Battery X Metals closes second tranche of private placement

VANCOUVER, BC / ACCESS Newswire / August 13, 2026 / 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 its news releases dated May 22, 2026 and June 5, 2026 , the Company has closed the second tranche (the " Second Tranche ") of its previously announced non-brokered private placement (the " Private Placement "), through the issuance of 41,185 units of the Company (each, a " Unit ") at a price of $2.75 per Unit, for aggregate gross proceeds of $113,260.95. Each Unit consists of one common share in the capital of the Company (each, a " Share ") and one transferable common share purchase warrant (each, a " Warrant "). Each Warrant entitles the holder to acquire one additional Share (each, a " Warrant Share ") at an exercise price of $3.00 per Warrant Share, exercisable until August 12, 2028.

The net proceeds of the Private Placement are intended to be allocated toward advancing the Company's business initiatives, including expenses related to corporate development and regulatory matters in connection with strategic capital markets initiatives, the payment of outstanding and future payables and indebtedness, corporate awareness initiatives, and general working capital purposes. These proceeds are expected to support the Company's integrated 360° strategy across the battery metals value chain, encompassing exploration, rebalancing, and recycling, and the continued advancement of next-generation solutions that contribute to the global clean energy transition. The securities issued under the Private Placement will be subject to a statutory hold period expiring December 13, 2026.

Together with the closing of the first tranche of the Private Placement, the Company has raised aggregate gross proceeds of C$713,261.45 through the issuance of an aggregate of 259,367 Units pursuant to the Private Placement.

The remaining portion of the Private Placement is expected to close, in whole or in part, in one or more additional tranches on or before September 4, 2026, subject to compliance with the policies of the Canadian Securities Exchange. There can be no assurance that any additional tranche of the Private Placement will be completed, in whole or in part, or within the timeframe currently anticipated.

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:5YW0, WKN: A41RJF) 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, extending the lifespan of lithium-ion batteries, and the recovery and recycling of battery materials. As global electric vehicle adoption continues to grow and demand for battery lifecycle solutions increases, the Company is advancing its patent-pending lithium-ion battery rebalancing technology, which recovered approximately 99% of capacity lost due to cell imbalance in a technology demonstration conducted in collaboration with the National Research Council of Canada (NRC), with the NRC validating the initial and final state of charge of the cells. For more information, visit batteryxmetals.com.