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The Market Online
16-06-2025
- Automotive
- The Market Online
Battery X Metals validates EV battery rebalancing technology through successful real-world trials
Battery X Metals (CSE:BATX) announced a major milestone in the development of its next-generation lithium-ion battery rebalancing technology The system successfully rebalanced all cells to 4.20 volts, recovering 1.95 ampere-hours of capacity—a 3.9 per cent increase in usable energy The system is designed for both repair and second-life repurposing of lithium-ion batteries, supporting sustainability goals and reducing the need for costly replacements Battery X Metals stock (CSE:BATX) last traded at $0.33 Battery X Metals (CSE:BATX) announced a major milestone in the development of its next-generation lithium-ion battery rebalancing technology. Its wholly owned subsidiary, Battery X Rebalancing Technologies Inc., has successfully validated the core innovations described in its provisional patent applications filed with the United States Patent and Trademark Office (USPTO) through a series of real-world preliminary trials. The company's second-generation rebalancing platform, known as Prototype 2.0 (pictured above), demonstrated exceptional performance in restoring lost capacity in electric vehicle (EV) battery packs due to cell-level imbalances. These trials mark a significant step forward in Battery X's mission to extend the lifespan of EV batteries and reduce long-term ownership costs for consumers and fleet operators. In one trial, Prototype 2.0 was tested on a 96-cell battery pack from a Nissan Leaf—one of the most common out-of-warranty EV models in the U.S. Despite only minor voltage imbalances, the system successfully rebalanced all cells to 4.20 volts, recovering 1.95 ampere-hours of capacity—a 3.9 per cent increase in usable energy. This result highlights the precision and scalability of the technology, even in relatively healthy battery packs. A second trial involved a 144-cell battery pack from a fully electric Class 3 commercial vehicle exhibiting significant imbalance. Prototype 2.0 recovered 66.3 ampere-hours, representing a 37.7 per cent recovery of the pack's rated capacity. The system achieved 100 per cent recovery of imbalance-induced capacity loss, demonstrating its robustness under more demanding conditions and its applicability to commercial EV platforms. 'The trials are confirming exactly what we filed with the USPTO,' Massimo Bellini Bressi, CEO of Battery X Metals said in a media release. 'To see both passenger and commercial electric vehicle battery platforms respond with full imbalance-related capacity recovery proves our technological innovations work-and it works where it matters most: in real-world environments with real-world degradation caused by battery cell imbalance.' The company's proprietary hardware and software platform includes advanced diagnostic tools capable of assessing battery State-of-Health (SoH) and identifying degradation patterns. The system is designed for both repair and second-life repurposing of lithium-ion batteries, supporting sustainability goals and reducing the need for costly replacements. Battery X's technology has also been independently validated by the National Research Council (NRC) of Canada. In a controlled test, the system successfully rebalanced a 15-cell LiFePO4 battery module, recovering nearly all capacity lost due to artificially induced imbalances. With global EV sales reaching 17.1 million units in 2024 and projections indicating that nearly 40 million EVs will fall out of warranty by 2031, the need for cost-effective battery maintenance solutions is growing rapidly. Battery X Rebalancing Technologies aims to position itself as a first mover in this emerging market. Looking ahead, the company plans to expand its validation program to include a broader range of EV battery chemistries and configurations. These efforts will support commercialization and market readiness for Prototype 2.0 across both consumer and fleet-based applications. Battery X Rebalancing Technologies' innovations represent the culmination of years of research and development and underscore the company's commitment to supporting the global transition to sustainable electric mobility. Battery X Metals Inc. is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Battery X Metals stock (CSE:BATX) last traded at $0.33 and has risen 266.67 per cent since the year began and 17.65 per cent since this time last year. Join the discussion: Find out what everybody's saying about this stock on the Battery X Metals Bullboard, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Associated Press
02-06-2025
- Business
- Associated Press
Battery X Metals Unveils Next-Generation Lithium-Ion Battery Rebalancing Machine Following Successful Full Capacity Recovery on a Real-World Imbalanced Battery from the #2 Out-of-Warranty Electric Vehicle Model in the United States in Preliminary Trial
