Battery X Metals Completes First Tranche of Private Placement

Battery X Metals Inc. (CSE:BATX) has announced the closing of the first tranche of its non-brokered private placement, raising $600,000.50 through the issuance of 218,182 units at $2.75 each. Each unit consists of one share and one warrant, with warrants exercisable at $3.00 until June 2028. The proceeds will support corporate growth and strategic initiatives, including market activities, debt management, and general capital needs. This aligns with the company's strategy in the battery metals value chain, focusing on exploration, rebalancing, and recycling.

The remaining portion of the placement may close in additional tranches by June 30, 2026. A cash finder's fee of $1,443.75 was paid. The securities will not be registered under the U.S. Securities Act of 1933. Approved completion is subject to the Canadian Securities Exchange policies.