{"success":true,"data":{"pressRelease":{"id":"162527","rtpr_id":"nACSWJ9tba-20261006","ticker":"BATX","exchange":"","all_tickers":["BATX"],"title":"Battery X Metals Announces Closing of First Tranche of Private Placement Financing","author":"ACCESSWIRE","published_at":"2026-10-06T21:33:20.414Z","article_body":"VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / October 6,\n2026 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW0, WKN:A41RJF)\n(\"Battery X Metals\" or the \"Company\") an energy transition resource\nexploration and technology company, announces that, further to its news\nrelease dated September 22, 2026, the Company has closed the first tranche\n(the \"First Tranche\") of its previously announced non-brokered private\nplacement (the \"Private Placement\"), through the issuance of 101,000 units of\nthe Company (each, a \"Unit\") at a price of $2.40 per Unit, for aggregate gross\nproceeds of $242,400 Each Unit consists of one common share in the capital of\nthe Company (each, a \"Share\") and one transferable common share purchase\nwarrant (each, a \"Warrant\"). Each Warrant entitles the holder to acquire one\nadditional Share (each, a \"Warrant Share\") at an exercise price of $2.50 per\nWarrant Share, exercisable until October 6, 2028.\n\nThe net proceeds of the Private Placement are intended to be allocated toward\ncorporate awareness initiatives. The securities issued under the Private\nPlacement will be subject to a statutory hold period expiring February 7,\n2027.\n\nThe remaining portion of the Private Placement is expected to close, in whole\nor in part, in one or more additional tranches on or before November 6, 2026,\nsubject to compliance with the policies of the Canadian Securities Exchange.\n\nIn connection with the closing of the First Tranche, the Company paid\naggregate cash finder's fees of $2,160 to registered dealers.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy securities in the United States, nor shall there be any\nsale of the securities in any jurisdiction in which such offer, solicitation\nor sale would be unlawful. The securities being offered have not been, nor\nwill they be, registered under the U.S. Securities Act of 1933, as amended\n(the \"1933 Act\"), or under any U.S. state securities laws, and may not be\noffered or sold in the United States absent registration or an applicable\nexemption from the registration requirements of the 1933 Act and applicable\nstate securities laws.\n\nAbout Battery X Metals Inc.\n\nBattery X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:5YW0, WKN:A41RJF) is an energy\ntransition resource exploration and technology company committed to advancing\ndomestic battery and critical metal resource exploration and developing\nnext-generation proprietary technologies. Taking a diversified, 360° approach\nto the battery metals industry, the Company focuses on exploration, lifespan\nextension, and recycling of lithium-ion batteries and battery materials. For\nmore information, visit batteryxmetals.com (https://pr.report/s4wd).\n\nOn Behalf of the Board of Directors\n\nMassimo Bellini Bressi, Director\n\nFor further information, please contact:\n\nMassimo Bellini Bressi\nChief Executive Officer\nEmail: mbellini@batteryxmetals.com\nTel: (604) 694-9823\n\nDisclaimer for Forward-Looking Information\n\nThis news release contains forward-looking statements within the meaning of\napplicable securities laws. Forward-looking statements in this release\ninclude, but are not limited to, statements relating to: the completion of the\nremaining portion of the Private Placement, in whole or in part, in one or\nmore additional tranches on or before November 6, 2026; compliance with the\npolicies of the Canadian Securities Exchange in connection with such\nadditional closings; the intended allocation of the net proceeds of the\nPrivate Placement toward corporate awareness initiatives; and the Company's\nplans to advance domestic battery and critical metal resource exploration and\ndevelop proprietary technologies for the lifespan extension and recycling of\nlithium-ion batteries and battery materials. Forward-looking information is\nbased on management's current expectations, estimates, assumptions, and\nprojections as of the date of this news release, including assumptions\nregarding sufficient investor participation, favourable market conditions,\ncompliance with applicable regulatory and exchange requirements, and the\navailability of financial and operational resources to advance the Company's\nbusiness initiatives. Such information is subject to a number of known and\nunknown risks, uncertainties, and other factors that may cause actual results,\nperformance, or achievements to differ materially from those expressed or\nimplied by such forward-looking information. These risks and uncertainties\ninclude, without limitation: the risk that the remaining portion of the\nPrivate Placement may not be completed within the anticipated timeframe or at\nall; the risk that applicable regulatory or exchange requirements may not be\nsatisfied in a timely manner or at all; changes in market conditions and\ncapital markets; the Company's ability to utilize the net proceeds as\nintended; changes in the Company's priorities and capital requirements; the\nCompany's ability to execute its business strategy and advance its\nexploration, battery lifespan extension, recycling, and technology development\ninitiatives; and general economic, financial, and geopolitical conditions.