BATX Announces New Strategic Partnership with Global Top 20 University Building on Preliminary Advancements in Critical Battery Material Recovery and Supporting Future Pilot-Scale Development of Proprietary Battery-Material Recycling Technology

Batery X Metals Announces New Strategic Partnership with Global Top 20 University Building on Preliminary Advancements in Cri�cal Batery Material Recovery and Suppor�ng Future Pilot-Scale Development of Proprietary Batery-Material Recycling Technology

News Release Highlights:

1. Battery X Recycling Technologies Inc., a wholly-owned subsidiary of Battery X Metals Inc., has entered into a new Collaborative Research Agreement with a Global Top 20 University to advance and expand the development of its proprietary froth-flotation process for the recovery of high-purity graphite, oxides, and phosphates from end-of-life lithium-ion batteries.

2. The collaboration builds on prior laboratory success in which the Global Top 20 University identified a new solvent that, when combined with a two-stage re-flotation process, significantly improved material separation efficiency—achieving graphite recoveries above 98% and oxide purities up to 96% under mild, environmentally responsible conditions.

3. The new Agreement will focus on refining graphite grade and oxide purity, expanding the process

to include lithium-iron-phosphate (LFP) black-mass chemistries, and advancing the data and methodologies required to support the future transition from laboratory development to pilot-scale validation and eventual commercialization.

VANCOUVER, Bri�sh Columbia – November 25, 2025 – Batery X Metals Inc. (CSE:BATX) (OTCQB:BATXF) (FSE:5YW0, WKN:A41RJF) (“Batery X Metals” or the “Company”) announces that its wholly-owned subsidiary, Batery X Recycling Technologies Inc. (“Batery X Recycling Technologies”), has entered into a new Collabora�ve Research Agreement (the “Agreement”) with a globally ranked Top 20 university (the “Global Top 20 University”).

As one of North America’s largest and most advanced centers for mining engineering educa�on and research, the Global Top 20 University’s Ins�tute of Mining Engineering will collaborate with Batery X Recycling Technologies to further advance the par�es’ jointly developed proprietary batery-material recovery technology. This new Agreement builds upon the founda�on established under the previously disclosed Amended Collabora�ve Research Agreement, as disclosed in the Company’s news release dated September 24, 2024, and con�nues the joint development and valida�on of the Company’s eco-friendly froth-flota�on process for the recovery of cri�cal batery materials.

Batery X Metals’ Commitment to the Global Energy Transi�on

This new phase of collabora�on reinforces Batery X Metals’ commitment to advancing technologies that support the global energy transi�on and sustainable resource recovery. The partnership between Batery X Recycling Technologies and the Global Top 20 University’s Ins�tute of Mining Engineering, recognized interna�onally for its leadership in mineral processing and flota�on science, is focused on developing an environmentally responsible froth-flota�on process designed to recover key batery-grade materials such as graphite, lithium, nickel, cobalt, manganese, and copper from end-of-life lithium-ion bateries. The proprietary process under development aims to minimize chemical use and energy consump�on while improving the efficiency and purity of recovered materials to support a circular, low-impact supply chain for cri�cal minerals.

Advancing a Preliminary Breakthrough

In the ini�al phase of collabora�on, Batery X Recycling Technologies and the Global Top 20 University conducted a series of controlled laboratory tests on both oxidized and unoxidized black-mass samples to examine how surface oxida�on and binder coa�ngs affect flota�on performance. The study confirmed that oxida�on and polymer binders significantly reduced graphite hydrophobicity, causing metal oxides to float with graphite and reducing separa�on efficiency.

The Global Top 20 University’s research team iden�fied a new solvent capable of effec�vely removing these binder coa�ngs while preserving the natural structure of the graphite. When combined with a twostage re-flota�on process, the solvent treatment restored surface proper�es and substan�ally improved material separa�on. Under op�mized condi�ons, graphite recoveries exceeded 98%, and metal-oxide tailings reached puri�es of 95% to 96%. These results marked a cri�cal step forward in valida�ng the laboratory performance of the Company’s eco-friendly process under mild and environmentally responsible condi�ons.

“This advancement marks a significant step in proving the capability of our proprietary process,” said Massimo Bellini Bressi, Chief Execu�ve Officer of Batery X Metals. “By combining the newly iden�fied solvent with a two-stage re-flota�on process, we achieved a preliminary lab-scale breakthrough in our results demonstra�ng high graphite recovery and oxide purity. These outcomes demonstrate the poten�al of our approach and reinforce the commercial poten�al of an environmentally responsible solu�on for recovering high-value batery materials. This progress con�nues to build momentum as we move toward the next stage of development and aspire to future pilot scale-up opportuni�es.”

