Battery X arranges $3-million private placement

Executive Summary

• Battery X Metals Inc. announced a proposed non-brokered private placement to raise up to $3 million in gross proceeds by issuing up to 1,176,471 units at $2.55 per unit.
• The company will settle up to $850,000 in outstanding indebtedness by issuing 188,889 common shares at a deemed price of $4.50 per share.
• An amendment to a corporate awareness marketing engagement with bullVestor Medien GmbH adds €80,000 (~$129,000) to the original fee, payable by January 7, 2026.

Key Details

• Private Placement Size & Price: Up to 1,176,471 units at $2.55 per unit for aggregate gross proceeds of up to $3,000,000.
• Warrant Terms: Each unit includes one transferable common share purchase warrant exercisable at $3.00 per share for a period of 24 months from closing.
• Use of Proceeds: Corporate development, regulatory matters, strategic capital market initiatives, payment of outstanding payables and indebtedness, corporate awareness, and general working capital.
• Statutory Hold Period: 4 months and 1 day from the date of issuance for all securities issued under the private placement and debt settlement.
• Debt Settlement Terms: Up to $850,000 in indebtedness to be satisfied via issuance of 188,889 common shares at a deemed price of $4.50 per share.
• Anticipated Closing Date: On or about January 16, 2026, subject to compliance with Canadian Securities Exchange policies.
• Marketing Engagement Amendment: Original fee of €150,000 (~$245,000) increased by €80,000 (~$129,000) for a 3-month campaign commencing November 21, 2025; additional fee payable on or before January 7, 2026.
• Marketing Scope: bullVestor will handle strategic planning, procurement, and implementation of native advertising campaigns across premium financial networks to increase awareness among the German investment community.
• Insider Participation & Exemptions: Insiders may participate in the financing and debt settlement; the company intends to rely on MI 61-101 exemptions (5.5(a) and 5.7(a)) as insider participation in the debt settlement will not exceed 25% of the company's market capitalization.
• No Option Grants: Explicitly confirmed that no stock options have been granted to bullVestor or its principals under the marketing engagement.