COMPANY milestones

• Acquisition of 49% stake of LIBRT, EV battery diagnostic and renewing technology company in June 2024, with two-year option to acquire the remaining 51%.

• LIBRT’s proprietary technology diagnoses and extends electric-vehicle battery lifespan thereby contributing to the sustainability of electric transportation and ensuring a more cost-effective and environmentally friendly EV ownership experience. LIBRT has successfully developed a functioning prototype, validated by the National Research Council of Canada (NRC), and is on track to complete a commercial-scale product.

• LIBRT license to preventative maintenance artificial intelligence (AI) model with patent portfolio for precise battery monitoring and predicting emerging trends for use in secondary Battery Energy Storage Systems (BESS), AI and big data.

• Collaborative Research Agreement underway with one of Canada’s leading research universities to pioneer a proprietary eco-friendly froth flotation process to recover battery-grade metals such as lithium, nickel, cobalt, manganese, copper, and graphite from "black mass," the residual material from shredded lithium-ion batteries from lithium-ion batteries, contributing to a circular economy and address potential shortages of critical metals in the battery supply chain. Battery X Metals’ proprietary froth flotation process optimizes metal recovery while retaining metals in their oxide form, unlike traditional hydrometallurgical and pyrometallurgical methods that require additional steps. This streamlined approach minimizes environmental impact and energy consumption, contributing to a more efficient recycling process and ensuring a stable supply of essential battery metals. The collaborative research agreement aims to validate this technology, with plans to apply for a provisional patent upon successful validation. The opportunity to keep black mass processing in North America is encouraged by local governments, as it is currently exported to Asian countries in large quantities

• Acquisition of 100% ownership of the Nunavik, QC Leaf River Project, encompassing 83 claims over an area of approximately 3,500 hectares, and 100% of the Abitibi, QC Reservoir-Dozios Project, encompassing 52 claims over an area of approximately 3,500 hectares. Each project is in close to proximity to key mining projects and within an area of successful lithium exploration. The Nunavik property is contiguous to the Eureka Lithium's New Leaf Project and the Abitibi Project is located near Sayona Mining Limited's Abitibi Lithium Hub. Both aforementioned companies report large, mineralized structures and pegmatite formations within the regions. 2

• Commencement of exploration program at its Belanger Project in Red Lake, Ontario. The Belanger Project's known gold and copper assets align perfectly with the current market dynamics where both gold and copper are experiencing significant demand — gold as a resilient investment asset and copper as a critical component in the electric vehicle (EV) battery and renewable energy sectors