News Release Highlights: VANCOUVER, BC / ACCESS Newswire / June 2, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW)(WKN:A40X9W) ('Battery X Metals' or the 'Company') an energy transition resource exploration and technology company, announces that, further to its news release dated May 27, 2025 confirming the scheduling of its Exclusive Live Investor Reveal Event, and its news release dated May 30, 2025 announcing the successful completion of a preliminary trial (the 'Trial') using Prototype 2.0 on a real-world naturally imbalanced battery pack from the second most common out-of-warranty electric vehicle model in the United States-the Nissan Leaf-the Company is pleased to unveil its second-generation, patent-pending lithium-ion battery rebalancing machine ('Prototype 2.0"), developed by its wholly owned subsidiary, Battery X Rebalancing Technologies Inc. ('Battery X Rebalancing Technologies'). As disclosed in the Company's news release dated May 30, 2025, the Trial marks the first real-world application of Prototype 2.0, validating the Company's proprietary rebalancing technology outside of controlled laboratory environments. The results demonstrated 100% recovery of imbalance-related capacity loss, confirming Prototype 2.0's ability to rebalance cell-level voltages and restore usable ampere-hour capacity in aging battery packs. 'This milestone represents a significant inflection point in our validation journey,' said Massimo Bellini Bressi, CEO of Battery X Metals. 'With Prototype 2.0, we've not only confirmed the technology's ability to detect and correct cell imbalances with precision, but we've now proven it can perform in real-world conditions. We believe this is the first of many major validations that will drive adoption of rebalancing as a viable solution for electric vehicle battery longevity.' Prototype 2.0 Unveiled During Live Reveal Event On May 30, 2025, Battery X Metals hosted its previously announced Exclusive Live Investor Reveal Event (the 'Live Reveal Event'), where it formally presented Prototype 2.0 to the public for the first time. The Live Reveal Event featured a live walkthrough of the system, a dedicated corporate video showcasing Prototype 2.0's design and functionality, and commentary from management on the Company's development roadmap and upcoming milestones. Attendees were also shown an explanatory summary video about battery rebalancing, which outlines how lithium-ion cell imbalances affect battery performance and emphasizes the critical role of rebalancing in prolonging battery life. The Company encourages all shareholders, stakeholders, industry participants, and interested parties to watch the featured videos to gain a deeper understanding of Prototype 2.0's patent-pending technology, the rebalancing process, and the significance of this validation milestone. Watch the featured videos here: Prototype 2.0 Summary of Trial Results As disclosed in the Company's news release dated May 30, 2025, the Trial results (the 'Results') were performed using Prototype 2.0 on the Nissan Leaf Battery Pack, The Nissan Leaf Battery Pack was first charged at 12 amperes using Battery X Rebalancing Technologies' cycling module to simulate a standard electric vehicle charging cycle. Once the first cell reached the voltage target of 4.20 volts (the 'Voltage Target'), a rebalancing current between 0 and 3 amperes was applied individually to the remaining cells until all 96-battery cells successfully reached the Voltage Target. The Voltage Target lies within the standard operating range for LMO and LNO lithium-ion cells of 3.0 volts to 4.20 volts, with 4.20 volts commonly recognized as the full capacity in the industry¹. According to the diagnostic report provided by the vendor of the Nissan Leaf Battery Pack (the 'Battery Vendor Diagnostic Report'), the reported measured effective ampere-hour capacity of the Nissan Leaf Battery Pack prior to rebalancing was 50.34 ampere-hours (Ah). This served as the baseline capacity for the Trial. Following the Trial, Prototype 2.0's integrated software determined that 1.95 Ah of additional capacity had been successfully restored. While the Battery Vendor Diagnostic Report did not quantitatively indicate a loss of capacity, it indicated that the Nissan Leaf Battery Pack was operating at 50.34 Ah with minor voltage imbalance that placed the voltage below the Voltage Target. Rebalancing the cells to the Voltage Target achieved a 3.9 percent improvement in usable capacity. The restored 1.95 Ah corresponds to the full theoretical rebalancing increase based on the Voltage Target achieved, and represents full recovery of the minor voltage imbalance indicated on the Battery Vendor Diagnostic Report. These results were determined by the Trial based on achieving the Voltage Target across all 96-battery cells, along with a software feature of Prototype 2.0 that shows the ampere-hours (Ah) capacity restored through rebalancing for each individual cell, with the largest discrepancy being 1.95 Ah, based on the Voltage Target. Battery X Rebalancing Technologies interprets this result as confirmation of Prototype 2.0's ability to restore all imbalance-induced lost