Battery X Metals engages US investment bank to support strategic course towards a potential listing on a US securities exchange in line with the United States' growth initiatives

Highlights of the press release:

1. Battery X Metals has appointed a US investment bank as its exclusive financial advisor to assist the company with a potential listing on the Nasdaq and thus advance its long-term capital markets strategy.
2. The contract supports Battery X Metals' potential broader growth initiatives in the US, including the future commercialization of its patent-pending electric vehicle battery rebalancing device with a long-term strategic focus on the US market, the future continuation of battery recycling research and development in collaboration with a top 20 global university, and AI-assisted battery metals exploration in Nevada, USA.
3. The Nasdaq listing is sought to strengthen Battery X Metals' positioning as a resource exploration company for the next-generation energy transition and as a technology company pursuing an integrated 360-degree battery metals strategy - from AI-enabled mineral exploration to sustainable battery material recovery and electric vehicle battery life extension technologies.

Vancouver, British Columbia - July 11, 2025 / IRW-Press / Battery X Metals Inc. (CSE:BATX) (OTCQB:BATXF) (FWB:5YW, WKN:A40X9W) ("Battery X Metals" or the "Company"), a resource exploration and energy transition technology company, announces that it has engaged a US-based investment bank (the "US Investment Bank") as its exclusive financial advisor and investment banker pursuant to a written agreement (the "Agreement").

Under the terms of the agreement, the US investment bank will provide a range of strategic advisory services to support the Company's ongoing corporate development initiatives, including a potential listing on a US national securities exchange, such as the Nasdaq Composite (Nasdaq), the New York Stock Exchange (NYSE), or the NYSE American (each a "US National Securities Exchange"). The US investment bank's mandate also includes advising on potential financing alternatives, facilitating investor access through non-deal roadshows, and assisting with structural and financial aspects of a potential listing on a US national securities exchange, which may be mutually agreed upon by the parties.

Although the mandate includes all qualified national U.S. securities exchanges, Battery X Metals has selected Nasdaq as its preferred exchange for listing. The Board of Directors and management believe that a Nasdaq listing is consistent with the Company's long-term growth strategy, increases visibility with U.S. institutional and retail investors, and could position Battery X Metals as a next-generation growth company focused on both the U.S. and international markets. This objective is directly supported by the Company's growth initiatives in its core business areas, including the continued validation of its patented technology and rebalancing device for lithium-ion battery cells by its wholly-owned subsidiary, Battery X Rebalancing Technologies Inc. ("Battery X Rebalancing Technologies"), with a view to commercialization. Battery X Rebalancing Technologies' comprehensive commercialization strategy envisions future deployment in automotive service centers and dealership workshops, with a long-term strategic focus on the US market, subject to the successful completion of ongoing product development, validation initiatives, and the conclusion of commercial agreements.

The Company is also advancing the sustainable recycling of lithium-ion batteries through its wholly-owned subsidiary, Battery X Recycling Technologies Inc. ("Battery X Recycling Technologies"), through an amended collaborative research agreement with the Department of Mining Engineering at one of the world's top 20 universities (the "Global Top 20 University"), as announced in the Company's press release dated September 24, 2024. This research focuses on the development of a proprietary froth flotation technology to recover battery-grade materials—including graphite, lithium, nickel, cobalt, manganese, and copper—from end-of-life lithium-ion batteries to support a circular battery economy. While the amended research agreement was entered into on June 30, 2025, Battery X Recycling Technologies is currently exploring the possibility of entering into a new research agreement with the Global Top 20 University to continue and expand on its previous work. Any material developments will be disclosed in accordance with applicable securities laws.

