Battery X Metals Streamlines Exploration Asset Portfolio
Battery X Metals (OTCQB:BATXF) has announced the voluntary relinquishment of four single-cell mining claims at its Belanger Project in northwestern Ontario, reducing the project area from 2,214.9 ha to 2,133.6 ha.
The company has secured an extension from the Ontario Ministry of Energy and Mines for exploration work, with a new deadline of April 18, 2026 to complete minimum exploration expenditures of $62,698. The project now comprises 105 contiguous, unpatented single-cell mining claims.
This strategic decision aligns with Battery X Metals' focus on optimizing its asset portfolio and prioritizing battery metals initiatives within the broader battery materials ecosystem.
Battery X Metals (OTCQB:BATXF) ha annunciato la rinuncia volontaria a quattro concessioni minerarie a singola cella nel suo progetto Belanger, situato nel nord-ovest dell'Ontario, riducendo l'area del progetto da 2.214,9 ha a 2.133,6 ha.
L'azienda ha ottenuto un'estensione dal Ministero dell'Energia e delle Miniere dell'Ontario per i lavori di esplorazione, con una nuova scadenza fissata al 18 aprile 2026 per completare le spese minime di esplorazione pari a 62.698 $. Il progetto comprende ora 105 concessioni minerarie contigue, non brevettate, a singola cella.
Questa decisione strategica è in linea con l'obiettivo di Battery X Metals di ottimizzare il proprio portafoglio di asset e di dare priorità alle iniziative legate ai metalli per batterie all'interno del più ampio ecosistema dei materiali per batterie.
Battery X Metals (OTCQB:BATXF) ha anunciado la renuncia voluntaria a cuatro concesiones mineras de una sola celda en su proyecto Belanger, ubicado en el noroeste de Ontario, reduciendo el área del proyecto de 2,214.9 ha a 2,133.6 ha.
La compañía ha obtenido una extensión del Ministerio de Energía y Minas de Ontario para trabajos de exploración, con una nueva fecha límite del 18 de abril de 2026 para completar gastos mínimos de exploración por $62,698. El proyecto ahora comprende 105 concesiones mineras contiguas, no patentadas, de una sola celda.
Esta decisión estratégica está alineada con el enfoque de Battery X Metals en optimizar su cartera de activos y priorizar las iniciativas de metales para baterías dentro del ecosistema más amplio de materiales para baterías.
Battery X Metals (OTCQB:BATXF)는 온타리오 북서부에 위치한 Belanger 프로젝트에서 단일 셀 광산 채굴권 4건을 자발적으로 포기하여 프로젝트 면적을 2,214.9헥타르에서 2,133.6헥타르로 축소했다고 발표했습니다.
회사는 온타리오 에너지 및 광산부로부터 탐사 작업 연장 허가를 받았으며, 최소 탐사 지출액 $62,698을 완료해야 하는 새로운 마감일은 2026년 4월 18일입니다. 현재 프로젝트는 105개의 인접한 비특허 단일 셀 광산 채굴권으로 구성되어 있습니다.
이 전략적 결정은 Battery X Metals가 자산 포트폴리오를 최적화하고 배터리 금속 관련 이니셔티브를 배터리 재료 생태계 내에서 우선시하는 데 중점을 둔 것과 일치합니다.
Battery X Metals (OTCQB:BATXF) a annoncé la renonciation volontaire à quatre concessions minières à cellule unique sur son projet Belanger, situé dans le nord-ouest de l'Ontario, réduisant la superficie du projet de 2 214,9 ha à 2 133,6 ha.
La société a obtenu une prolongation du ministère de l'Énergie et des Mines de l'Ontario pour les travaux d'exploration, avec une nouvelle date limite fixée au 18 avril 2026 pour réaliser des dépenses minimales d'exploration de 62 698 $. Le projet comprend désormais 105 concessions minières contiguës non brevetées à cellule unique.
Cette décision stratégique s'aligne avec l'objectif de Battery X Metals d'optimiser son portefeuille d'actifs et de privilégier les initiatives liées aux métaux pour batteries au sein de l'écosystème plus large des matériaux pour batteries.
Battery X Metals (OTCQB:BATXF) hat die freiwillige Aufgabe von vier Einzelzellen-Mineralclaims im Belanger-Projekt im Nordwesten Ontarios bekannt gegeben, wodurch die Projektfläche von 2.214,9 ha auf 2.133,6 ha reduziert wird.