capacity through precise voltage alignment and battery-cell level rebalancing. Results Battery X Rebalancing Technologies views this successful demonstration as a critical step in the technology validation process, paving the way for expanded testing, operational protocol development, and eventual commercial deployment. Refer to the Company's news release dated May 30, 2025, for additional information pertaining to the Trial and Results. The Problem: Rising EV Adoption Presents New Battery Lifecycle Challenges In 2024, global EV sales reached approximately 17.1 million units, representing a 25% increase from 20232. With cumulative global EV sales from 2015 to 2023 totaling an estimated over 40 million units3, a significant share of the global EV fleet is expected to exit warranty coverage over the coming years. By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage4,5. This projection is based on current EV adoption figures and standard industry warranty terms, and underscores a growing risk for EV owners facing battery degradation, reduced capacity, and costly replacement requirements6. As the global EV fleet continues to expand, the demand for technologies that extend battery life, reduce long-term ownership costs, and support a sustainable transition to electric mobility is increasing. The Solution: Pioneering Next-Generation Technologies to Support Lithium-Ion Battery Longevity Battery X Rebalancing Technologies' proprietary software and hardware technology aims to address this challenge by extending the lifespan of EV batteries. This innovation is being developed with the aim to enhance the sustainability of electric transportation and the goal to provide EV owners with a more cost-effective, environmentally friendly ownership experience by reducing the need for costly battery replacements. Battery X Rebalancing Technologies' rebalancing technology, validated by the National Research Council of Canada ('NRC'), focuses on battery cell rebalancing. The NRC validation demonstrated the technology's ability to effectively correct cell imbalances in lithium-ion battery packs, recovering nearly all lost capacity due to cell imbalance. The validation was conducted on battery modules composed of fifteen 72Ah LiFePO₄ cells connected in series. The cells were initially balanced to a uniform state of charge (SOC), with a measured discharge capacity of 71.10Ah. In the validation test, three of the fifteen cells were then artificially imbalanced-one cell was charged to a 20% higher SOC, and two cells were discharged to a 20% lower SOC-resulting in a reduced discharge capacity of 46.24Ah, following rebalancing using Battery X Rebalancing Technologies' rebalancing technology. These advancements establish Battery X Rebalancing Technologies as a participant in lithium-ion and EV battery solutions, aiming to tackle the critical challenges of capacity degradation of battery packs and expensive replacements. By extending the lifecycle of battery materials within the supply chain, Battery X Rebalancing Technologies aims to support the energy transition and promote a more sustainable future. 1 Battery University , 2 Rho Motion - Global EV Sales 2024, 3 IEA Global EV Outlook 2024, 4 IEA, 5 U.S. News, 6 Recurrent Auto About Battery X Metals Inc. Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:5YW, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit On Behalf of the Board of Directors Massimo Bellini Bressi, Director For further information, please contact: Massimo Bellini Bressi Chief Executive Officer Email: [email protected] Tel: (604) 741-0444 Disclaimer for Forward-Looking Information This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or performance and include statements regarding: the performance, functionality, and commercial potential of Prototype 2.0; the anticipated continuation and expansion of real-world testing; the Company's ability to conduct further trials across additional electric vehicle battery platforms; the development and refinement of standard operating procedures for rebalancing workflows; the validation and applicability of the Company's proprietary rebalancing technology to other lithium-ion chemistries and vehicle models; the potential for adoption of rebalancing technologies to extend battery lifespan and reduce ownership costs; the scalability and integration of the technology within commercial EV service environments; the Company's role in supporting the broader energy transition and battery circular economy; and future revenue generation, partnerships, and commercial deployment opportunities. Forward-looking statements are based on management's reasonable assumptions, expectations, estimates, analyses, and opinions as of the date of this news release. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to: the ability to replicate real-world trial results at scale or across different battery configurations; the ongoing performance of Prototype 2.0 in controlled and uncontrolled environments; evolving market acceptance of battery rebalancing technologies; the Company's ability to secure strategic partnerships and funding; general business, technological, regulatory, and economic conditions; and other risk factors disclosed in the Company's public filings on There can be no assurance that the Company's technology will function as intended in all scenarios, that further validation will yield consistent results, or that rebalancing will be broadly adopted as a standard EV battery maintenance or longevity solution. The Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. SOURCE: Battery X Metals press release