\nForward-looking information is not a guarantee of future performance and\nreflects management's expectations only as of the date hereof. There can be no\nassurance that the remaining portion of the Private Placement will be\ncompleted as proposed, or at all, that the net proceeds will be allocated as\nintended, or that the Company will achieve its anticipated business\nobjectives. Except as required by applicable securities laws, the Company\nundertakes no obligation to update or revise any forward-looking information,\nwhether as a result of new information, future events, or otherwise. Readers\nare cautioned not to place undue reliance on forward-looking information and\nare encouraged to review the Company's continuous disclosure filings available\nunder its profile on SEDAR+ for additional risk factors and further\ninformation.\n\nSOURCE: Battery X Metals\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/battery-x-metals-announces-closing-of-first-tranche-of-private-placement-financin-1233788)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSWJ9tba-20261006","title":"Battery X Metals Announces Closing of First Tranche of Private Placement Financing","author":"ACCESSWIRE","ticker":"BATX","created":"2026-10-06T21:33:20.414Z","tickers":["BATX"],"exchange":"","article_body":"VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / October 6,\n2026 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW0, WKN:A41RJF)\n(\"Battery X Metals\" or the \"Company\") an energy transition resource\nexploration and technology company, announces that, further to its news\nrelease dated September 22, 2026, the Company has closed the first tranche\n(the \"First Tranche\") of its previously announced non-brokered private\nplacement (the \"Private Placement\"), through the issuance of 101,000 units of\nthe Company (each, a \"Unit\") at a price of $2.40 per Unit, for aggregate gross\nproceeds of $242,400 Each Unit consists of one common share in the capital of\nthe Company (each, a \"Share\") and one transferable common share purchase\nwarrant (each, a \"Warrant\"). Each Warrant entitles the holder to acquire one\nadditional Share (each, a \"Warrant Share\") at an exercise price of $2.50 per\nWarrant Share, exercisable until October 6, 2028.\n\nThe net proceeds of the Private Placement are intended to be allocated toward\ncorporate awareness initiatives. The securities issued under the Private\nPlacement will be subject to a statutory hold period expiring February 7,\n2027.\n\nThe remaining portion of the Private Placement is expected to close, in whole\nor in part, in one or more additional tranches on or before November 6, 2026,\nsubject to compliance with the policies of the Canadian Securities Exchange.\n\nIn connection with the closing of the First Tranche, the Company paid\naggregate cash finder's fees of $2,160 to registered dealers.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy securities in the United States, nor shall there be any\nsale of the securities in any jurisdiction in which such offer, solicitation\nor sale would be unlawful. The securities being offered have not been, nor\nwill they be, registered under the U.S. Securities Act of 1933, as amended\n(the \"1933 Act\"), or under any U.S. state securities laws, and may not be\noffered or sold in the United States absent registration or an applicable\nexemption from the registration requirements of the 1933 Act and applicable\nstate securities laws.\n\nAbout Battery X Metals Inc.\n\nBattery X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:5YW0, WKN:A41RJF) is an energy\ntransition resource exploration and technology company committed to advancing\ndomestic battery and critical metal resource exploration and developing\nnext-generation proprietary technologies. Taking a diversified, 360° approach\nto the battery metals industry, the Company focuses on exploration, lifespan\nextension, and recycling of lithium-ion batteries and battery materials. For\nmore information, visit batteryxmetals.com (https://pr.report/s4wd).\n\nOn Behalf of the Board of Directors\n\nMassimo Bellini Bressi, Director\n\nFor further information, please contact:\n\nMassimo Bellini Bressi\nChief Executive Officer\nEmail: mbellini@batteryxmetals.com\nTel: (604) 694-9823\n\nDisclaimer for Forward-Looking Information\n\nThis news release contains forward-looking statements within the meaning of\napplicable securities laws. Forward-looking statements in this release\ninclude, but are not limited to, statements relating to: the completion of the\nremaining portion of the Private Placement, in whole or in part, in one or\nmore additional tranches on or before November 6, 2026; compliance with the\npolicies of the Canadian Securities Exchange in connection with such\nadditional closings; the intended allocation of the net proceeds of the\nPrivate Placement toward corporate awareness initiatives; and the Company's\nplans to advance domestic battery and critical metal resource exploration and\ndevelop proprietary technologies for the lifespan extension and recycling of\nlithium-ion batteries and battery materials. Forward-looking information is\nbased on management's current expectations, estimates, assumptions, and\nprojections as of the date of this news release, including assumptions\nregarding sufficient investor participation, favourable market conditions,\ncompliance with applicable regulatory and exchange requirements, and the\navailability of financial and operational resources to advance the Company's\nbusiness initiatives. Such information is subject to a number of known and\nunknown risks, uncertainties, and other factors that may cause actual results,\nperformance, or achievements to differ materially from those expressed or\nimplied by such forward-looking information. These risks and uncertainties\ninclude, without limitation: the risk that the remaining portion of the\nPrivate Placement may not be completed within the anticipated timeframe or at\nall; the risk that applicable regulatory or exchange requirements may not be\nsatisfied in a timely manner or at all; changes in market conditions and\ncapital markets; the Company's ability to utilize the net proceeds as\nintended; changes in the Company's priorities and capital requirements; the\nCompany's ability to execute its business strategy and advance its\nexploration, battery lifespan extension, recycling, and technology development\ninitiatives; and general economic, financial, and geopolitical conditions.