Battery X Metals Announces New Strategic Partnership with Global Top 20 University Building on Preliminary Advancements in Critical Battery Material Recovery and Supporting Future Pilot-Scale Development of Proprietary Battery-Material Recycling Technolog

Executive Summary

• Battery X Metals’ subsidiary, Battery X Recycling Technologies, has signed a 13‑month collaborative research agreement with a globally ranked Top 20 university to advance its proprietary froth‑flotation process for recovering high‑purity graphite and metal oxides from end‑of‑life lithium‑ion batteries.
• Laboratory tests under the prior collaboration demonstrated graphite recoveries >98 % and oxide purities of 95‑96 %, establishing a breakthrough that the new phase will build upon, including work on LFP black‑mass chemistries.
• The agreement is valued at CAD $224,560, payable in four instalments, and includes IP ownership provisions, a royalty‑free license for university IP, and an option for an exclusive licensed use of any jointly developed IP.

Key Details

• Agreement Scope: Refine graphite grade & oxide purity; expand to lithium‑iron‑phosphate (LFP) black‑mass chemistries; generate data for future pilot‑scale validation and commercialization.
• Term & Value: 13‑month term starting Nov 7 2025; total project value CAD $224,560. Payment schedule: CAD $60,000 on signing; three subsequent payments of CAD $54,853.34/33 at 3‑, 6‑, and 9‑month intervals.
• Technical Results to Date (prior phase):
• New solvent identified that removes binder coatings while preserving graphite structure.
• Two‑stage re‑flotation process achieved:
  • Graphite recoveries >98 %
  • Metal‑oxide tailings purity 95‑96 % (up to 96 %).
• Intellectual Property:
• BATX IP remains sole property of Battery X Metals.
• University IP remains university’s property.
• Jointly developed IP is co‑owned, with each party free to commercialize independently; Battery X Recycling Technologies holds a non‑exclusive, royalty‑free license to use University IP and an exclusive option for a future royalty‑bearing license.
• Funding Use: Direct & indirect research costs associated with laboratory experiments, solvent development, flotation parameter optimization, and progress reporting.
• Deliverables: Periodic progress updates; final comprehensive report within 60 days of project completion.
• Leadership Quotes:
• “This advancement marks a significant step in proving the capability of our proprietary process…high graphite recovery and oxide purity demonstrate commercial potential.” – Massimo Bellini Bressi, CEO, Battery X Metals.
• “The University's Institute of Mining Engineering is among the world’s most respected centers for flotation research…this next phase represents continuation of technical progress toward larger‑scale testing.” – Massimo Bellini Bressi, CEO, Battery X Metals.

Notable Quotes

• Massimo Bellini Bressi, CEO: “By combining the newly identified solvent with a two‑stage re‑flotation process, we achieved a preliminary lab‑scale breakthrough…demonstrating high graphite recovery and oxide purity.”
• Massimo Bellini Bressi, CEO: “This next phase represents the continuation of our technical progress as we move from discovery toward engineering refinement, laying the groundwork for eventual pilot‑scale testing.”

Materiality Assessment

• Non‑Material – Positive – The agreement advances technology development but involves modest funding and does not constitute a material financial transaction or earnings impact at this time.