Associated Press
26-04-2025
- Automotive
- Associated Press
Battery X Metals Announces Strategic Agreement to Advance Artificial Intelligence-Driven Exploration of Critical Battery Metals in Nevada, USA
News Release Highlights: VANCOUVER, BC / ACCESS Newswire / April 25, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:R0W,WKN:A40X9W)('Battery X Metals' or the 'Company') an energy transition resource exploration and technology company, announces that, effective April 16, 2025, its wholly-owned subsidiary, Battery X Discoveries Inc. ('Battery X Discoveries'), has entered into a binding memorandum of understanding (the 'MOU') with TerraDX Discoveries Inc. ('TerraDX') and MineMind Metals Inc. ('MineMind'), establishing a strategic joint venture framework for collaborative exploration in the state of Nevada, USA using innovative artificial intelligence (AI)-powered mineral targeting technologies. Battery X Metals' Comprehensive 360° Strategy Across the Battery Metals Value Chain As previously disclosed in the Company's news release dated February 24, 2025, Battery X Metals is advancing a comprehensive 360° strategy across the battery metals sector. This strategy encompasses the exploration of prospective battery metal properties; the development of proprietary recovery technologies, in collaboration with a globally ranked top 20 university, to recover battery-grade materials from end-of-life batteries; and the development of proprietary software and hardware technology for the rebalancing and lifespan extension of lithium-ion and electric vehicle (EV) batteries. Battery X Discoveries' strategic agreement with TerraDX, aimed at deploying advanced AI-driven mineral targeting technologies, further strengthens the Company's exploration efforts and reinforces its commitment to innovation across the battery metals value chain. Convergence of Artificial Intelligence & Battery Metal Exploration Battery X Discoveries and TerraDX intend to form a dedicated joint venture (the 'Battery Metals JV') that will leverage TerraDX's proprietary AI foundation model (the 'AI Model') to drive subsurface intelligence and accelerate critical battery metal discoveries in Nevada. The AI Model is designed to integrate and analyze large, complex geological datasets-often siloed and underutilized-to uncover high-probability mineral targets. This data-driven approach is expected to de-risk early-stage exploration, shorten discovery timelines, and unlock new opportunities for lithium, cobalt, graphite, nickel, and manganese deposits. The strategic intent is to acquire and explore highly prospective AI-identified mineral claims, using TerraDX's predictive platform to prioritize targets with the strongest potential to deliver meaningful discoveries in support of the clean energy transition. 'This agreement represents a forward-looking step in our 360° strategy to build an integrated battery metals supply chain,' said Massimo Bellini Bressi, CEO of Battery X Metals. 'Expanding into the U.S. aligns with our long-term vision, and Nevada-given its geological potential and strategic importance-is a natural next frontier for our exploration vertical.' 'Our collaboration with Battery X Metals is a compelling opportunity to apply our AI platform in one of the most promising battery metal jurisdictions in the world,' said Colby Mintram, CEO of TerraDX. 'By harnessing large-scale geoscience data, we aim to identify and accelerate discoveries that might otherwise remain hidden for years.' Over the next quarter, TerraDX will commence training of its proprietary AI model using Nevada-specific geological datasets, with the objective of identifying high-probability mineralization targets. Subject to the availability of sufficient capital resources and the identification of highly prospective claims or projects, the proposed joint venture anticipates proceeding with the staking or acquisition of select properties, with an initial budget estimate of $50,000 to $100,000. This may be followed by fieldwork and early-stage exploration activities, including sampling and geophysical surveys, also budgeted in the range of $50,000 to $100,000. Any decision to undertake a more extensive drilling program will be contingent upon favorable exploration results and will be subject to a separate budget determination at that time. Nevada's Strategic Role in Advancing U.S. Battery Metal Supply Chain Independence Nevada is one of the most resource-rich jurisdictions in the United States for critical battery metals, particularly lithium. The