Battery X receives $1.56-million from warrant exercise

Executive Summary

• Battery X Metals Inc. reported total gross proceeds of $1,562,860.50 from the exercise of common share purchase warrants over a nine‑month period.
• The company exercised two warrant tranches: 1,635,334 warrants at $0.25 (gross $408,833.50) and 15,387,030 warrants at $0.075 (gross $1,154,027).
• Proceeds are intended to strengthen the company’s capital position and fund its integrated battery‑metals exploration, rebalancing, and recycling strategy.

Key Details

• First tranche: 1,635,334 common share purchase warrants exercised between Jan 7 2025 – Mar 2 2025 at $0.25 per warrant → gross proceeds $408,833.50.
• Second tranche: 15,387,030 common share purchase warrants exercised between Apr 4 2025 – Sep 2 2025 at $0.075 per warrant → gross proceeds $1,154,027.
• Total capital inflow: $1,562,860.50 from both tranches combined.
• Purpose of proceeds: To reinforce the company’s financial position and provide internally generated capital for its 360‑degree battery‑metals value‑chain activities (exploration, rebalancing, recycling).
• Management comment: CEO Massimo Bellini Bressi highlighted strong shareholder participation and alignment with the company’s long‑term vision.

Notable Quotes

“Management is very pleased with the level of warrant exercise participation achieved during this period,” said Massimo Bellini Bressi, chief executive officer of Battery X Metals. “The proceeds from the warrant exercises have reinforced our financial position and provided additional internally generated capital to support our integrated 360‑degree approach to the battery metals value chain…”