Battery X Metals Announces $2 Million Private Placement and Debt Settlement Initiative

Battery X Metals Inc. has unveiled plans for a non-brokered private placement, aiming to raise up to $2 million. This initiative involves issuing 727,272 units at $2.75 per unit. Each unit comprises one common share and one transferable warrant, allowing acquisition of an additional share at $3.00 within 24 months post-closing. This move supports the company's growth and strengthens its financial standing.

The company also plans a debt settlement of $250,000 with creditors, issuing 83,333 common shares at a deemed price of $3.00. Both the financing and debt settlement aim to bolster Battery X Metals' integrated strategy across the battery metals value chain.

Insiders may participate in both initiatives, with exemptions sought under specific securities regulations. The transactions are expected to close by June 12, 2026, contingent on regulatory approvals.