state is estimated to hold approximately 85% of the nation's known lithium deposits, largely due to the state's arid environment and closed basin hydrologic systems which have combined over millions of years to deposit vast amounts of the mineral deemed critical to the clean energy movement.1 According to the U.S. Geological Survey (USGS), commercial-scale lithium production in the United States in 2023 came solely from a continental brine operation in Nevada2 - the Silver Peak facility operated by Albemarle Corporation. This made Nevada the sole domestic producer of lithium that year. Nevada is also home to Thacker Pass, located within the McDermitt Caldera in Humboldt County. It is recognized as thelargest measured lithium reserve and resource in the world.3 In October 2024, General Motors (GM) announced a $625 million investment in the Thacker Pass project, acquiring a 38% equity stake in a joint venture with Lithium Americas. The deal includes $430 million in direct project funding and a $195 million letter of credit facility.4 These resource developments align with federal policy initiatives to secure critical mineral supply chains. The Defense Production Act has been invoked to accelerate domestic lithium production and reduce reliance on foreign sources.5 Additionally, the Infrastructure Investment and Jobs Act (IIJA) allocates funding for critical mineral processing, battery material recovery, and lithium-ion battery recycling in the U.S.6 As the United States prioritizes domestic critical mineral development, Battery X Discoveries aims to leverage Nevada's unique geological potential through its strategic agreement with TerraDX. The partnership aims to deploy propriety artificial intelligence (AI) to identify and explore highly prospective critical battery metal projects including lithium, cobalt, graphite, and other battery metal targets across the state. With vast lithium occurrences, proven production, and a pro-mining regulatory environment, Nevada offers an unparalleled foundation for AI-driven exploration. This strategic agreement reinforces Battery X Metals' integrated 360° strategy across the battery metals value chain-spanning critical battery metal exploration, battery material recovery technology development in partnership with a globally recognized top 20 university, and patent-pending battery lifespan extension technology-and positions the Company at the forefront of next-generation solutions supporting U.S. clean energy and electrification goals. Terms of the MOU Pursuant to the MOU, Battery X Discoveries and TerraDX intend to form the Battery Metals JV focused exclusively on the identification, acquisition, and exploration of lithium, cobalt, graphite, nickel, manganese, and other battery metals within the state of Nevada, USA. The MOU also contemplates the formation of a second, separate joint venture between TerraDX and MineMind, which will focus on the exploration and development of gold, base, and other critical metals in Nevada. Both joint ventures will operate independently, with clearly defined mineral scopes and coordination protocols to avoid operational overlap and ensure efficient project execution. Under the terms of the binding MOU, the Battery Metals JV will be co-owned on a 50/50 basis by Battery X Discoveries and TerraDX. Battery X Discoveries will serve as the operator, assuming responsibility for all permitting, claim acquisition, exploration activities, and on-the-ground operations. The Battery Metals JV will be exclusively focused on the exploration and potential development of battery metals-specifically lithium, cobalt, graphite, nickel, manganese, and other energy storage-related minerals. It will not have rights to explore or develop gold, base, or critical metals, which fall under a separate joint venture established between TerraDX and MineMind. The Battery Metals JV will operate exclusively within the state of Nevada, unless otherwise mutually agreed upon in writing. TerraDX will deploy its proprietary machine learning model specifically configured for battery metal exploration. The AI-driven platform will analyze geological, geophysical, and geochemical data to generate mineral prospectivity maps and target areas, which will be made available exclusively to the Battery Metals JV. TerraDX will maintain strict separation between the data, outputs, and AI models used in the Battery Metals JV and those developed for its separate joint venture with MineMind. The Battery Metals JV will be governed by a Management Committee composed equally of representatives from Battery X Discoveries and TerraDX. Additionally, a three-party Coordination Committee-including Battery X Discoveries, TerraDX, and MineMind-will be established to address inter-JV matters, including potential overlaps or shared discoveries involving both battery and non-battery metals. In the event a mineral discovery contains both battery and non-battery metals in commercially viable quantities, the parties have agreed to a defined protocol: a joint evaluation committee will be formed, an independent