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An announcement from Battery X Metals ( (TSE:BATX) ) is now available.
Battery X Metals has closed a non-brokered private placement of 946,075 units at $2.55 per unit, raising approximately $2.41 million, with each unit comprising one share and a warrant exercisable at $3.00 until 2028. The financing, which included participation from Skechers USA founding-family executive and Battery X advisory board member Jeffrey Greenberg, along with a concurrent debt settlement of about $408,000 via share issuance, strengthens the company’s balance sheet and provides capital for strategic capital markets initiatives, corporate development, debt reduction, and the advancement of its integrated battery lifecycle strategy across exploration, battery rebalancing and recycling, reinforcing its positioning in the clean energy and battery technology sector.
More about Battery X Metals
Battery X Metals Inc. is a Vancouver-based energy transition resource exploration and technology company focused on the battery metals value chain. The company is advancing an integrated 360° battery lifecycle strategy spanning mineral exploration, lithium-ion battery rebalancing, and recycling technologies aimed at supporting the global clean energy transition.
YTD Price Performance: 44.18%
Average Trading Volume: 18,367
Technical Sentiment Signal: Sell
Current Market Cap: C$17.09M
See more data about BATX stock on TipRanks’ Stock Analysis page.