Battery X Metals Refines Exploration Asset Holdings

VANCOUVER, BC / ACCESS Newswire / July 4, 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 firm, today announced a strategic refinement of its Canadian asset base. The company has voluntarily relinquished four single-cell mining claims, totaling approximately 81.3 hectares, associated with its gold and copper Belanger Project in the prolific Red Lake Mining Division of northwestern Ontario. This move trims the project’s total landholding from roughly 2,214.9 hectares to approximately 2,133.6 hectares.

This decision underscores Battery X Metals’ ongoing commitment to optimizing its portfolio and strategically allocating capital towards opportunities with the highest potential for value creation. The Belanger Project, now comprising 105 contiguous claims, remains a significant part of the company’s exploration footprint.

In parallel, Battery X Metals has secured an extension from the Ontario Ministry of Energy and Mines for exploration work at the Belanger Project. This extension provides valuable flexibility as the company sharpens its focus on its core battery metals initiatives, aiming to build a comprehensive, 360° presence across the entire battery metals value chain. Under the terms of the extension, the company now has until April 18, 2026, to fulfill the requisite two years of exploration expenditures, amounting to a minimum of $62,698, an increase from the original $31,349 due by April 18, 2025.

Battery X Metals is currently undertaking a thorough review of its strategic options and capital allocation priorities for the Belanger Project. This measured evaluation will consider the project’s long-term potential within the context of the company’s evolving asset portfolio and its forward-looking strategy in the dynamic battery materials ecosystem.

Management reiterates its dedication to a disciplined, value-driven approach to capital deployment and is actively exploring strategic pathways forward for the Belanger Project. Further updates will be provided as Battery X Metals defines the most advantageous course of action aligned with its overall corporate and battery metals strategy.

About Battery X Metals Inc.
Battery X Metals is an innovative energy transition resource exploration and technology company dedicated to advancing domestic critical battery metal exploration and developing cutting-edge proprietary technologies. The company champions a diversified, 360° approach to the battery metals industry, encompassing exploration, lifespan extension, and recycling of lithium-ion batteries and their constituent materials. For more information, please visit batteryxmetals.com.

On Behalf of the Board of Directors
Massimo Bellini Bressi, Director

Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this release include statements regarding the Company’s strategic decisions related to the Belanger Project, including the current decision to relinquish the Claims, the extension granted by the Ontario Ministry of Energy and Mines, planned exploration expenditures and timelines, the evaluation of strategic options for the Belanger Project, the Company’s broader strategic focus on the battery metals value chain and the actions undertaken in furtherance of the Company’s 360° strategy. Forward-looking statements reflect management’s current beliefs, expectations, and assumptions based on available information as of the date of this release. However, these statements are subject to known and unknown risks, uncertainties, and other factors that could cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks include, but are not limited to, the risk that exploration or development plans for the Belanger Project may change or not materialize, and general economic, market, and regulatory conditions. Additional risks and uncertainties are discussed in the Company’s filings on SEDAR+. The forward-looking statements in this news release are made as of the date hereof, and Battery X Metals disclaims any intention or obligation to update or revise such statements, except as required by law. Investors are cautioned not to place undue reliance on these forward-looking statements.

SOURCE: Battery X Metals

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