Das Unternehmen hat eine Verlängerung von dem Ontario Ministry of Energy and Mines für Explorationsarbeiten erhalten, mit einer neuen Frist bis zum 18. April 2026, um Mindestexplorationsausgaben von 62.698 $ zu erfüllen. Das Projekt umfasst nun 105 zusammenhängende, nicht patentierte Einzelzellen-Mineralclaims.
Diese strategische Entscheidung steht im Einklang mit dem Fokus von Battery X Metals, sein Asset-Portfolio zu optimieren und Initiativen im Bereich Batteriemetalle innerhalb des größeren Batteriematerial-Ökosystems zu priorisieren.
- Secured extension until April 18, 2026 for exploration work requirements
- Strategic optimization of asset portfolio to focus on higher-potential projects
- Maintains NI 43-101 Technical Report on the Belanger Project
- Reduction in total project area by 81.3 hectares
- Required minimum exploration expenditure increased to $62,698 from $31,349
VANCOUVER, BC / ACCESS Newswire / July 4, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W)("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that it has voluntarily relinquished four single-cell mining claims (the "Claims") associated with its gold and copper Belanger Project (the "Belanger Project"), located in the Red Lake Mining Division of northwestern Ontario.
The Claims, numbered 593858 through 593861, represent a total area of approximately 81.3 hectares (ha). As a result, the Belanger Project's total area has been reduced from approximately 2,214.9 ha to approximately 2,133.6 ha.
Following the decision to relinquish the Claims, the Belanger Project now comprises 105 contiguous, unpatented single-cell mining claims, covering approximately 2,133.6 ha. This strategic decision reflects the Company's ongoing efforts to optimize its asset portfolio and allocate capital toward higher-potential projects.
The Company applied for and has been granted an extension (the "Extension") of time by the Ontario Ministry of Energy and Mines, relating to exploration work on the Belanger Project. The Company also maintains a NI 43-101 Technical Report on the Belanger Project.
The Extension allows the Company additional flexibility to revisit exploration plans for the Belanger Project while it concentrates efforts on its battery metals initiatives as part of its broader strategic focus on building a 360° presence across the battery metals value chain. Under the Extension, the Company now has until April 18, 2026, to complete two years' worth of exploration expenditures on the property, totaling a minimum of
The Company is currently undertaking a comprehensive review of its strategic options and budgetary priorities for the Belanger Project. This includes a measured evaluation of the project's long-term potential within the context of its evolving asset portfolio and forward-looking initiatives across the battery materials ecosystem.
Management remains committed to a disciplined, value-oriented approach to capital deployment and is considering strategic pathways for the Belanger Project. The Company will provide further updates as it determines the most appropriate path forward within its overall corporate and battery metals strategy.
About Battery X Metals Inc.
Battery X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit batteryxmetals.com.
On Behalf of the Board of Directors
Massimo Bellini Bressi, Director
For further information, please contact:
Massimo Bellini Bressi
Chief Executive Officer
Email: mbellini@batteryxmetals.com
Tel: (604) 741-0444
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this release include statements regarding the Company's strategic decisions related to the Belanger Project, including the current decision to relinquish the Claims, the extension granted by the Ontario Ministry of Energy and Mines, planned exploration expenditures and timelines, the evaluation of strategic options for the Belanger Project, the Company's broader strategic focus on the battery metals value chain and the actions undertaken in furtherance of the Company's 360° strategy. Forward-looking statements reflect management's current beliefs, expectations, and assumptions based on available information as of the date of this release. However, these statements are subject to known and unknown risks, uncertainties, and other factors that could cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks include, but are not limited to, the risk that exploration or development plans for the Belanger Project may change or not materialize, and general economic, market, and regulatory conditions. Additional risks and uncertainties are discussed in the Company's filings on SEDAR+. The forward-looking statements in this news release are made as of the date hereof, and Battery X Metals disclaims any intention or obligation to update or revise such statements, except as required by law. Investors are cautioned not to place undue reliance on these forward-looking statements.
SOURCE: Battery X Metals
View the original press release on ACCESS Newswire
FAQ
What changes did Battery X Metals (BATXF) make to its Belanger Project in July 2025?
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