Battery X Metals Inc. (BATX) announced it has confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission for a proposed initial public offering of common shares on a U.S. national securities exchange.
The Vancouver-based energy transition resource exploration and technology company has not yet determined the number of shares to be offered or the price range for the proposed offering. The initial public offering remains subject to completion of the SEC review process and market conditions.
Battery X Metals focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. The company also trades on the OTCQB market under ticker BATXF and on the Frankfurt Stock Exchange as 5YW0.
The announcement was made in accordance with Rule 135 under the Securities Act of 1933. The press release stated it does not constitute an offer to sell or solicitation of an offer to buy securities.
