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Battery X Metals Acquires Full Control of Advanced Battery Tech Innovator
Battery X Metals (OTCQB: BATXF) has solidified its position in the battery technology sector by acquiring the remaining 51% stake in Li-ion Battery Renewable Technologies Inc. (LIBRT) on March 28, 2025. This acquisition, which involves the issuance of 3,030,296 common shares, follows the company’s initial investment of 49% in 2024. With this maneuver, Battery X Metals aims to fully leverage LIBRT’s advanced technologies and enhance its integrated battery supply chain strategy.
Key Developments at LIBRT
Significant advancements have been realized at LIBRT since Battery X Metals acquired its initial stake. The company has not only made progress in developing its technology but has also fortified its partnerships. A noteworthy collaboration has been with Beijing Pengneng Science & Technology, which reflects a mutual commitment to innovation in battery technology. Furthermore, LIBRT is on track to deliver its Diagnostic and Rebalancing Machine Prototype 2.0 in April 2025, playing a crucial role in the company’s technological roadmap. Additionally, LIBRT has embarked on filing provisional patents to protect its proprietary technologies, ensuring a competitive edge in the market.
Breakdown of the Acquisition
In the recent acquisition, a total of 3,030,296 common shares were issued by Battery X Metals, with 1,818,176 shares directed towards LIBRT management under a 12-month voluntary escrow agreement. This strategic move aims to prevent immediate share sales, allowing the company to stabilize its share value post-acquisition. Meanwhile, the remaining 1,212,120 shares are unrestricted and can be traded freely.
Strategic Vision for Battery X Metals
Battery X Metals is focused on developing a vertically integrated battery supply chain that encompasses:
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Critical Battery Metal Exploration: The company is committed to finding new sources of essential minerals, which are crucial for the battery industry. This strategy supports long-term supply and sustainability.
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Material Recovery Technologies: Battery X Metals is innovating eco-friendly methods for reclaiming battery materials from end-of-life lithium-ion batteries. This approach minimizes the environmental impact associated with traditional recovery methods like smelting.
- Battery Diagnostics Solutions: By incorporating LIBRT’s technologies, Battery X Metals aims to extend the lifespan of electric vehicle (EV) batteries, thereby reducing waste and demand for raw materials.
Massimo Bellini Bressi, CEO of Battery X Metals, emphasized the importance of this acquisition, stating, “The consolidation of LIBRT marks a pivotal moment for Battery X Metals. With LIBRT’s cutting-edge diagnostics and rebalancing capabilities, we’re not only addressing material scarcity but also shaping a cleaner future for the lithium-ion and EV battery industry.”
Conclusion
The acquisition of LIBRT by Battery X Metals signifies a clear commitment to innovation and sustainability in the battery technology landscape. By fully integrating LIBRT’s proprietary technologies and advancing their eco-friendly recovery methods, Battery X Metals is well-positioned to meet the growing demands of the battery market. This strategy not only enhances their operational capabilities but also contributes to building a more sustainable future for the battery industry. As the company moves forward, its integrated approach aims to balance growth with environmental responsibility, paving the way for a circular economy in battery technology.
