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Battery X Metals Taps U.S. Investment Bank to Accelerate Nasdaq Uplisting and Expand EV Battery Tech Across America
Battery X Metals Inc., a Canadian innovator in energy transition and battery technology, has embarked on a significant journey towards uplisting on a major U.S. securities exchange, with Nasdaq being the targeted platform. This strategic move follows the company’s engagement with a distinguished U.S. investment bank, appointed as their exclusive financial advisor.
In an official agreement, this partnership sets the stage for a comprehensive array of services aimed at capital market navigation, which includes investor roadshows and expert consultation. The ultimate goal is to elevate Battery X’s profile within the U.S. investment landscape, allowing for greater access to potential investors.
CEO Massimo Bellini Bressi emphasized the importance of this collaboration, stating, “This engagement with the U.S. Investment Bank marks an important step as we advance Battery X Metals toward a national U.S. exchange listing. We are confident their deep capital markets expertise will accelerate our growth trajectory.”
Accelerating U.S. Expansion Through Next-Generation Innovations
This strategic partnership dovetails with Battery X Metals’ ambitious U.S. expansion plan, particularly in commercializing its innovative patent-pending technology: the electric vehicle battery rebalancing machine. Developed by Battery X Rebalancing Technologies Inc., this machine has demonstrated remarkable effectiveness in trials—seen in a 637% increase in the range of a previously degraded electric vehicle, restoring its capability to over 295 kilometers after rebalancing.
The rollout of this transformative technology is anticipated to take place in U.S. automotive service centers and dealerships, pending successful validation and formal partnerships.
A Comprehensive Battery Ecosystem Strategy
Battery X Metals is not only focusing on electric vehicles but is also diversifying into several key sectors:
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Battery Recycling: Through its subsidiary, Battery X Recycling Technologies, the company is dedicated to sustainable lithium-ion battery recycling. They are collaborating with a top global university, focusing on innovative froth flotation technology to reclaim valuable materials such as lithium, cobalt, nickel, and graphite.
- AI-Driven Mineral Exploration: Under the division Battery X Discoveries Inc., the company is applying cutting-edge AI models in partnership with TerraDX and MineMind Metals for the exploration of battery minerals in Nevada. Supported by TerraDX’s involvement in the NVIDIA Inception program, this collaboration aims to streamline discovery processes and improve subsurface targeting methodologies.
Strategic Framework and Listing Roadmap
In terms of its financial strategy, Battery X Metals plans to issue 577,915 common shares to the U.S. investment bank over a span of four months. Additionally, the investment bank will receive a 7% commission along with broker warrants on any capital raised. Should the company pursue a reverse merger or acquisition for listing, a 3.5% success fee will apply. All outlined terms remain contingent upon compliance with Nasdaq or other exchange requirements, including criteria related to market capitalization, public float, and stock price thresholds.
Battery X Metals Inc.’s proactive engagement and innovative approach position it as a noteworthy player in the rapidly evolving landscape of energy technologies and sustainable practices. As the company seeks to embed itself further in the U.S. market, it stands ready to leverage its technological advancements to reshape the future of battery applications.