The Company is also advancing artificial intelligence (AI)-enabled mineral exploration through its wholly-owned subsidiary, Battery X Discoveries Inc., through a joint venture agreement entered into pursuant to a binding Memorandum of Understanding (MOU) with TerraDX Discoveries Inc. ("TerraDX") and MineMind Metals Inc., as announced in the Company's press release dated April 25, 2025. This initiative focuses on battery metals exploration in Nevada, USA, using proprietary AI targeting models to advance subsurface knowledge and accelerate the discovery of critical battery metals. The AI models are designed to integrate and analyze large, complex geological datasets—often unintegrated and untapped—to identify high-probability mineral targets. This data-driven approach is designed to reduce risk in early-stage exploration, accelerate discovery times, and unlock new opportunities for lithium, cobalt, graphite, nickel, and manganese deposits. TerraDX is a member of the NVIDIA Inception program, which supports leading AI-focused startups by providing access to advanced computing infrastructure, technical expertise, and support for market launch. This affiliation underscores TerraDX's technological leadership and strengthens the innovation profile of the planned joint venture.

Together, these initiatives reflect Battery X Metals' integrated 360-degree strategy across the entire battery metals value chain – from exploration to rebalancing to recycling – and reinforce the company's commitment to scaling next-generation solutions that support the energy transition.

"This collaboration with the US investment bank is an important step in Battery X Metals' journey toward a listing on a national US securities exchange," said Massimo Bellini Bressi, CEO of Battery X Metals. "We are confident that the US investment bank's extensive capital markets expertise and solid relationships with private and institutional investors will strengthen our strategic positioning and accelerate our growth in the capital markets and our business."

Terms of the Agreement

In consideration for its services, Battery X Metals has agreed to issue to the U.S. investment bank or its designee 577,915 common shares (the "Common Shares") from the capital of the Company, payable in four (4) equal monthly installments beginning on July 20, 2025. The Common Shares carry piggyback registration rights and the same rights granted to other holders of the Company's common shares in connection with the potential listing on a U.S. national securities exchange. The Company further agrees to register these Common Shares under the registration statement to be filed in connection with the potential listing on a U.S. national securities exchange.

For each financing completed through the U.S. investment bank, the company will pay a cash fee equal to 7.0% of the gross proceeds and issue broker warrants equal to 7.0% of the securities sold. The broker warrants will have a term of three years and include customary features such as cashless exercise, anti-dilution, and registration rights. The exercise price will be equal to the price of the securities sold in the applicable financing. In the event of a reverse merger, merger, corporate amalgamation, or other potential listing on a U.S. national securities exchange as part of an M&A transaction, the U.S. investment bank will be entitled to a performance fee equal to 3.5% of the total consideration paid or received in connection with such transaction, subject to customary exclusions. The consideration may include cash, equity securities, debt securities, the assumption or forgiveness of indebtedness, and contingent, deferred, or earn-out payments. The Company has also agreed to reimburse the U.S. Investment Bank for reasonable expenses incurred in connection with the engagement, including legal, travel, and third-party expenses, subject to prior written approval. Legal fees are reimbursable up to US$125,000 if financing is secured and up to US$35,000 if financing is not secured. A "transaction" also includes other strategic events initiated by the U.S. Investment Bank, such as mergers, acquisitions, joint ventures, asset sales, or strategic alliances. The engagement also grants the U.S. Investment Bank a right of first refusal for a period of eighteen (18) months following the closing of any potential listing on a U.S. national securities exchange. If the Company intends to engage an underwriter, placement agent, advisor, or other intermediary on more favorable terms in connection with any financing, it must first offer such terms in writing to the U.S. Investment Bank, and the U.S. Investment Bank may accept the offer within five days. This right does not apply if the U.S. investment bank is terminated for cause, for financings involving no investment bank or broker, or for transactions not brokered by the U.S. investment bank. The engagement includes customary terms regarding confidentiality, indemnity, and dispute resolution.

A potential listing on a U.S. national securities exchange remains contingent upon the Company meeting all applicable qualitative and quantitative listing requirements of a U.S. national securities exchange. These requirements include, among other things, achieving an appropriate minimum bid price, a minimum amount of equity, a free float, a minimum number of round-lot shareholders, and a minimum market capitalization, as well as obtaining all necessary approvals from the applicable exchange, regulatory authorities, and securities commissions.