Next Phase of Collabora�on

The new Agreement is focused on advancing the development of Batery X Recycling Technologies’ proprietary batery-material recovery process through con�nued laboratory research and process refinement. The next phase will concentrate on improving graphite grade and metal-oxide purity by op�mizing flota�on parameters and solvent treatments, while also expanding tes�ng to include lithiumiron-phosphate (LFP) black-mass chemistries. This work is intended to generate the data and process understanding necessary to support future pilot-scale development once addi�onal laboratory objec�ves have been met.

The research will be led by the head Professor in the Department of Mining Engineering at the Global Top 20 University, supported by a dedicated team of researchers focused on advancing the separa�on and recovery of high-value batery materials through efficient and environmentally responsible methods.

“The University’s Ins�tute of Mining Engineering is among the world’s most respected centers for flota�on research,” said Massimo Bellini Bressi, Chief Execu�ve Officer of Batery X Metals. “This next phase represents the con�nua�on of our technical progress as we move from discovery toward engineering refinement, laying the groundwork for the eventual advancement of our process to larger-scale tes�ng.”

Problem: The Challenge of Sustainable Batery Recycling and Graphite Recovery

The global transi�on to electrifica�on is accelera�ng demand for lithium-ion bateries, which play a central role in reducing reliance on fossil fuels¹ and are projected to increase more than 6x by 2030, rising from approximately 700 GWh in 2022 to 4.7 TWh². This growth is driven primarily by the rapid adop�on of electric vehicles and large-scale energy storage systems². Government incen�ves, carbon-reduc�on targets, and the global phase-out of internal-combus�on-engine vehicles are further intensifying this growth.

Despite these advances, fewer than 5% of end-of-life lithium-ion bateries are currently recycled³. This has created an urgent need for more sustainable and efficient recycling technologies capable of recovering key materials from batery waste. Over the next two decades, electric vehicles and batery storage systems are projected to account for roughly half of the total mineral demand growth from clean energy technologies. By 2040, total mineral demand from these technologies is expected to increase severalfold, driven by surging demand for batery materials. Mineral demand from EVs and batery storage alone could rise by an order of magnitude or more, led by materials such as graphite, copper, nickel, and lithium, with lithium expected to see the fastest growth as demand increases more than 40x by 2040.⁴

Exis�ng recycling methods, including hydrometallurgy and pyrometallurgy, treat these materials differently and o�en result in significant material losses. In hydrometallurgical processes, leaching agents are used to extract metals such as cobalt, nickel, and lithium. However, graphite, being non-metallic, is typically degraded or discarded, making recovery both difficult and costly^5,6.

Hydrometallurgy can also alter metal oxides into ionic forms, requiring addi�onal reprocessing steps to restore them for reuse^6,7. Pyrometallurgical methods, on the other hand, rely on high-temperature smel�ng that burns off graphite completely and converts metal oxides into metallic forms that must later be re-oxidized^7-9. While these methods can recover certain metals such as cobalt and nickel, other valuable elements, including lithium and aluminum, are o�en lost to slag, limi�ng both efficiency and sustainability^7,8.

Solu�on: Advancing Eco-Friendly Froth Flota�on for Cri�cal-Material Recover

Batery X Metals, through its wholly owned subsidiary Batery X Recycling Technologies Inc., is developing an environmentally responsible recycling process that addresses these limita�ons. Its proprietary frothflota�on technology is designed to selec�vely recover essen�al batery materials—such as graphite, lithium, nickel, cobalt, manganese, and copper—from “black mass,” the residual material produced when end-of-life lithium-ion bateries are processed.

In collabora�on with a Global Top 20 University, the Company is refining and valida�ng this process for the efficient recovery and separa�on of graphite and metal oxides under low-temperature, low-chemical condi�ons. Early tes�ng has demonstrated that the approach can recover both graphite and oxides with high purity and efficiency, se�ng a founda�on for the con�nued development of sustainable recycling methods.

Unlike tradi�onal leaching or smel�ng processes, Batery X’s flota�on-based approach does not rely on harsh chemicals or high heat, allowing the recovered materials to retain their quality for reuse in new bateries. This innova�on supports the crea�on of a circular and resource-efficient supply chain for cri�cal batery materials, reducing environmental impact while strengthening North America’s domes�c clean energy ecosystem.

