ISSUED ON BEHALF OF BATTERY X METALS INC.
See How a Circular Economy and Battery X Metals Inc. (CSE:BATX) (OTC:BATXF) Are Key to Meeting the 670% Surge in Lithium-Ion Battery Demand[1] and Driving Global Electrification
The global shift towards clean energy is driving up the need for lithium-ion batteries. This is mainly due to the rapid growth of electric vehicles (EVs) and new regulations and incentives like the U.S. Inflation Reduction Act and Europe’s “Fit for 55” plan. [2],[3]
According to analysts at McKinsey & Company, by 2030, the demand for lithium-ion batteries is expected to rise by 670%.[4]
Analysts at Benchmark have also predicted the global battery industry will need $514 billion to meet demand by 2030, and a whopping $920 billion by 2035.[5]
All the while… the supply chain is clearly not ready for this increase.
Critical battery materials like lithium, nickel, cobalt, and graphite are each projected to be in short supply very soon.[6]
On top of that, only about 5% of lithium-ion batteries are recycled today[7], meaning valuable materials are being wasted.
Graphite is one of the highest sought-after resources, at the moment:
“Our batteries should be called nickel-graphite, because they’re mostly nickel & graphite” (Elon Musk, 2016)[8]
This highlights the urgent need for a green circular economy approach, where products and materials are reused, recycled, and put back in the supply chain for as long as possible to minimize waste and reduce reliance on raw material extraction.
Millions of EV batteries have either surpassed or are nearing the end of their warranties, with 3.4 million EV batteries expected to be removed from their original cars by 2025[9].
Replacing these batteries can be very expensive ($4,000-$18,000)[10], forcing owners to look for cheaper ways to maintain or extend the life of their batteries[11].
Battery replacement has risen to the top of potential EV buyers’ list of concerns of EV batteries[12]. BATX is focused on addressing this concern by developing technology that diagnoses the health and extends their lifespan.
Without new environmentally-friendly battery recycling, diagnosis, and longevity technology, the clean energy transition could face big challenges[13].
This rising demand for battery materials and the need for sustainable solutions opens a unique opportunity for companies that can innovate in areas like battery recycling and lifespan extension.
Meet Battery X Metals Inc. (CSE:BATX) (OTC:BATXF), a Forward-Thinking Company Revolutionizing the Lithium-Ion Battery Industry with Innovative Recycling, Health Diagnostics, and Lifespan Extension Technology.
Battery X Metals Inc. (CSE:BATX) (OTC:BATXF) is tackling one of the biggest challenges in the battery industry: sustainability.
As the markets for EVs and energy storage systems grow, the demand for affordable ways to recycle, diagnose, and extend battery life has never been greater.
With demand for EV batteries expected to skyrocket, BATX is positioned to benefit from this sustained growth.
BATX’s innovative recycling process recovers critical battery materials like graphite, lithium, nickel, cobalt, and graphite from used batteries.
Their proprietary technology reduces the need for new mining and introduces new technologies to support and enhance the circular economy by putting these metals back into the supply chain.
But recycling is only part of the solution.
Through its portfolio company, Lithium-ion Battery Renewable Technologies Inc. (“LIBRT”), BATX is driving innovation in battery lifespan extension. LIBRT’s proprietary battery diagnostics & rebalancing technology can spot issues in EV batteries early and help extend their life by rebalancing cells through its proprietary technology before they fail.
Regular checks and the rebalancing process (similar to an “oil change” for traditional ICE vehicles) can save EV owners money by delaying or avoiding costly replacements, and reduce battery waste.
With these innovative solutions, BATX is positioned as a leader in the clean energy shift, offering both environmental and economic benefits.
It also presents an exciting investment opportunity for those looking to support the future of sustainable energy.
Let’s now take a deeper look into why Battery X Metals Inc. (CSE:BATX) (OTC:BATXF) is a force to be reckoned with in the changing global economy.
7 Reasons
Investors Should Pay Attention to
Battery X Metals Inc.
(CSE:BATX) (OTC:BATXF)
1 – Proprietary Recycling Technology
BATX’s froth flotation process has the potential to be game-changer in battery recycling. This eco-friendly proprietary technology, being developed in partnership with a Global Top 20 university, aims to recover critical battery-grade materials like graphite, lithium, nickel, and cobalt, from used batteries. By reducing the need for new mining, it supports a circular economy and contributes to sustainable manufacturing.
2 – Advanced Diagnostic & Rebalancing Platform
Through its subsidiary LIBRT, BATX has developed a proprietary diagnostic and rebalancing machine that extends the life of lithium-ion batteries. This innovative technology diagnoses battery health and actively rebalances cells to maximize battery lifespan, offering EV owners a cost-effective alternative to battery replacement.
3 – Strategic Lithium Exploration & Diversified Portfolio
BATX controls key lithium exploration projects in North America, including the Y Lithium Project and Nunavik Leaf River Project, and Abitibi Lithium Project. Additionally, BATX has diversified its portfolio by investing in precious metals projects, such as the Belanger Property and Premier Silver Corp.
