Battery X Metals raises up to $1 million in private placement

VANCOUVER, BC / ACCESS Newswire / September 22, 2026 / Battery X Metals Inc. ( CSE:BATX )( OTCQB:BATXF )( FSE:5YW0, WKN:A41RJF ) (" Battery X Metals " or the " Company ") an energy transition resource exploration and technology company, announces a non-brokered private placement financing (the " Private Placement "), consisting of the issuance of up to 416,666 units of the Company (each, a " Unit "), at a price of $2.40 per Unit for aggregate gross proceeds of up to $1,000,000.

Each Unit will consist of one common share in the capital of the Company (each, a " Share ") and one transferable common share purchase warrant of the Company (each, a " Warrant "), with each Warrant entitling the holder to acquire one additional Share (each, a " Warrant Share ") at a price of $2.50 per Warrant Share for a period of 24 months from the date of closing.

Closing of the Private Placement is anticipated to occur on or about November 6, 2026, and may be completed in one or more tranches, subject to compliance with the policies of the Canadian Securities Exchange.

The net proceeds of the Private Placement are intended to be allocated towards 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, 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. All securities issued in connection with the Private Placement will be subject to a statutory hold period expiring four months and one day from the date of issuance in accordance with applicable securities legislation.

Insiders may participate in the Private Placement, and such participation may constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the Private Placement by insiders will not exceed 25% of the fair market value of the Company's market capitalization.

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.