Battery X Metals announces estimated range increase of approximately 255 km after successful rebalancing of light electric commercial vehicle model with severe cell imbalance

Battery X Metals announces estimated range increase of approximately 255 km after successful rebalancing of light electric commercial vehicle model with severe cell imbalance, restoring range to approximately 295 km after rebalancing in preliminary test

Highlights of the press release:

1. Battery X Rebalancing Technologies restored a severely degraded Class 3 electric truck from a reported range of approximately 40 km to an estimated range of 295 km per charge without a load (an increase of 255 km or a 637.5% improvement), based on the results of controlled real-world performance tests.

1. Prototype 2.0, Battery X Rebalancing Technologies' patent-pending battery rebalancing platform, achieved groundbreaking real-world results by fully restoring the lost capacity of a 144-cell NMC battery pack with severe natural cell imbalance, restoring 100% of the imbalance-induced losses and increasing the rated capacity by 37.7%.

1. Battery X Rebalancing Technologies was notified of a broader commercial opportunity following reports of widespread battery degradation in similar electric trucks in active use – highlighting the increasing demand for a scalable, cost-effective rebalancing solution to extend battery life and reduce operating costs for commercial EV stakeholders.

VANCOUVER, British Columbia - July 4, 2025 / IRW-Press / Battery X Metals Inc. (CSE: BATX) (OTCQB: BATXF) (FWB: 5YW, WKN: A40X9W) ("Battery X Metals" or the "Company"), a resource exploration and energy transition technology company, announces that further to its press release dated June 6, 2025, its wholly-owned subsidiary, Battery X Rebalancing Technologies Inc. ("Battery X Rebalancing Technologies"), has successfully completed a real-world road test demonstrating a significant increase in the estimated range of a Class 3 all-electric truck, or light electric commercial vehicle (the "Electric Truck"), following a full battery rebalance using the Company's patent-pending second-generation lithium-ion battery rebalancing hardware and software platform ("Prototype 2.0").

As part of its ongoing performance validation program for Prototype 2.0, Battery X Rebalancing Technologies recently conducted a series of real-world driving tests on a rebalanced electric truck to evaluate the range and post-rebalancing battery efficiency. The electric truck was provided by an authorized Canadian electric truck distributor (the "Authorized Electric Truck Distributor") and, as stated by the Authorized Electric Truck Distributor, had previously demonstrated a significantly reduced range of approximately 40 km per full charge, due to significant natural cell imbalance due to real-world conditions.

In response to this battery capacity performance decline, Battery X Rebalancing Technologies performed a battery rebalancing procedure on the electric truck using Prototype 2.0, as originally announced in the Company's press release dated June 6, 2025. During the related rebalancing test (the "Rebalancing Test"), Battery X Rebalancing Technologies successfully performed a full rebalancing procedure on a 144-cell lithium-ion battery pack comprised of lithium nickel manganese cobalt oxide (NMC), which exhibited significant imbalance due to real-world operating conditions. The Rebalancing Test demonstrated full (100%) recovery of the imbalance-induced capacity losses and resulted in a 37.7% increase in the rated capacity (as defined in the June 6, 2025, press release) of the electric truck's battery pack.

The results

Following completion of the rebalancing process, Battery X Rebalancing Technologies conducted a series of controlled real-world performance evaluations (each a "Test" and collectively, the "Battery Range Performance Tests") on the electric truck to evaluate the post-rebalancing improvements in battery range and overall energy efficiency under actual operating conditions. In the first Test, the electric truck traveled a total of 41 km, consuming approximately 14% of its available battery capacity while operating in both highway and city driving conditions. In the second Test, the vehicle traveled a distance of 107.3 km under similar mixed driving conditions, consuming approximately 35% of its battery capacity. The third Test, conducted exclusively in city driving conditions, showed the vehicle traveling 58.2 km, consuming approximately 21% of its available battery charge (collectively, the "Results").

The results demonstrate a significant improvement in the electric truck's estimated range and effective battery capacity. Specifically, the post-rebalancing performance tests show an estimated range of approximately 295 km per full charge without a load. These figures represent an increase in the no-load range of up to 255 km, representing an improvement in battery range of approximately 637.5% compared to the pre-rebalancing range of approximately 40 km. The results confirm the technical efficiency and commercial relevance of Battery X Rebalancing Technologies' proprietary rebalancing process and support its broader applicability in light-duty electric vehicle fleets and other commercial e-mobility applications.

The electric truck's parent company has stated that the electric truck's expected range at maximum payload is approximately 290 km. Battery X Rebalancing Technologies' range performance testing resulted in an estimated unloaded range of approximately 295 km after rebalancing. Although these figures were determined under varying load scenarios, the close agreement between the range claimed by the authorized electric truck distributor and the estimated range after rebalancing reinforces the reliability of Battery X Rebalancing Technologies' testing methodology. Furthermore, the results underscore the potential of Battery X Rebalancing Technologies' rebalancing process to restore battery performance to levels consistent with the highest manufacturer-specified specifications.

