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.

Battery X Metals Inc., an energy transition resource exploration and technology company, has announced the successful completion of a first-generation proprietary battery adaptor working prototype designed for Tesla Model 3 and Model Y vehicles. Developed through its wholly-owned subsidiary, Battery X Rebalancing Technologies Inc., in collaboration with strategic hardware and software development partner Beijing Pengneng Science & Technology Ltd. ("BJPN"), the milestone represents a significant step forward in the Company's broader multi-platform commercialization strategy for its patent-pending lithium-ion battery rebalancing platform.

Development of the First-Generation Tesla Adaptor

The first-generation Tesla Adaptor was developed as an engineering validation prototype, building upon the Company's Tesla battery interface characterization program previously disclosed in its news release dated January 2, 2026. The prototype represents the initial physical implementation of the Company's proprietary digital engineering model, designed to establish a standardized interface with Tesla Model 3 and Model Y battery platforms.

The engineering validation program successfully confirmed several key technical objectives, as summarized below:

These achievements validate the foundational interface architecture and establish an engineering platform for the continued development, optimization, and future commercialization of the Company's battery rebalancing ecosystem. Management believes this also establishes a repeatable engineering framework to support future proprietary adaptor development across additional high-volume electric vehicle battery platforms.

Commercial Significance

The Tesla Model 3 and Model Y collectively represent one of the largest and most strategically significant electric vehicle platforms globally. Tesla is expected to surpass 10 million cumulative global vehicle sales during the third quarter of 2026. Of these cumulative deliveries, the Tesla Model 3 is estimated to account for approximately 3.50 million vehicles, while the Tesla Model Y is estimated to account for approximately 5.39 million vehicles. Together, the two models are estimated to represent approximately 8.89 million cumulative vehicle sales, accounting for approximately 89% of Tesla's expected cumulative global deliveries.

The following table highlights the market share significance of these platforms in the United States:

Collectively, the Tesla Model 3 and Model Y account for more than half of the U.S. electric vehicle market. Management believes focusing commercialization efforts on battery architectures supporting these market-leading vehicles positions the Company's battery rebalancing platform to address one of the largest installed electric vehicle populations in North America.

Next Steps and Ongoing Development

With the foundational engineering validation phase complete, Battery X Rebalancing Technologies has commenced the next stage of development focused on advancing the Tesla Adaptor toward a production-oriented commercial product. As part of this initiative, the Company acquired a Tesla Model 3 battery pack from an arm's length third party for $500, plus applicable GST, for dedicated research and development purposes. The battery pack will be used to further refine the commercial version of the Tesla Adaptor, conduct additional engineering validation, and perform working prototype testing under representative operating conditions.

Future development activities are expected to include:

• Continued engineering optimization and industrial design refinement
• Material selection and manufacturability assessment
• Durability enhancement and commercial product integration
• Ongoing interface validation for repeatability, reliability, and compatibility
• Hardware refinement and Underwriters Laboratories ("UL") certification

The Company is currently evaluating the scope, timing, and anticipated costs associated with these commercialization activities, including engineering, certification, manufacturing readiness, and go-to-market initiatives. Commercialization of both the battery rebalancing platform and the Tesla Adaptor remains subject to the completion of these development activities, receipt of UL certification, manufacturing readiness, and the availability of adequate capital resources.

The Battery Lifecycle Challenge and Battery X's Solution

The commercial context for Battery X Metals' technology is underpinned by the rapid growth of global electric vehicle adoption. In 2024, global EV sales reached approximately 17.1 million units, representing a 25% increase from 2023. Cumulative global EV sales from 2015 to 2023 totaled an estimated over 40 million units, with a significant share of the global EV fleet expected to exit warranty coverage in the coming years. 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 Rebalancing Technologies' proprietary rebalancing technology, validated by the National Research Council of Canada ("NRC"), addresses battery cell imbalance in lithium-ion battery packs. Key findings from the NRC validation are presented below:

Through the development of proprietary adaptor solutions for leading electric vehicle battery architectures, the Company intends to establish a scalable compatibility ecosystem capable of supporting deployment across automotive service centres, dealership networks, fleet operators, and other commercial customers. The first-generation Tesla Adaptor represents a foundational milestone in executing this strategy, enabling standardized integration with one of the industry's largest battery platforms.