Battery X Metals Announces Formation of Critical Battery Metals Exploration Subsidiary and Expansion of Quebec Exploration Portfolio with Acquisition of 39 Additional Mineral Claims

In This Article:

News Release Highlights:

  1. Battery X Metals forms Battery X Discoveries Inc., a new wholly-owned subsidiary focused on advancing critical battery metal exploration across North America.

  2. Battery X Metals acquires 39 additional mineral claims, comprising claims contiguous to and in proximity to its Reservoir Dozois Project in Abitibi, Quebec, expanding its exploration footprint.

VANCOUVER, BC / ACCESS Newswire / April 10, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:R0W, WKN:A3EMJB) ("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that, effective April 3, 2025, it has incorporated Battery X Discoveries Inc. ("Battery X Discoveries"), a wholly-owned subsidiary focused on the identification, acquisition, and advancement of critical battery metal exploration opportunities across North America.

Formation of Battery X Discoveries Inc. to Advance North American Critical Battery Metal Exploration

The formation of Battery X Discoveries represents a key milestone in the execution of the Company's long-term strategy to secure North American sources of essential battery materials-including lithium, cobalt, graphite, nickel, and manganese-that are vital to the clean energy transition and the resilience of North American supply chains. The new subsidiary will serve as a strategic entity within the Company's broader exploration portfolio, supporting the pursuit of new, high-potential targets through both conventional and technology-enhanced methodologies.

"The formation of Battery X Discoveries aims to strengthen the critical battery metal exploration vertical of our 360° battery metals strategy," said Massimo Bellini Bressi, CEO of Battery X Metals. "The formation of Battery X Discoveries is intended to enable us to deepen our focus on North American critical battery metal resource discovery and reinforces our commitment to building a sustainable and secure supply chain for energy transition materials."

Acquisition of Additional Mineral Claims at Reservoir Dozois Project, Abitibi, Quebec

The Company also announces that, on April 9, 2025, it amended the underlying purchase and sale agreement dated January 11, 2024 (the "Original Agreement") with 1303812 B.C. Ltd. (the "Vendor") and acquired an additional 39 active mineral claims (the "Additional Claims"), comprising certain claims that are contiguous to, and others that are located in proximity to, the Company's existing 8 active mineral claims acquired on January 11, 2024 pursuant to the Original Agreement. The Additional Claims were inadvertently omitted under the Original Agreement which the parties have rectified through the amendment. Collectively, the 47 mineral claims comprise the Reservoir Dozois Project. The additional 39 mineral claims were transferred by the Vendor to the Company's subsidiary for no additional consideration than what was paid under the Original Agreement.

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