Battery X Metals Inc. (CSE: BATX) (OTCQB: BATXF) (FSE: R0W) has closed the second tranche of its previously announced non-brokered private placement. The transaction raised aggregate gross proceeds of $113,260.95 through the issuance of 41,185 units at a price of $2.75 per unit.

Each unit consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of $3.00, exercisable until August 12, 2028. The securities issued under this tranche are subject to a statutory hold period expiring December 13, 2026.

Transaction Details

The closing of this second tranche brings the total aggregate gross proceeds raised through the entire private placement to C$713,261.45. This total was achieved through the issuance of an aggregate of 259,367 units across both tranches.

Use of Proceeds

The net proceeds from the private placement are intended to be allocated toward advancing the company's business initiatives. Specific uses include:

• Expenses related to corporate development and regulatory matters in connection with strategic capital markets initiatives.
• Payment of outstanding and future payables and indebtedness.
• Corporate awareness initiatives.
• General working capital purposes.

These proceeds are expected to support Battery X Metals' integrated 360° strategy across the battery metals value chain, encompassing exploration, rebalancing, and recycling. The company stated that the funds will aid in the continued advancement of next-generation solutions contributing to the global clean energy transition.

Future Closings

The remaining portion of the private placement is expected to close, in whole or in part, in one or more additional tranches on or before September 4, 2026. This timeline is subject to compliance with the policies of the Canadian Securities Exchange. The company noted that there can be no assurance that any additional tranche will be completed within the anticipated timeframe.

About Battery X Metals

Battery X Metals is an energy transition resource exploration and technology company. It focuses on domestic battery and critical metal resource exploration and the development of next-generation proprietary technologies. The company's strategy includes extending the lifespan of lithium-ion batteries and the recovery and recycling of battery materials. Its patent-pending lithium-ion battery rebalancing technology reportedly recovered approximately 99% of capacity lost due to cell imbalance in a demonstration conducted with the National Research Council of Canada.

Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW0) has extended its corporate awareness engagement with bullVestor Medien GmbH to August 10, 2026, under an amendment effective July 30, 2026. The agreement formalizes previously announced digital marketing services aimed at increasing market awareness of the Vancouver-based energy transition resource exploration company. This extension ensures continuity in shareholder communication efforts without altering the financial scope of the initial engagement announced on May 13, 2026.

The Amendment Agreement memorializes the terms of the Engagement in a written contract and provides a framework for future written amendments to commercial terms, including potential extensions or changes to compensation and services. Despite the structural updates, the scope of services and total compensation payable to bullVestor remain fixed at €150,000 (approximately C$240,675). No stock options or other securities have been granted to bullVestor in connection with this engagement.

Key Terms of the Amendment

The principal of bullVestor is Helmut Pollinger, based in St. Valentin, Austria. According to the filing, neither bullVestor nor its principals own any common shares or other securities of Battery X Metals as of the date of the Amendment Agreement. The engagement may be terminated earlier in accordance with its specific terms.

What the Numbers Show

The decision to extend the engagement by only ten days from the original implied timeline suggests a targeted, short-term campaign rather than a long-term strategic partnership shift. By locking in the €150,000 fee structure while adding a framework for future negotiations, Battery X Metals retains flexibility to adjust commercial terms based on the immediate results of this awareness push. The absence of equity-based compensation aligns with standard practices for short-term investor relations campaigns, minimizing dilution risk for existing shareholders while maintaining professional marketing support.