Battery X Metals Files NI 43-101 Technical Report for Y Lithium Project near Bailey Lake, Saskatchewan, Advancing 2025 Critical Battery Metal Exploration Program and Noting Proximity to a Reported Lithium- and Tantalum-Bearing Pegmatite Discovery Approxim

Executive Summary

• Battery X Metals filed a voluntary NI 43‑101 technical report for its Y Lithium Project in northern Saskatchewan, confirming the project's district‑scale lithium prospectivity.
• A high‑resolution LiDAR and orthophoto survey was completed; the assessment qualifies for a 1.5× exploration expenditure credit, reducing required 2025 spend to approximately CAD 58,559 (already satisfied).
• The company outlined a Phase I geological mapping and sampling program for summer 2026, with an estimated cost of CAD 93,850.

Key Details

• Technical Report: Effective October 16 2025; filed on SEDAR+, prepared by qualified person Jason Arnold, P.Geo.
• LiDAR Survey & Assessment Report: Total value CAD 71,078 (incl. taxes); submitted to Saskatchewan Ministry of Energy and Resources.
• Exploration Expenditure Credit: 1.5× credit reduces FY‑2025 required spend from ~CAD 87,800 to ~CAD 58,559; the credit amount has already been met by the LiDAR work.
• Project Location & Size: Y Lithium Project lies ~5 km west of a known lithium‑tantalum pegmatite discovery, within the Ennadai Greenstone Belt; comprises four mineral claims over ~5,856 ha across two blocks.
• Regional Context: Nearby Surface Metals Inc. (formerly ACME Lithium) reported a lithium‑tantalum pegmatite zone 5 km east of the project, underscoring regional potential.
• Exploration History: Total exploration expenditures to date are approximately CAD 71,078 (incl. taxes). No systematic hard‑rock lithium drilling has been conducted to date.
• Phase I Program (Proposed Summer 2026):
• Geological mapping and prospecting of all exposed outcrops and boulder fields.
• Targeted examination of pelitic schist horizons identified in government datasets.
• Collection & analysis of mica (muscovite) samples to guide future drill target selection for a Phase II program.
• Estimated cost: CAD 93,850 (management estimate; actual costs may vary).
• Future Outlook: Recommendations are non‑binding; execution depends on macro‑economic conditions, budget availability, and other factors.

Notable Quotes

“The Y Lithium Project is a district‑scale property with the potential to host hard‑rock lithium mineralization, and the LiDAR survey will be instrumental in guiding our upcoming exploration activities.” – Massimo Bellini Bressi, CEO & Director

Materiality Assessment: Non‑Material – Positive (the release provides material operational updates but does not contain earnings, financing, or definitive resource estimates).