\nForward-looking information is not a guarantee of future performance and\nreflects management's expectations only as of the date hereof. There can be no\nassurance that the remaining portion of the Private Placement will be\ncompleted as proposed, or at all, that the net proceeds will be allocated as\nintended, or that the Company will achieve its anticipated business\nobjectives. Except as required by applicable securities laws, the Company\nundertakes no obligation to update or revise any forward-looking information,\nwhether as a result of new information, future events, or otherwise. Readers\nare cautioned not to place undue reliance on forward-looking information and\nare encouraged to review the Company's continuous disclosure filings available\nunder its profile on SEDAR+ for additional risk factors and further\ninformation.\n\nSOURCE: Battery X Metals\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/battery-x-metals-announces-closing-of-first-tranche-of-private-placement-financin-1233788)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-10-06T21:33:20.47806863Z","server_sent_at_ms":1791322400478},"received_at":"2026-10-06T21:33:20.528Z","source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/battery-x-metals-announces-closing-of-first-tranche-of-private-placement-financin-1233788"},"analysis":{"id":"151011","press_release_id":"162527","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["use of proceeds is 'corporate awareness initiatives' (promotion/investor-relations spend)","units include two-year warrants adding future dilution overhang"],"eventType":"offering","narrative":"Battery X Metals closed the first tranche of its non-brokered private placement, issuing 101,000 units at $2.40 per unit for gross proceeds of $242,400.\n\nEach unit includes one share plus a warrant exercisable at $2.50 until October 6, 2028; the company paid $2,160 in finder's fees on the closing.\n\nNet proceeds are earmarked for corporate awareness initiatives rather than operations or exploration, with remaining tranches expected on or before November 6, 2026.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine micro-cap tranche closing with proceeds going to promotion rather than operations -- watch subsequent tranches."},"keyFigures":{"dealValueUsd":242400,"offeringPrice":2.4,"sharesOffered":101000,"customDimensions":{"finders_fees":2160,"warrant_expiry":"October 6, 2028","hold_period_expiry":"February 7, 2027","warrant_exercise_price":2.5}},"namedEntities":{"people":[{"name":"Massimo Bellini Bressi","role":"CEO / Director"}],"products":[],"companies":[{"name":"Battery X Metals Inc.","ticker":"BATX"}],"dollarAmounts":[{"amount":"$242,400","context":"gross proceeds of First Tranche"},{"amount":"$2.40","context":"price per Unit"},{"amount":"$2.50","context":"warrant exercise price per Share"},{"amount":"$2,160","context":"aggregate cash finder's fees"}]},"materialImpact":{"score":2,"reasoning":"Small first-tranche closing of a previously announced non-brokered private placement ($242,400 gross). Routine micro-cap financing with warrants, but use of proceeds is only 'corporate awareness initiatives.'"},"tickerRelevance":{"others":[],"primary":"BATX"},"globalImportance":8,"audienceRelevance":8,"eventTypeSecondary":["dilution"],"importanceComponents":{"dealSize":"sub-$1M","tickerTier":"micro-cap","eventGravity":"routine-tranche-closing"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":2,"narrative":"Battery X Metals closed the first tranche of its non-brokered private placement, issuing 101,000 units at $2.40 per unit for gross proceeds of $242,400.\n\nEach unit includes one share plus a warrant exercisable at $2.50 until October 6, 2028; the company paid $2,160 in finder's fees on the closing.\n\nNet proceeds are earmarked for corporate awareness initiatives rather than operations or exploration, with remaining tranches expected on or before November 6, 2026.","key_figures":{"dealValueUsd":242400,"offeringPrice":2.4,"sharesOffered":101000,"customDimensions":{"finders_fees":2160,"warrant_expiry":"October 6, 2028","hold_period_expiry":"February 7, 2027","warrant_exercise_price":2.5}},"named_entities":{"people":[{"name":"Massimo Bellini Bressi","role":"CEO / Director"}],"products":[],"companies":[{"name":"Battery X Metals Inc.","ticker":"BATX"}],"dollarAmounts":[{"amount":"$242,400","context":"gross proceeds of First Tranche"},{"amount":"$2.40","context":"price per Unit"},{"amount":"$2.50","context":"warrant exercise price per Share"},{"amount":"$2,160","context":"aggregate cash finder's fees"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-06T21:33:25.716Z","global_importance":8,"audience_relevance":8,"importance_components":{"dealSize":"sub-$1M","tickerTier":"micro-cap","eventGravity":"routine-tranche-closing"}},"durationMs":5176,"modelName":"glm-5.3-flashx"}}