Battery X Metals Sells Ontario Gold and Copper Project

Battery X Metals Inc. has announced a strategic sale of its 100% interest in the Belanger gold and copper exploration project in Ontario. This transaction is part of the company’s strategy to streamline its exploration portfolio and focus on its 360° battery metals value chain strategy. The sale allows Battery X Metals to retain potential upside through equity participation in the buying entity, while refocusing resources on battery-focused exploration and recycling efforts.

The agreement involves a total cash consideration of C$10,000, split into two payments, and common shares valued at C$5,000 from the purchaser. Subject to customary closing conditions, the deal is set to conclude no later than March 31, 2026. This move aligns with the company’s long-term goals of advancing its integrated battery lifecycle platform, supporting global energy transition objectives.