economic assessment will be conducted, and the parties will determine whether to (i) create a special-purpose JV, (ii) geographically divide the asset, or (iii) implement a royalty-sharing mechanism based on the relative value contribution of each mineral group. Battery X Discoveries and TerraDX will equally share all funding and operational costs related to the Battery Metals JV. TerraDX may contribute up to $100,000 in pre-formation development credits and an additional $25,000 per year in annual maintenance credits (beginning in year two) toward its capital obligations, subject to the condition that a minimum cash contribution of $125,000 is made prior to the application of such credits. In the event a party fails to meet its funding obligations, its interest in the Battery Metals JV may be diluted in accordance with the agreed dilution formula. If a party's interest falls below 10%, it will automatically convert to a 1% Net Smelter Return (NSR) royalty, and the party will forfeit its voting rights and governance role within the Battery Metals JV. Each party will also hold a right of first refusal (ROFR) on any proposed transfer of interest in the Battery Metals JV by the other party, including NSR interests resulting from dilution. Battery X Discoveries will receive a royalty-free, exclusive license to use TerraDX's proprietary AI platform for the purposes of the Battery Metals JV. TerraDX retains ownership of its core AI technologies, while all exploration data, outputs, and jointly developed mineral targeting derived from the Battery Metals JV will be co-owned by both parties. The MOU is effective for a term of five (5) years and forms the foundation for the negotiation and execution of formal joint venture and intellectual property agreements. Definitive joint venture agreements and related IP arrangements are expected to follow, aligning with the principles outlined in the MOU. 1 Nevada Independent, 2 USGS Mineral Commodity Summaries 2025 - Lithium, 3 LAC, 4 Reuters - GM Invests $625M in Lithium Americas , 5 U.S. Department of Defense - DPA Awards , 6 U.S. Congressional Research Service - Critical Minerals and IIJA About Battery X Metals Inc. Battery X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:R0W, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic battery and critical metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit About TerraDX Discoveries Inc. TerraDX Discoveries Inc. is a technology company specializing in Machine Learning applications for mineral exploration and subsurface intelligence. The company's proprietary AI Models analyze geological, geochemical, and geophysical data to identify high-potential mineral exploration targets with unprecedented accuracy. For more information, visit On Behalf of the Board of Directors Massimo Bellini Bressi, Director For further information, please contact: Massimo Bellini Bressi Chief Executive Officer Email: [email protected] Tel: (604) 741-0444 Disclaimer for Forward-Looking Information This news release contains forward-looking statements within the meaning of applicable securities laws. These statements relate to the Company's plans, objectives, and expectations with respect to the formation and operation of the Battery Metals JV pursuant to the MOU and the Company's broader business strategy. Specific forward-looking statements in this release include, but are not limited to: the intention of the Company to form a joint venture with TerraDX and the proposed structure, governance, capital contributions, and operational scope of the Battery Metals JV; the anticipated deployment, integration, and performance of TerraDX's proprietary AI technology for the identification of high-potential battery metal targets; the expectation that the AI platform will de-risk early-stage exploration, shorten discovery timelines, and unlock new mineral opportunities; the proposed staking or acquisition of select properties in Nevada and the initial and subsequent exploration budgets and activities, including sampling, geophysics, and potential drilling; the execution of definitive joint venture and intellectual property agreements; the strategic rationale for selecting Nevada as a jurisdiction for AI-driven exploration; the ability of the MOU and JV structure to reinforce the Company's 360° battery metals strategy, including exploration, recycling, and battery lifespan extension; the Company's ability to leverage AI to identify and explore lithium, cobalt, graphite, nickel, manganese, and other battery metals; the anticipated roles and responsibilities of Battery X Metals and TerraDX in the JV, including operator status, permitting, claim acquisition, and exploration activities; the licensing of TerraDX's AI platform for JV purposes; and the future outcomes of inter-JV coordination, data sharing, and intellectual property co-ownership protocols. Forward-looking statements are based on the beliefs, assumptions, and expectations of management at the time they are made. These assumptions include, but are not limited to: the successful negotiation and execution of definitive agreements in accordance with the MOU; the availability, quality, and reliability of relevant geological, geophysical, and geochemical data; the successful integration and real-world performance of TerraDX's AI platform; the ability to acquire prospective mineral claims; the availability of sufficient financing and resources to fund JV activities; the receipt of required regulatory and permitting approvals; and favorable exploration outcomes supporting advancement to drilling or development stages. