Battery X Metals Inc. has appointed Zachary Funk, an automotive industry professional from the Canadian division of a leading premium automobile manufacturer headquartered in Munich, Germany, to its Advisory Board. The appointment is intended to strengthen the company's commercialization capabilities and industry engagement initiatives as it advances the deployment of its patent-pending lithium-ion battery rebalancing technology. Mr. Funk brings extensive expertise in dealer-network operations, sales strategy, and customer experience management, which will support the company's efforts to penetrate automotive service networks and dealership groups.

Strategic Advisory Role

Mr. Funk currently holds a regional sales and operations role overseeing 13 management teams across Canada. He is responsible for guiding sales-volume targets, client-satisfaction metrics, and retail-execution standards for a globally recognized performance- and design-focused brand. Prior to this, he served in dual brand management roles for the GAIN Group, overseeing operations for more than 20 automotive businesses in British Columbia. In his advisory capacity, Mr. Funk will assist Battery X Metals in developing commercialization pathways, partnership development, and customer adoption strategies for its Rebalancing Machine.

Technology Validation and Trials

Battery X Metals, through its subsidiary Battery X Rebalancing Technologies Inc., has developed a prototype designed to extend the useful life of electric vehicle (EV) batteries by rebalancing cell-level imbalances. The company has conducted a series of real-world driving performance trials on Class 3 commercial vehicles and light-duty electric vehicles. Key results from these trials include:

Additionally, trials conducted by third-party automotive service centers on BYD vehicle models demonstrated estimated driving range improvements of up to approximately 84 kilometers per charge. The National Research Council of Canada (NRC) has also validated the technology, confirming its ability to correct cell imbalances and recover lost capacity in lithium-ion battery packs.

Commercialization Roadmap

The company is advancing its commercialization roadmap by refining standard operating procedures, enhancing software functionality, and preparing for Underwriters Laboratories (UL) certification. Battery X Metals is also expanding adaptor compatibility for various EV platforms, including the Tesla Model 3. The company delivered three next-generation rebalancing machines in May 2026 to support ongoing validation and product refinement activities. The technology aims to reduce the total cost of ownership for fleet operators and consumers by extending battery lifespan and avoiding costly pack replacements.

"We are very pleased to welcome Mr. Funk to our Advisory Board," said Massimo Bellini Bressi, CEO of Battery X Metals. "His experience within one of the world's leading premium automobile manufacturers' Canadian division and prior experience with premium automotive dealership groups is expected to provide an exceptional understanding of dealer networks, customer adoption, and automotive business development."

Market Context

Global EV sales reached approximately 17.1 million units in 2024, a 25% increase from 2023. By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage. Battery X Metals aims to address the resulting demand for cost-effective battery lifecycle solutions by providing scalable rebalancing and diagnostic technologies to automotive service centers.

Battery X Metals Inc. has closed the first tranche of a non-brokered private placement to raise capital for corporate growth and working capital. The company issued 218,182 units at a price of $2.75 per unit, resulting in aggregate gross proceeds of $600,000.50. Each unit consists of one common share and one transferable common share purchase warrant, with warrants exercisable at $3.00 per share until June 5, 2028.

The net proceeds from the placement are allocated toward advancing business initiatives, including corporate development, regulatory matters, and strategic capital markets initiatives. The funds will also be used for payment of outstanding and future payables, corporate awareness initiatives, and general working capital. These proceeds are expected to support the company's integrated 360° strategy across the battery metals value chain, encompassing exploration, rebalancing, and recycling.

The securities issued are subject to a statutory hold period expiring October 6, 2026. The remaining portion of the private placement is expected to close in one or more additional tranches on or before June 30, 2026, subject to compliance with the policies of the Canadian Securities Exchange.

In connection with the closing of the first tranche, the company paid aggregate cash finder's fees of $1,443.75 to an arm's length party. The company focuses on advancing domestic battery and critical metal resource exploration and developing next-generation proprietary technologies.

Key Details of the First Tranche