Battery X Metals Inc. announced a non-brokered private placement financing of up to 10,000,000 units at an issue price of CAD 0.10 per Unit for aggregate gross proceeds of up to CAD 1,000,000 on June 7, 2024. Each Unit shall consist of one common share and one transferable Share purchase warrant with each Warrant exercisable to acquire a common share at a price of CAD 0.10 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 June 21, 2024, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange.

Insiders may participate in the Private Placement. The securities issued under the Private Placement will be subject to a statutory hold period in Canada expiring four months and one day from the Closing Date.