Battery range performance tests were conducted without load. It should be noted that payload can impact energy consumption and overall range. This consideration is consistent with generally accepted industry dynamics and is provided to provide a complete and transparent understanding of the factors that can affect real-world vehicle performance. Range may vary depending on payload, terrain, driving style, and other operating conditions.

These performance results also validated the effectiveness and market relevance of Battery X Rebalancing Technologies' proprietary rebalancing solution for restoring degraded battery capacity and significantly extending the remaining useful life of commercial electric vehicle batteries. The company believes these results provide promising technical validation for broader commercial deployment of the Prototype 2.0, particularly in fleet environments where range reliability, battery longevity, and total cost of ownership are critical.

Significance of the results and market opportunities for the electric truck

The results of the rebalancing test and battery range performance tests demonstrate that the Prototype 2.0 is capable of effectively rebalancing lithium-ion battery packs with significant, inherently unbalanced battery cells. This positive result builds on the previously announced validation milestones achieved by Battery X Rebalancing Technologies, which include independent technical validation by the National Research Council of Canada (see below), and the company's May 30, 2025, press release announcing the successful rebalancing of an inherently unbalanced battery pack in the Nissan Leaf, the second most sold out-of-warranty electric vehicle model in the United States.

Importantly, the results not only confirm the technical efficiency of the Prototype 2.0 in an electric truck application, but also demonstrate its potential to restore significant lost battery capacity due to cell imbalance. This achievement underscores the relevance of the company's patent-pending technology in practical, real-world scenarios and highlights the broader need for scalable, cost-effective battery recovery solutions. The battery ranges confirm the economic viability of the Prototype 2.0 as a solution for extending the remaining useful life of aging battery packs in commercial electric vehicle fleets.

The electric truck and corresponding battery pack were provided free of charge to Battery X Rebalancing Technologies for testing and evaluation by the authorized electric truck distributor, who stated that it owns and operates a fleet of approximately 20 electric trucks (the "Electric Truck Fleet"). According to the authorized electric truck distributor, several vehicles in the electric truck fleet were exhibiting a significant decrease in battery performance and capacity loss due to cell imbalance. The rebalancing test and battery range performance tests were conducted at the request of the authorized electric truck distributor, who was seeking a viable alternative to completely replacing the batteries, which could be costly for the entire fleet.

The objective of the rebalancing and battery range performance tests was to determine whether the Prototype 2.0 could effectively restore the functional battery performance of a degraded battery unit in the electric truck fleet. Following successful rebalancing, the battery range performance tests were also intended to quantify the extent of restored battery capacity in terms of estimated range. The positive results will inform and support ongoing discussions with the authorized electric truck distributor regarding the potential deployment of the rebalancing solution across its fleet to extend battery life and mitigate the operational and financial impact of premature battery replacement.

Battery X Rebalancing Technologies has been informed by the authorized electric truck distributor that a significant number of similar electric trucks are currently in operation in various markets, including those owned by the electric truck's parent company, authorized distributors, commercial fleet operators, and private owners. Many of these vehicles are reportedly exhibiting symptoms of battery degradation related to cell imbalance. This feedback highlights the broader market opportunity for Battery X Rebalancing Technologies to offer a scalable, cost-effective rebalancing solution to extend battery life and reduce total cost of ownership for commercial EV stakeholders.

In conjunction with the rebalancing test and battery range performance testing, Battery X Rebalancing Technologies is currently advancing the development of standardized operating procedures ("SOPs") tailored to the electric truck battery pack and is also refining the user interface and workflow improvements within Prototype 2.0. The company is also actively pursuing a commercial manufacturing agreement to support the scalable production and deployment of its rebalancing platform. These activities are intended to further develop the company's comprehensive commercialization strategy, which is not limited to any single third-party opportunity. However, the specific electric truck SOPs are being developed in direct response to the successful battery range performance testing and interest from the authorized electric truck distributor.

There can currently be no assurance that Battery X Rebalancing Technologies will sign a definitive commercial agreement with the authorized electric truck distributor or any other third party. While the company remains confident that the rebalancing test and battery range performance tests demonstrate a clear market need, any future commercial agreements are subject to further technical validation, negotiation of mutually acceptable terms, and achievement of all required operational readiness milestones.

The problem: The increasing spread of electric vehicles poses new challenges to the life cycle of batteries

Approximately 17.1 million electric vehicles were sold worldwide in 2024, an increase of 25% compared to 20231. With total electric vehicle sales estimated at over 40 million units between 2015 and 20232, it is expected that a significant portion of the global EV fleet will see its manufacturer warranty expire in the coming years.

By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are expected to no longer be covered by their original manufacturer's warranty.3, 4 This forecast is based on current EV adoption figures and industry-standard warranty terms and conditions and highlights the growing risk for EV owners facing battery degradation, reduced capacity, and the need for costly replacement.5 As the global EV fleet continues to grow, demand is increasing for technologies that extend battery life, reduce long-term operating costs, and support a sustainable transition to electromobility.