About Battery X Metals Inc.

Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FWB:5YW, WKN:A40X9W) is an exploration and technology company focused on commodities for the energy transition. To this end, Battery X Metals is committed to advancing the exploration of domestic and critical battery metal deposits while developing proprietary next-generation technologies. With a diversified, 360-degree approach to the battery metals industry, the company focuses on the research, life extension, and recycling of lithium-ion batteries and battery materials. For more information, please visit batteryxmetals.com.

About the US investment bank

The U.S. Investment Bank is a full-service investment banking, securities, and asset management firm headquartered in New York. The U.S. Investment Bank provides a full range of financial services, including investment banking, private wealth management, and global institutional equity, fixed income, and derivatives trading, equity research, and prime brokerage services to a wide range of corporate clients, institutional investors, and high-net-worth individuals. The U.S. Investment Bank is a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB), and is a member of the Financial Industry Regulatory Authority (FINRA), the Securities Insurance Protection Corporation (SIPC), the NASDAQ Stock Market, and NYSE Arca, Inc.

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]

Phone: (604) 741-0444

Disclaimer for forward-looking information

This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this release relate to, among other things, the following: the Company's objectives, strategies, and future plans with respect to the engagement of the U.S. investment bank; the potential listing of the Company's securities on a U.S. national securities exchange; the Company's ability to complete a potential listing on a U.S. national securities exchange or a financing; the ability to satisfy all applicable listing requirements of a U.S. national securities exchange; the anticipated timing, benefits, and results of any potential listing or other capital markets transaction; the scope and success of the advisory services provided by the U.S. investment bank; the potential development, commercialization, and U.S. deployment of the Company's patent-pending electric vehicle battery rebalancing device; the execution of U.S. growth initiatives aligned with the Company's business strategy; the continued development of its battery recycling technologies, including the potential continuation of its research collaboration with a top-20 global university; the progress of its AI-enabled battery metals exploration initiative in Nevada; the development and outcome of the joint venture with TerraDX and MineMind Metals Inc.; and the expected performance, integration capability, and effectiveness of the AI target models used in mineral exploration, including their ability to accelerate discoveries, de-risk early-stage projects, and identify high-probability targets; and the execution of its integrated 360° strategy across the battery metals value chain, including exploration, rebalancing, and recycling. These forward-looking statements are based on current expectations, assumptions, and projections that management believes are reasonable as of the date of this release. However, such statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. These factors include, among others: the Company's ability to meet listing criteria, including minimum price, market capitalization, free float, and shareholder distribution, in addition to the qualitative requirements for listing on a U.S. national securities exchange; the outcome and timing of regulatory and securities commission reviews and approvals; delays in consummating or structuring a potential listing on a U.S. national securities exchange or in obtaining financing; fluctuations in market conditions or investor sentiment; technological or commercial challenges related to product launches; the potential limitations of AI models in geological applications, the availability and quality of geological datasets, and the ability to translate AI-generated insights into actionable exploration results; delays or setbacks in research and development programs; and general economic, regulatory, and geopolitical conditions. Forward-looking statements reflect management's beliefs, assumptions, and expectations at the time they are made and should not be relied upon as guarantees of future performance. 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 applicable law. Readers are cautioned not to place undue reliance on forward-looking statements and are encouraged to review the Company's continuous disclosure documents, available at www.sedarplus.ca, for additional risk factors and other information.

The original language (usually English) in which the original text is published is the official, authorized, and legally binding version. This translation is provided for ease of understanding. The German version may be shortened or summarized. No responsibility or liability is assumed for the content, correctness, adequacy, or accuracy of this translation. From the translator's perspective, this release does not constitute a recommendation to buy or sell! Please refer to the original English release at www.sedarplus.ca, www.sec.gov, www.asx.com.au/, or on the company's website.

NEWSLETTER REGISTRATION: