Battery X Metals Announces Private Placement Financing to Advance Corporate Growth and Strategic Initiatives to Strengthen Financial Position and Enhance Capital Markets Presence

Executive Summary

• Battery X Metals announced a non‑brokered private placement of up to 1,176,471 units at $2.55 per unit for gross proceeds of up to $3 million, expected to close around January 16, 2026.
• The company will settle up to $850,000 of outstanding indebtedness by issuing 188,889 common shares at a deemed price of $4.50 per share, also closing circa January 16, 2026.
• An additional €80,000 (≈ CAD $129,000) has been allocated to its corporate‑awareness marketing engagement with bullVestor Medien GmbH for a three‑month campaign targeting the German investment community.

Key Details

• Private Placement Structure – Each unit consists of one common share and one transferable warrant to purchase an additional share at $3.00 per share, exercisable for 24 months from closing.
• Pricing & Proceeds – Unit price: $2.55; total units: up to 1,176,471; maximum gross proceeds: $3,000,000.
• Closing Timeline – Anticipated closing on or about January 16, 2026, subject to CSE compliance and a statutory hold period of four months plus one day.
• Use of Proceeds – Funds will support corporate development, regulatory matters, payment of outstanding payables/indebtedness, corporate awareness activities, general working capital, and the company’s 360° battery‑metals strategy (exploration, rebalancing, recycling).
• Debt Settlement – Up to $850,000 of debt to be settled by issuing 188,889 common shares at a deemed price of $4.50 per share. Closing expected same as private placement; securities also subject to the statutory hold period.
• Corporate Awareness Engagement – Budget increase for bullVestor Medien GmbH marketing services: additional €80,000 (≈ CAD $129,000) payable by Jan 7, 2026. Original fee was €150,000 (≈ CAD $245,000). No stock options granted; bullVestor holds no securities of the company.
• Insider Participation – Insiders may participate in both financing transactions; the company will rely on MI 61‑101 exemptions as insider participation is expected to be ≤25 % of market cap value.

Notable Quotes

“These strategic initiatives provide us with the capital and visibility needed to accelerate our integrated battery‑metals strategy and strengthen our balance sheet,” – Massimo Bellini Bressi, CEO & Director.