X Metals
has identified the Nasdaq as its preferred listing exchange. The Board of Directors and management
believe that a Nasdaq uplisting aligns with the Company’s long-term growth strategy, enhances visibility
among U.S. institutional and retail investors, and could position Battery X Metals as a next-generation
growth company focused on both U.S. and international markets. This objective is directly supported by
the Company’s growth initiatives across its core business verticals, including its wholly-owned subsidiary,
Battery X Rebalancing Technologies Inc.’s (“ Battery X Rebalancing Technologies ”) continued validation
towards commercialization of its patent-pending lithium-ion battery cell rebalancing technology and
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machine. As part of Battery X Rebalancing Technologies’ broader commercialization strategy, future
deployment is envisioned across automotive service centers and dealership service departments, with a
long-term strategic focus on the U.S. market, subject to the successful completion of ongoing product
development, validation initiatives, and establishment of commercial agreements.
The Company is also advancing sustainable lithium-ion battery recycling through its wholly-owned
subsidiary, Battery X Recycling Technologies Inc. (“ Battery X Recycling Technologies ”), via an amended
research collaboration agreement with a globally ranked top 20 university’s Institute of Mining
Engineering (the “ Global Top 20 University ”), as disclosed in the Company’s news release dated
September 24, 2024. This research has focused on the development of proprietary froth flotation
technology designed to recover battery-grade materials—including graphite, lithium, nickel, cobalt,
manganese, and copper—from end-of-life lithium-ion batteries, supporting a circular battery economy.
While the amended research collaboration agreement concluded on June 30, 2025, Battery X Recycling
Technologies is currently reviewing the potential to enter into a new research collaboration agreement
with the Global Top 20 University that would continue and expand upon the prior work. Any material
developments will be disclosed in accordance with applicable securities laws.
The Company is also advancing artificial intelligence (AI)-powered mineral exploration through its wholly-
owned subsidiary, Battery X Discoveries Inc., via a joint venture framework established under a binding
memorandum of understanding (MOU) with TerraDX Discoveries Inc. (“ TerraDX”) and MineMind Metals
Inc., as disclosed in the Company’s news release dated April 25, 2025. This initiative focuses on the
exploration of battery metals in Nevada, USA, using proprietary AI targeting models to drive subsurface
intelligence and accelerate critical battery metal discoveries. The AI models are designed to integrate and
analyze large, complex geological datasets—often siloed and underutilized—to identify 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. TerraDX is a member of the NVIDIA Inception program, which supports leading AI-focused
startups through access to advanced computing infrastructure, technical expertise, and go-to-market
support. This affiliation underscores TerraDX’s technological leadership and further enhances the
proposed joint venture’s innovation profile.
These initiatives collectively reflect Battery X Metals’ integrated 360° strategy across the battery metals
value chain—spanning exploration, rebalancing, and recycling—and reinforce its commitment to scaling
next-generation solutions that support the clean energy transition.
“This engagement with the U.S. Investment Bank marks an important step as we advance Battery X Metals
toward a national U.S. exchange listing,” said Massimo Bellini Bressi, CEO of Battery X Metals. “We are
confident that the U.S. Investment Bank’s deep capital markets expertise and robust retail and
institutional relationships will strengthen our strategic positioning and accelerate our capital markets and
business growth trajectory.”
Terms of Engagement
As consideration for its services, Battery X Metals has agreed to issue to the U.S. Investment Bank or its
designees 577,915 common shares (the “Common Shares”) in the capital of the Company, payable in four
(4) equal monthly installments beginning July 20, 2025. The Common Shares will carry piggyback
registration rights and the same rights afforded to other holders of the Company’s Common Shares in
connection with the potential listing on a U.S. National Securities Exchange. The Company further agrees
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to register such Common Shares as part of the registration statement filed in connection with the
potential listing on a U.S. National Securities Exchange.
For any financing completed through the U.S. Investment Bank, the Company will pay a cash fee equal to
7.0% of gross proceeds raised and will issue broker warrants equal to 7.0% of the securities sold. The
broker warrants will have a three-year term and include customary features such as cashless exercise,
anti-dilution protections, and registration rights. The exercise price will be equal to that of the securities
sold in the applicable financing. In the event the Company completes a Reverse Merger, Merger, Business
Combination, or other M&A-type of potential listing on a U.S. National Securities Exchange, the U.S.