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated in such statements. These risks include, but are not limited to: failure to negotiate and execute definitive agreements; performance limitations or technical issues related to the AI platform; unanticipated exploration or operational challenges; lack of access to required data or capital; changes in regulatory or permitting regimes; fluctuations in commodity prices; and general market or economic conditions. The Company does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable law. Investors are cautioned not to place undue reliance on forward-looking statements and are encouraged to consult the Company's continuous disclosure filings available on SEDAR+ ( ) for further risk factors and information. SOURCE: Battery X Metals press release
Associated Press
31-03-2025
- Business
- Associated Press
Battery X Metals Closes Acquisition of All Remaining Shares of Lithium-Ion Battery Diagnostics and Rebalancing Technology Company
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / March 31, 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, further to the Company's news release dated March 20, 2025, it has completed, effective March 28, 2025, the acquisition of the remaining 51% of the common shares of Li-ion Battery Renewable Technologies Inc. ('LIBRT') pursuant to the exercise of its Call Right, as defined therein, from the LIBRT shareholders in consideration for 3,030,296 common shares (the 'Shares') of the Company (the 'Acquisition'). No finder's fees are payable in connection with the Acquisition. Since acquiring its initial 49% interest in 2024, as disclosed in the Company's news releases dated September 27, 2024, and October 2, 2024, LIBRT has reached key milestones in technology development, strengthened its partnership with Beijing Pengneng Science & Technology Ltd. through a Second Amended Agreement, and significantly progressed the design, development, and production of its Diagnostic and Rebalancing Machine Prototype 2.0, scheduled for delivery in April 2025. LIBRT has also retained a leading patent law firm to file provisional patents for its proprietary lithium-ion battery diagnostic and rebalancing technology. In light of these milestones, Battery X Metals determined that consolidating full ownership of LIBRT would support its long-term strategic vision, as outlined in the Company's roadmap shared in its February 24, 2025 news release. This Acquisition aligns with the Company's commitment to developing a vertically integrated and sustainable battery supply chain through its three core verticals: critical battery metal exploration, proprietary material recovery technologies, and battery diagnostics and rebalancing solutions. Battery X Metals plans to advance its exploration portfolio with the goal of discovering new sources of key minerals, thereby supporting long-term supply for the battery industry. In parallel, the Company is developing eco-friendly battery-grade material recovery technologies that avoid traditional smelting and leaching methods, instead reclaiming critical battery materials from end-of-life lithium-ion batteries through low-impact processes. Complementing these efforts, LIBRT's proprietary rebalancing technology is designed to extend the lifespan of EV and lithium-ion batteries-reducing waste and demand for raw materials. Together, these three pillars position Battery X Metals to address material shortages while enabling a more circular and sustainable battery ecosystem. 'The consolidation of LIBRT marks a pivotal moment for Battery X Metals as we execute on our vision of building a fully integrated and sustainable battery technology platform,' said Massimo Bellini Bressi, CEO of Battery X Metals. 'With LIBRT's cutting-edge diagnostics and rebalancing capabilities, we're not only addressing battery material scarcity-but also shaping a smarter, cleaner future for the lithium-ion and EV battery industry.' With full ownership of LIBRT, Battery X Metals continues to strengthen its foundation for sustainable innovation and long-term growth. The Company's diversified 360° approach to the battery metals industry includes: Expanding and advancing a portfolio of critical battery metal exploration properties across North America; Developing eco-friendly, proprietary battery-grade material recovery technology- in partnership with a globally top-20 ranked mining engineering university- to extract critical battery materials from end-of-life lithium-ion batteries; and Pioneering lithium-ion battery diagnostic