4 – Key Partnerships
Its partnership with a Global Top 20 university further strengthens its leadership in developing innovative recycling technologies, and LIBRT’s partnership with BJPN accelerates the development of Prototype 2.0 of its proprietary diagnostic and rebalancing machine
5 – Aligned with Clean Energy Goals
BATX is directly contributing to global efforts like the U.S. Inflation Reduction Act and Europe’s Fit for 55 plan by focusing on reducing waste and improving battery lifespan. These efforts align with long-term sustainability goals, positioning BATX as a critical player in the clean energy transition.
6 – Emerging Leader in the Circular Economy
By recovering and reintroducing critical metals and graphite back into the battery supply chain, BATX is driving a closed-loop system that significantly reduces environmental impact and production costs, supporting both sustainable energy and economic growth.
7 – Poised for Long-Term Growth
With global demand for lithium-ion batteries expected to increase by 670% by 2030[14], BATX is well-positioned to benefit from the surging EV and energy storage markets. This growing demand creates significant long-term opportunities for BATX’s innovative technologies and exploration efforts.
Froth Flotation Process: Pioneering Battery Recycling
At the core of Battery X Metals Inc.’s (CSE:BATX) (OTC:BATXF) strategy is its proprietary froth flotation process, an innovative technology optimized for recovering valuable metals from black mass—the shredded remains of lithium-ion batteries.
This process efficiently recovers critical materials like lithium, nickel, cobalt and graphite from used batteries, reducing the need for new mining operations and conserving natural resources. The BATX process is cleaner, eco-friendly, and cost-effective. It avoids burning Black Mass and using chemicals, reducing pollution risks.
Benefits of the froth flotation process:
- Supports a circular economy by reintroducing recycled battery materials into the supply chain.
- Lowers environmental impact by minimizing waste and resource extraction.
- Aims to create economic savings for manufacturers and consumers alike.
LIBRT’s Proprietary Diagnostic and Rebalancing Technology
Battery X Metals Inc. (CSE:BATX) (OTC:BATXF) is also positioning itself at the forefront of sustainable battery innovation through its 49%-owned portfolio company, Li-ion Battery Renewable Technologies Inc. (LIBRT).
LIBRT has developed a proprietary system designed to diagnose and effectively renew EV batteries offering a cost-effective and environmentally friendly solution to the growing problem of battery degradation.
As analysts project more than 12 million tons of lithium-ion batteries will no longer work in EVs by 2030[15], with 3.4 million EV batteries expected to be removed from their original cars by 2025[16], LIBRT’s technology provides a much-needed alternative to costly replacements.
Instead of disposing of aging batteries, LIBRT’s innovative solution helps rebalancing them and restoring them to optimal performance, extending their lifespan and contributing to a more sustainable approach to electric transportation.
Key Features of LIBRT’s Technology:
- Battery Diagnostics: LIBRT’s system assesses the health of each battery cell, identifying early signs of degradation. By detecting issues like imbalances in voltage or temperature, the system ensures EV batteries remain safe and reliable for longer.
- Cell Rebalancing: Using proprietary technology, LIBRT rebalances the charge and voltage across all cells within the battery pack, improving overall performance, safety, and ensuring that every cell is working efficiently, by keeping them all at the same level of capacity.
- Prototype 2.0 Development: The latest advancements in LIBRT’s technology, including Prototype 2.0, further enhance diagnostics by improving the accuracy of State of Health (SOH) and State of Charge (SOC) assessments, as well as optimizing the rebalancing process.
LIBRT’s collaboration with key partners, in North America and internationally, is driving the development and future commercialization of this technology, moving it closer to widespread deployment in both the EV market and Battery Energy Storage Systems (BESS).
With its ability to prolong battery life, LIBRT’s solution offers significant cost savings for EV owners, while supporting global sustainability efforts by reducing waste and minimizing the environmental impact of battery disposal.
Together, these innovations are helping LIBRT position itself as a leader in the battery diagnostics and battery longevity space, offering long-term benefits for consumers, manufacturers, service centers, recyclers and the clean energy sector as a whole.
Strategic Mineral Exploration
As the demand for lithium-ion batteries continues to rise, securing a stable supply of critical battery metals is becoming increasingly important.
Battery X Metals Inc. (CSE:BATX) (OTC:BATXF) is taking proactive steps to address this challenge through several strategic exploration projects across North America, aimed at ensuring a domestic supply of key materials like lithium, nickel, cobalt and graphite.
One of the company’s flagship initiatives is the Y Lithium Project in Northern Saskatchewan. This project is strategically positioned to reduce North America’s dependency on foreign lithium sources—a metal essential for producing EV batteries.
The Y Lithium Project is poised to provide a reliable and sustainable supply of lithium to meet the growing demand from the electric vehicle and energy storage industries.
Additionally, BATX holds the Nunavik Project and the Abitibi Lithium Hub, which further diversify their supply of critical battery metals. These projects are crucial for supporting the North American clean energy market and addressing the looming shortages of critical materials that are essential for battery production.