Investment Bank will be entitled to a success fee equal to 3.5% of the total aggregate consideration paid
or received in connection with such transaction, subject to customary carve-outs. Consideration may
include cash, stock, notes, the assumption or forgiveness of liabilities, and any contingent, deferred, or
earn-out payments. The Company has also agreed to reimburse the U.S. Investment Bank for reasonable
expenses incurred in connection with the engagement, including legal, travel, and third-party costs,
subject to prior written approval. Legal fees are reimbursable up to US$125,000 if a financing is
completed, and up to US$35,000 if no financing occurs. A “ Transaction” includes other strategic events
introduced by the U.S. Investment Bank, such as mergers, acquisitions, joint ventures, asset sales, or
strategic alliances. The engagement also grants the U.S. Investment Bank a right of first offer for a period
of eighteen (18) months following the completion of any potential listing on a U.S. National Securities
Exchange. If the Company proposes to engage an underwriter, placement agent, advisor, or other financial
intermediary on more favourable terms in connection with a financing, it must first offer such terms to
the U.S. Investment Bank in writing and the U.S. Investment Bank may accept the offer within five days.
This right does not apply if the U.S. Investment Bank is terminated for cause, in the case of financings that
do not involve an investment bank or financial intermediary, or for Transactions not introduced by the
U.S. Investment Bank. The engagement includes customary terms regarding confidentiality,
indemnification, and dispute resolution.
Any potential listing on a U.S. National Securities Exchange remains subject to the Company satisfying all
applicable qualitative and quantitative listing requirements of a U.S. National Securities Exchange. These
requirements include, but are not limited to, achieving adequate minimum bid price, minimum
shareholders’ equity, free-trading public float, number of round-lot shareholders, and market
capitalization thresholds, as well as obtaining all necessary approvals from the relevant exchange,
regulatory authorities, and securities commissions.
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.
About the U.S. Investment Bank
the U.S. Investment Bank is a full-service investment banking, securities and wealth management firm
headquartered in New York. The U.S. Investment Bank provides a full array of financial services including
investment banking; private wealth management; and global institutional equity, fixed-income and
derivatives sales & trading, equity research and prime brokerage services to a diverse range of corporate
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clients, institutional investors and high net worth individuals. the U.S. Investment Bank is a registered
broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities
Rulemaking Board (MSRB), and is a member of the following: Financial Industry Regulatory Authority
(FINRA); Securities Insurance Protection Corporation (SIPC); NASDAQ Stock Market and NYSE Arca, Inc.
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 Company’s objectives,
strategies, and future plans regarding the engagement of the U.S. Investment Bank; the potential uplisting
of the Company’s securities to a U.S. National Securities Exchange; the Company’s ability to complete a
potential listing on a U.S. National Securities Exchange or financing; ability to meet all applicable listing
requirements of a U.S. National Securities Exchange; the anticipated timing, benefits, and outcomes of a
potential uplisting or other capital markets transactions; the scope and success of advisory services
provided by the U.S. Investment Bank; the potential development and commercialization and U.S.
deployment of the Company’s patent-pending electric vehicle battery rebalancing machine; the execution
of U.S.-focused growth initiatives aligned with the Company’s business strategy; the continued
development of its battery recycling technologies, including the potential continuation of its research
collaboration with the Global Top 20 University; the progress of its AI-powered battery metal exploration
initiative in Nevada; the development and the outcome of the joint venture with TerraDX and MineMind
Metals Inc.; the expected performance, integration capabilities, and effectiveness of the AI targeting
models used in mineral exploration, including their ability to accelerate discoveries, de-risk early-stage
projects, and identify high-probability targets; and the execution of its integrated 360° strategy across the
battery metals value chain, including exploration, rebalancing, and recycling. These forward-looking
statements are based on current expectations, assumptions, and projections that management believes
to be reasonable as of the date of this 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. These factors include, but are not
limited to: the Company’s ability to meet listing criteria including minimum bid price, market
capitalization, public float, and shareholder distribution, in addition to the qualitative listing requirements
of a U.S. National Securities Exchange; the outcome and timing of regulatory and exchange reviews and
approvals; delays in the execution or structuring of any potential listing on a U.S. National Securities
Exchange or financing; fluctuations in market conditions or investor sentiment; technological or
commercial challenges related to product deployment; the potential limitations of AI models in geological
applications, the availability and quality of geological datasets, and the ability to translate AI-generated
insights into actionable exploration results; delays or setbacks in research and development programs;
and general economic, regulatory, and geopolitical conditions. Forward-looking statements reflect the
beliefs, assumptions, and expectations of management at the time they are made and should not be
regarded as guarantees of future performance. The Company undertakes no obligation to update or revise
any forward-looking information, whether as a result of new information, future events, or otherwise,
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except as required by applicable law. Readers are cautioned not to place undue reliance on forward-
looking statements and are encouraged to consult the Company’s continuous disclosure filings available
at www.sedarplus.ca for additional risk factors and further information.