and rebalancing technologies designed to extend the life and performance of electric vehicle (EV) and energy storage batteries. Battery X Metals remains committed to supporting the global energy transition and building a circular economy for the battery industry. Terms of the Acquisition Of the 3,030,296 Shares of the Company to be issued on closing of the Acquisition, 1,818,176 Shares to be issued to management and key personnel of LIBRT are subject to a 12-month voluntary release escrow on a pro rata basis. This restriction will be implemented through the use of restrictive legends imprinted on the share certificates or DRS statements, as applicable, following closing. Certificates and DRS statements (as applicable) for these escrowed shares will be separated into 12 separate certificates or statements, which will be delivered at closing to each applicable vendor. Each certificate or statement, except for the first, which will not be subject to a restrictive legend, will carry a distinct hold period expiring in consecutive 30-day intervals, resulting in a total of 12 release periods from March 28, 2025. The remaining 1,212,120 Shares issued on closing are not subject to any restrictions. Additionally, each vendor has agreed not to sell, transfer, assign, or dispose of any Shares exceeding 10% of the daily trading volume on the CSE unless otherwise approved in writing by the Company. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the '1933 Act'), or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws. About Battery X Metals Inc. Battery X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:R0W, WKN:A3EMJB) is an energy transition resource exploration and technology company committed to advancing domestic battery and critical metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit About Li-ion Battery Renewable Technologies Inc. Li-ion Battery Renewable Technologies Inc. is a development-stage battery technology company based in Vancouver, BC, focused on becoming a leader in lithium-ion battery diagnostics and renewal technologies. LIBRT utilizes innovative and proprietary technology to diagnose and extend the lifespan of electric vehicle (EV) batteries. Its battery cell rebalancing technology addresses capacity degradation caused by cell imbalances, helping to extend battery life, reduce the need for costly replacements, keep batteries out of landfills, and minimize the demand for mining critical metals. Additionally, LIBRT is developing advanced diagnostic equipment for EV battery services. On Behalf of the Board of Directors Massimo Bellini Bressi, Director For further information, please contact: Massimo Bellini Bressi Chief Executive Officer Email: [email protected] Tel: (604) 741-0444 Disclaimer for Forward-Looking Information This news release contains 'forward-looking statements' and 'forward-looking information' within the meaning of applicable Canadian securities legislation (collectively, 'forward-looking statements'). Forward-looking statements are not historical facts and are typically identified by words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'estimates,' 'potential,' 'scheduled,' or similar expressions suggesting future outcomes. These statements include, but are not limited to, statements regarding: the anticipated benefits of the Acquisition of Li-ion Battery Renewable Technologies Inc. ('LIBRT'), the Company's strategic plans and vision, the development, performance, and delivery timeline of LIBRT's Diagnostic and Rebalancing Machine Prototype 2.0, the filing of intellectual property and patents, the potential environmental and industry impact of LIBRT's proprietary technologies, and the Company's broader strategy to develop a vertically integrated, eco-friendly battery supply chain across its core business verticals. Forward-looking statements are based on management's current beliefs, expectations, and assumptions, including, but not limited to: the ability to integrate LIBRT successfully, ongoing development and deployment of LIBRT's technologies, timely delivery of Prototype 2.0, successful protection of intellectual property, and favorable market and regulatory conditions. However, these forward-looking statements involve risks and uncertainties, many of which are beyond the Company's control. Actual results may differ materially from those expressed or implied due to various factors, including but not limited to: regulatory approvals and changes, integration risks related to the Acquisition, delays or challenges in technological development, uncertainty around intellectual property filings and protections, market demand for battery technologies, general economic conditions, geopolitical developments, and risks related to the battery metals and clean technology sectors. Readers are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements contained in this release are made as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law. For additional information on risks and uncertainties, readers should consult the Company's public filings available on SEDAR+ at