Beyond battery metals, BATX is also involved in precious metal exploration through its Belanger Gold-Copper Project and its stake in Premier Silver Corp, which is a shareholder of the Malley Mine, in Peru, adding diversification to its portfolio and increasing its market resilience.
By focusing on domestic exploration, BATX is strengthening the North American battery supply chain, reducing both environmental and economic risks associated with relying on foreign imports.
Through its exploration efforts, BATX ensures the future of clean energy remains secure, sustainable, and aligned with North America’s energy independence goals.
Key Research Alliances
Battery X Metals Inc. (CSE:BATX) (OTC:BATXF) is advancing its proprietary battery recycling technology through strategic partnerships, including a standout collaboration with a Global Top 20 university.
This academic partnership plays a vital role in the development of BATX’s proprietary froth flotation process, which efficiently recovers critical battery materials like lithium, nickel, graphite and cobalt from used batteries. By working closely with world-class researchers, BATX continues to refine this cutting-edge technology, enhancing the sustainability of its recycling operations.
Beyond recycling, as mentioned above, BATX is also driving innovation in battery diagnostics and rebalancing technology through LIBRT’s collaboration with BJPN, a lab, specialized in developing advanced technologies. This partnership accelerates the development and commercialization of Prototype 2.0, strengthening BATX’s capacity to extend battery lifespans and improve the performance of Battery Energy Storage Systems (BESS).
By collaborating with both academic and industry leaders, BATX ensures its solutions are backed by rigorous research and cutting-edge advancements, solidifying its position as a leader in battery recycling and sustainability innovations.
Strong Management
In order to achieve its goals, Battery X Metals Inc. (CSE:BATX) (OTC:BATXF) is led by a skilled team with diverse backgrounds in strategic business development, finance, clean energy technologies, corporate leadership, and geology, positioning the company at the forefront of sustainable energy solutions.
BATX’s leadership team includes:
BEFORE YOU GO…
Battery X Metals Inc. (CSE:BATX) (OTC:BATXF) is on the brink of transformative growth, driven by its innovative battery recycling technology and strategic critical mineral exploration efforts—both of which are integral to the future of clean energy.
As the world shifts towards sustainable energy storage, BATX is playing a pivotal role, with technologies designed to extend the life of batteries and reduce environmental impact.
With upcoming developments in diagnostics and recycling, 2024-25 is shaping up to be a defining year for the company.
Stay informed on BATX’s latest milestones and exciting advancements—subscribe now to receive updates directly.
Visit the official Battery X Metals website to learn more and follow their journey towards a greener future.
USA News Group
Editorial Staff
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SOURCES CITED:
[1] https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/battery-2030-resilient-sustainable-and-circular
[2] https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after#:~:text=Who%20qualifies,purchased%20from%202023%20to%202032.
[3] https://climate.ec.europa.eu/news-your-voice/news/fit-55-eu-reaches-new-milestone-make-all-new-cars-and-vans-zero-emission-2035-2023-03-28_en
[4] https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/battery-2030-resilient-sustainable-and-circular
[5] https://source.benchmarkminerals.com/article/financing-the-battery-arms-race-the-514-billion-cost-of-bridging-the-global-ev-supply-chain-divide?utm_medium=email&_hsmi=73031805&utm_content=73031805&utm_source=hs_email
[6] https://www.iea.org/reports/global-critical-minerals-outlook-2024/executive-summary
[7] https://www.cas.org/resources/cas-insights/lithium-ion-battery-recycling
[8] https://www.gsixenergy.com/media/elon-musks-nickel-graphite-revelation-our-batteries-should-be-called-nickel-graphite-highlights-the-crucial-role-of-graphite-in-ev-batteries#:~:text=Elon%20Musk%3A%20%22Our%20Batteries%20Should,of%20Graphite%20in%20EV%20Batteries&text=In%20an%20interview%2C%20Elon%20Musk,(EVs)%20and%20battery%20technology.
[9] https://www.kbb.com/car-news/where-will-ev-batteries-go-when-were-done-with-them/
[10] https://www.consumeraffairs.com/automotive/ev-battery-replacement-cost.html
[11] https://www.kiavictoria.ca/seven-biggest-mistakes-people-make-with-their-ev-battery-that-will-cost-you/
[12] https://www.ey.com/en_us/newsroom/2024/09/us-consumers-less-likely-to-purchase-an-ev-than-last-year
[13] https://www.weforum.org/agenda/2024/02/battery-storage-solutions-clean-energy-transition/#:~:text=Energy%20consumption%20and%20production%20contribute,the%20slowest%20rate%20since%202010.
[14] https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/battery-2030-resilient-sustainable-and-circular
[15] https://www.batterycycle.io/replacing-your-ev-battery-when-it-reaches-its-end-of-life/#:~:text=According%20to%20some%20estimates%2C%20there,duty%20ICE%20vehicles%20from%202030.
[16] https://www.kbb.com/car-news/where-will-ev-batteries-go-when-were-done-with-them/