The Agreement provides for a thirteen (13)-month term (the “Term”) commencing on November 7, 2025, during which the Global Top 20 University will conduct the research program in collabora�on with Batery X Recycling Technologies. The total project value is CAD $224,560, inclusive of all direct and indirect costs, payable by Batery X Recycling Technologies to the Global Top 20 University in four scheduled instalments as follows: (i) CAD $60,000 upon entry into the Agreement (the “Ini�al Payment”); (ii) CAD $54,853.34 payable three (3) months a�er the Ini�al Payment; (iii) CAD $54,853.33 payable six (6) months a�er the Ini�al Payment; and (iv) CAD $54,853.33 payable nine (9) months a�er the Ini�al Payment. The Global Top 20 University will provide periodic progress updates throughout the Term and deliver a comprehensive final report within sixty (60) days following the project’s comple�on.

All intellectual property (“IP”) developed solely by Batery X Recycling Technologies will remain the property of the Company (“BATX IP”), while IP developed solely by the Global Top 20 University will remain the property of the Global Top 20 University (“University IP”). Any IP jointly developed under the project will be jointly owned by both par�es (“Joint IP”), with each retaining the right to independently use and commercialize the Joint IP, subject to the terms of the Agreement.

Batery X Recycling Technologies has been granted a non-exclusive, non-transferable, royalty-free license to use University IP for research, development, and commercializa�on purposes, and retains a �melimited exclusive op�on to nego�ate a sole, royalty-bearing license for the commercial use of any University IP or Joint IP arising from the collabora�on.

The Agreement also contains standard confiden�ality, indemnifica�on, publica�on-review, and termina�on provisions typical of academic-industry research collabora�ons, ensuring the protec�on of proprietary informa�on and alignment of both par�es’ commercial and research objec�ves.

1 EnergyX, 2 McKinsey & Company, 3 CAS, 4 IEA 5 MDPI (1), 6 MDPI (2), 7 MDPI (3), 8 MDPI (4), 9 MDPI (5)

About Battery X Metals Inc.

Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:5YW, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, 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]

Tel: (604) 741-0444

Disclaimer for Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securi�es laws. Forward-looking statements in this release relate to, among other things: the objec�ves, scope, and expected outcomes of the Collabora�ve Research Agreement with the Global Top 20 University; the total value, dura�on, and terms of the Collabora�ve Research Agreement; the research and development goals of the collabora�on, including improvements to graphite and oxide purity, phosphate recovery, and process op�miza�on; the poten�al applicability of the Company’s proprietary froth-flota�on process to lithium-iron-phosphate and other batery chemistries; the an�cipated genera�on of laboratory data to support future pilot-scale valida�on and commercial-readiness efforts; the poten�al for environmental, opera�onal, or commercial advantages of the Company’s technology compared to conven�onal recycling methods; the prospec�ve ability of the process to improve material recovery yields, purity levels, and sustainability; the ability of the Company and the Global Top 20 University to jointly develop or commercialize intellectual property arising from the collabora�on; the future demand for clean energy solu�ons such as lithium-ion bateries; and the Company’s broader strategic objec�ves to advance proprietary recycling and rebalancing technologies across the batery materials value chain. Forwardlooking statements are based on current expecta�ons, es�mates, and projec�ons that management believes to be reasonable as of the date of this news release. However, such statements are inherently subject to known and unknown risks, uncertain�es, 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 uncertain�es include, but are not limited to: the ability of the par�es to successfully execute the planned research and achieve the an�cipated results within the expected �meframe or budget; variability in laboratory results or technical performance; the feasibility of scaling the process to pilot or commercial levels; the successful genera�on, protec�on, and commercializa�on of intellectual property; the availability of funding or resources for con�nued research and development; market acceptance of emerging recycling technologies; changes in regulatory, environmental, or industry condi�ons; and general economic and geopoli�cal factors that may affect the Company’s opera�ons or partnerships. Forward-looking statements reflect management’s beliefs, assump�ons, and expecta�ons only as of the date hereof and are not guarantees of future performance. The Company undertakes no obliga�on to update or revise any forward-looking informa�on to reflect new informa�on, future events, or otherwise, except as required by applicable securi�es laws. Readers are cau�oned not to place undue reliance on forward-looking statements and are encouraged to consult the Company’s con�nuous disclosure filings available under its profile at www.sedarplus.ca for addi�onal risk factors and further informa�on.