Battery X Metals Announces Private Placement Success
Battery X Metals Inc. (CSE: BATX), a prominent player in the critical minerals sector, has successfully completed an oversubscribed non-brokered private placement, securing aggregate gross proceeds of $427,150. The company issued 4,271,500 units at $0.10 each, comprised of one common share and a purchase warrant, exercisable into a share at $0.20 until January 24, 2026.
Use of Proceeds and Purchase by Insider
The proceeds from the Private Placement will support general working capital needs, shareholder engagement, investor relations, and strategic marketing initiatives. Matthew Markin, CFO and Director, endorsed the company’s direction with a significant purchase of 300,000 units totaling $30,000.
Finder’s Fees and Finder Units
In association with the Private Placement, Battery X Metals has paid finder’s fees totaling $6,732 and issued 55,320 finder units, each including one share and a warrant, following the same terms as the primary units.
About Battery X Metals
Battery X Metals Inc. prioritizes acquisition and exploration of critical mineral properties and advancing battery recycling technology. With projects like the Y Lithium Project in Northern Saskatchewan and holdings in Ontario’s Red Lake Mining District, the company stands at the forefront of sustainable energy solutions through its subsidiary, Battery X Recycling Technologies Inc.
For more details, please contact CEO Mark Brezer at (604) 741-0444 or firstname.lastname@example.org.
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