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Battery X Metals Inc. (Copy)
Battery X Metals Inc. (Copy)
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TECHNOLOGY
REBALANCE
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Battery X Metals Inc. (Copy)
Battery X Metals Inc. (Copy)
ABOUT
TECHNOLOGY
REBALANCE
RECYCLE
PROJECTS
INVESTORS
NEWS
ABOUT
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REBALANCE
RECYCLE
PROJECTS
INVESTORS
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PRESS RELEASE
Press Releases A K 13/02/2024 Press Releases A K 13/02/2024

PRESS RELEASE

Battery X Metals Announces Binding Letter of Intent to Acquire Lithium Exploration and Lithium-Ion Battery Diagnostics and Rebalancing Technology Company

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  • Black mass is the industry term used to describe the material remaining once end-of-life lithium-ion batteries are shredded, and all casings have been removed. This material contains an array of valuable elements, including nickel, cobalt, manganese, copper, lithium, and graphite. Once recovered, these elements can be recycled to produce new lithium-ion batteries, contributing to a more sustainable and eco-friendly approach to battery production.

  • Urban mining is the practice of extracting valuable materials and resources from waste and discarded products in urban areas. It helps recycle and repurpose materials found in urban areas, reducing the need for traditional mining and promoting resource sustainability. An example is recycling lithium-ion batteries.

  • Battery X Metals Inc. places a strong emphasis on battery recycling due to its significant environmental responsibility and resource conservation benefits. Recycling batteries reduces their environmental impact, aligns with our commitment to conserving finite resources, supports a circular economy, and advances sustainable energy solutions. This dedication also ensures regulatory compliance and responsible battery disposal, underscoring our commitment to environmental sustainability and green technology.

  • No, our proprietary froth flotation recycling technology, is designed with a strong emphasis on environmental responsibility and safety. This innovative and environmentally friendly process, in development in partnership with one of Canada’s leading research institutes, employs air bubbles to selectively separate valuable materials from battery components. It ensures the safe recovery of critical battery metals without causing harm to the environment or human health. At Battery X Metals Inc., we prioritize sustainable and responsible recycling practices, and our proprietary Froth Flotation technology plays a key role in our commitment to a cleaner, greener future.

  • Our focus extends to the full spectrum of battery metals found within Black Mass, including but not limited to lithium, cobalt, nickel, and manganese; aligning with our commitment to meet the increasing demand for critical materials powering the sustainable energy revolution.

  • Our lithium exploration properties are strategically located in regions known for abundant lithium resources. These properties hold immense potential for the extraction of lithium, a critical component in batteries powering electric vehicles and renewable energy storage solutions. By exploring these properties, we aim to contribute to the sustainable energy transition.

  • Currently, our Y Lithium Project in Northern Saskatchewan, near Bailey Lake have yet to commence prospecting programs. However, we are diligently planning and preparing for these exploration efforts, dedicated to unlocking the potential of these properties through thorough geological surveys and exploration activities.

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Disclaimers:

¹ Estimated driving range increase is based on internally conducted preliminary controlled performance trials under no-load conditions following a rebalancing procedure on a light-duty electric vehicle.  Results may vary depending on vehicle type, battery condition, usage, and operating environment.

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² Validation conducted by the National Research Council of Canada (NRC) on artificially imbalanced battery modules composed of LiFePO₄ cells in a controlled laboratory setting. Reported cell imbalance recovery percentages may not directly correspond to real-world driving range recovery. Results may vary depending on vehicle type, battery condition, usage, and operating environment.

*Image is for illustrative purposes only and does not depict any specific vehicle make or model.

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