The solution: Pioneering next-generation technologies to support the longevity of lithium-ion batteries

Battery X Rebalancing Technologies' proprietary software and hardware technology aims to address this challenge by extending the lifespan of EV batteries. This innovation is being developed to improve the sustainability of electromobility and provide electric vehicle owners with a more cost-effective and environmentally friendly experience by reducing the need for costly battery replacement.

Battery X Rebalancing Technologies' rebalancing technology, validated by the National Research Council of Canada ("NRC"), focuses on battery cell rebalancing. NRC validation demonstrated the technology's ability to effectively correct cell-to-cell imbalances in lithium-ion battery packs, restoring nearly all of the capacity lost due to cell-to-cell imbalances. Validation was performed on battery modules consisting of 15 series-connected 72 Ah LiFePO4 cells. The cells were initially brought to a uniform state of charge with a measured discharge capacity of 71.10 Ah. In the validation test, three of the 15 cells were then artificially unbalanced - one cell was charged to a 20% higher state of charge and two cells were discharged to a 20% lower state of charge - resulting in a reduced discharge capacity of 46.24 Ah after the balance was restored using Battery X Rebalancing Technologies' rebalancing technology.

Given these advances, Battery X Rebalancing Technologies is establishing itself as a participant in lithium-ion and EV battery solutions to address the critical challenges associated with battery pack capacity decline and costly replacement. By extending the lifecycle of battery materials within the supply chain, Battery X Rebalancing Technologies strives to support the energy transition and promote a more sustainable future.

1 Rho Motion - Global EV Sales 2024, 2 IEA Global EV Outlook 2024, 3 IEA, 4 US News, 5 Recurrent Auto

About Battery X Metals Inc.

Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FWB:5YW, WKN:A40X9W) is an exploration and technology company focused on commodities for the energy transition. To this end, Battery X Metals is committed to advancing the exploration of domestic and critical battery metal deposits while developing proprietary next-generation technologies. With a diversified, 360-degree approach to the battery metals industry, the company focuses on the research, life extension, and recycling of lithium-ion batteries and battery materials. For more information, please 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: [email protected]

Phone: (604) 741-0444

Disclaimer for forward-looking information

This press release contains forward-looking statements within the meaning of applicable Canadian securities legislation. Forward-looking statements in this release relate to, among other things: the estimated range improvements for the electric truck at no load and maximum payload following the rebalancing process; the interpretation and impact of the battery range performance trials and the rebalancing trial; the technical capabilities and commercial potential of the Prototype 2.0, including its ability to restore battery capacity and address cell imbalance in lithium-ion battery packs; the applicability of the technology to Class 3 electric trucks and other commercial electric vehicle platforms; the consistency between test results, manufacturer specifications, and industry standards; potential discussions and future commercial agreements with the authorized electric truck distributor; the size and condition of the electric truck fleet; the development and implementation of standard operating procedures (SOPs); user interface improvements; the possibility of entering into a commercial manufacturing agreement; the broader market demand for cost-effective rebalancing solutions; the number of similar electric vehicles currently in operation in various markets; the owners and owners of similar electric vehicles; the battery degradation symptoms and potential cell imbalance condition of similar electric vehicles; the potential market opportunities arising from similar electric vehicles; and the Company's strategic objective of extending battery life and reducing total cost of ownership for commercial electric vehicle operators. These forward-looking statements reflect management's current expectations, estimates, projections, and assumptions as of the date of this press release and are based on a number of factors and assumptions considered reasonable at the time such statements are made, including, but not limited to: assumptions regarding battery chemistry behavior, the repeatability of rebalancing results across similar battery packs and vehicle platforms, the continued accuracy of data provided by third-party vendors, the Company's ability to develop, test, and manufacture Prototype 2.0 at scale, and the successful negotiation and execution of commercial and manufacturing agreements. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to: technical challenges in product validation or scalability; variations in battery performance under different conditions and chemistries; the inability to reproduce test results in other environments; delays or failures in obtaining commercial or manufacturing agreements; lack of customer acceptance; supply chain constraints; regulatory, legal, or operational limitations; and risks generally associated with early-stage clean-tech companies. There can be no assurance that the Company will enter into a commercial agreement with the authorized electric vehicle distributor or any other third party, that Prototype 2.0 will be commercially accepted, or that Battery X Metals Inc. or Battery X Rebalancing Technologies Inc. will realize any revenues from the initiatives described herein. Readers are cautioned not to place undue reliance on such forward-looking statements. Battery X Metals Inc. undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws, whether as a result of new information, future events or otherwise. Investors are advised to consult the Company's continuous disclosure documents, which are available under its profile at www.sedarplus.ca, for additional risk factors and information.

The original language (usually English) in which the original text is published is the official, authorized, and legally binding version. This translation is provided for ease of understanding. The German version may be shortened or summarized. No responsibility or liability is assumed for the content, correctness, adequacy, or accuracy of this translation. From the translator's perspective, this release does not constitute a recommendation to buy or sell! Please refer to the original English release at www.sedarplus.ca, www.sec.gov, www.asx.com.au/, or on the company's website.

NEWSLETTER REGISTRATION: