Mr. Massimo Bellini Bressi reports

BATTERY X METALS APPOINTS LITHIUM-ION BATTERY AND ELECTRIC VEHICLE ENTREPRENEUR WILLIAM FAN AS PRESIDENT TO ADVANCE DEVELOPMENT OF ITS PATENT-PENDING LITHIUM-ION BATTERY REBALANCING TECHNOLOGY PLATFORM AND CORPORATE GROWTH INITIATIVES

Battery X Metals Inc. has appointed William Fan as president of the company, effective Aug. 13, 2026.

News release highlights:

• Battery X Metals appoints electric vehicle and lithium-ion battery entrepreneur William Fan as president to advance its patent-pending lithium-ion battery rebalancing technology development, expand strategic industry relationships, advance corporate development initiatives, including evaluating complementary opportunities within the broader battery ecosystem, and support the company's capital markets initiatives.
• Mr. Fan previously led a bid to acquire the intellectual property and operating assets of ElectraMeccanica Vehicles Corp., a Nasdaq Stock Market-listed electric vehicle manufacturer at the time, and brings experience spanning the electric vehicle, lithium-ion battery, energy storage, corporate development and capital markets sectors, complemented by manufacturing training at automotive production facilities in North America, Europe and South Korea.
• Mr. Fan brings experience across lithium-ion battery recycling, reverse logistics, battery supply chain and energy storage initiatives. He was an early start-up member of the Volta Foundation, was selected as a member of Canada's 2022 delegation to the G20 Young Entrepreneurs' Alliance Summit, has participated in international sustainability initiatives, including the United Nations Climate Change Conference (COP28), and has been invited to speak at TEDx on sustainable transportation.

The appointment of Mr. Fan reflects Battery X Metals' continued evolution as the company advances its technology development, strategic partnerships, corporate development and broader capital markets initiatives. The appointment follows continued progress across the company's battery technology initiatives, including technology development, real-world electric vehicle performance trials, the expansion of vehicle platform compatibility and continuing engagement with industry participants. Mr. Fan brings experience across the electric vehicle, lithium-ion battery, energy storage, corporate development and capital markets sectors to his role as president and the company's continuing technology and corporate development initiatives.

As president, Mr. Fan is expected to lead the execution of Battery X Metals' technology and corporate development strategy, with a focus on advancing the company's patent-pending lithium-ion battery rebalancing technology, an integrated hardware and software platform, expanding strategic partnerships throughout the electric vehicle and battery industries, pursuing corporate development initiatives, including evaluating opportunities within the broader battery ecosystem that are complementary to the company's existing battery technology initiatives, strengthening investor engagement and supporting the company's long-term capital markets objectives. Mr. Fan brings experience across electric vehicles, lithium-ion batteries, energy storage, strategic partnerships, corporate development and public markets to these responsibilities.

Pioneer in the lithium-ion battery and electric vehicle industry

Mr. Fan is an entrepreneur with extensive experience spanning the electric vehicle, lithium-ion battery recycling, reverse logistics, battery supply chain, energy storage, corporate development and capital markets sectors. Throughout his career, he has focused on advancing technologies, strategic partnerships and business models that support the global transition toward sustainable electrification and the circular battery economy.

Mr. Fan's experience in the electric vehicle sector includes involvement with Solo Automotive Inc., a Canadian electric vehicle manufacturer with production operations in Europe. In 2023, he led a bid to acquire the intellectual property and operating assets of ElectraMeccanica Vehicles, a Nasdaq-listed electric vehicle manufacturer at the time. Through these and other industry activities, Mr. Fan has developed experience across vehicle manufacturing, battery technologies, corporate development and the broader electric vehicle industry.

Complementing his industry experience, Mr. Fan has received hands-on manufacturing training at automotive production facilities in North America and Europe as well as production plants operated by Kia and Hyundai in South Korea. This exposure has provided him with practical insight into global automotive manufacturing processes, production systems, quality control standards and operational best practices across several of the world's leading vehicle manufacturers.

Recognizing the long-term importance of battery life-cycle management well before it became a central focus of the electric vehicle industry, Mr. Fan entered the lithium-ion battery recycling sector in 2018. Through a strategic partnership with IT Asset Partners Inc., a leading global reverse logistics technology company, he helped develop channel distribution strategies, battery supply chain solutions and energy storage system initiatives serving Fortune 1000 organizations. His work focused on advancing innovative circular economy solutions designed to maximize the value of lithium-ion batteries through reuse, repurposing, recycling and sustainable resource recovery, providing him with broad experience across the battery value chain and a unique perspective on the rapidly evolving battery ecosystem.

In 2020, Mr. Fan was an early start-up member of the Volta Foundation, which has since grown into a global network of more than 100,000 battery professionals. The organization plays an important role within the global battery ecosystem by connecting stakeholders across the battery value chain, convening battery experts and leading engineers from around the world, and facilitating industry collaboration, knowledge exchange and engagement across the broader battery community. Mr. Fan's early involvement further expanded his exposure to the global battery industry and its network of professionals, innovators and industry stakeholders.

Complementing his operating and entrepreneurial experience, Mr. Fan also developed a foundation in corporate development and capital markets through his role as an associate at TriView Capital Ltd., a Canadian exempt market dealer. There, he worked with growth-oriented companies on corporate finance, capital formation, strategic transactions, and retail and institutional investor engagement, gaining practical experience in supporting emerging public companies in the execution of their corporate growth strategies.

Beyond his commercial and entrepreneurial accomplishments, Mr. Fan has remained actively engaged in entrepreneurship, sustainable transportation and the global energy transition. In 2022, he was selected as a member of Canada's delegation to the G20 Young Entrepreneurs' Alliance Summit in Hamburg, Germany. He has also participated in international sustainability initiatives, including the United Nations Climate Change Conference (COP28), and has been invited to speak at TEDx on sustainable transportation, sharing his perspectives on electric mobility, battery circularity and the future of sustainable energy systems.

Management commentary

"Battery X Metals has developed a technology platform focused on addressing battery cell imbalance and other challenges across the lithium-ion battery life cycle," said Mr. Fan, president of Battery X Metals. "The company continues to advance its lithium-ion battery rebalancing technology through ongoing development, real-world electric vehicle performance trials and the expansion of vehicle platform compatibility. I am pleased to join Battery X Metals at this stage of its development and look forward to working closely with Massimo, the board and the broader team to advance the company's technology initiatives, expand strategic industry relationships, strengthen its corporate development capabilities and support its broader capital markets objectives."

"William's appointment strengthens Battery X Metals' executive leadership as we continue to advance our technology development, strategic industry relationships, and broader corporate and capital markets initiatives," said Massimo Bellini Bressi, chief executive officer and director of Battery X Metals. "His experience across the electric vehicle, lithium-ion battery, energy storage, manufacturing, corporate development and capital markets sectors is aligned with the company's strategic priorities. I look forward to working alongside William as we continue the development of our lithium-ion battery rebalancing technology, expand our industry relationships and execute the company's strategic objectives."

Positioning Battery X Metals for its next phase of growth

Battery X Metals has established a diversified battery technology platform focused on addressing challenges throughout the lithium-ion battery life cycle. The company's battery technology initiatives include its lithium-ion battery diagnostics and rebalancing technology, designed to extend remaining useful battery lifespan, as well as proprietary battery recycling technologies under development.

As Battery X Metals continues the development and real-world performance trials of its rebalancing technology and advances its broader battery technology initiatives, the appointment of Mr. Fan strengthens the company's executive leadership with experience spanning the electric vehicle and lithium-ion battery industries, strategic partnerships, corporate development, and capital markets.

As president, Mr. Fan will work alongside Mr. Bellini Bressi, chief executive officer, with their respective roles bringing together operational and technical expertise with industry, corporate development and capital markets experience. Mr. Fan's responsibilities will include supporting the company's technology development initiatives, expanding strategic industry relationships, advancing corporate development activities, evaluating opportunities within the broader battery ecosystem that are complementary to the company's existing battery technology initiatives, strengthening investor engagement and supporting the company's broader capital markets objectives.

Together, Mr. Fan and Mr. Bellini Bressi will lead Battery X Metals' continuing technology development, strategic industry relationships and broader corporate initiatives as the company continues the development and advancement of its battery technologies.

About Battery X Metals Inc.

Battery X Metals is an energy transition resource exploration and technology company committed to advancing domestic battery and critical metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360-degree approach to the battery metals industry, the company focuses on exploration, extending the lifespan of lithium-ion batteries, and the recovery and recycling of battery materials. As global electric vehicle adoption continues to grow and demand for battery life-cycle solutions increases, the company is advancing its patent-pending lithium-ion battery rebalancing technology, which recovered approximately 99 per cent of capacity lost due to cell imbalance in a technology demonstration conducted in collaboration with the National Research Council of Canada (NRC), with the NRC validating the initial and final state of charge of the cells.

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