Battery X Metals Submits Draft Registration for U.S. IPO

Battery X Metals Inc., based in Vancouver, has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC). This submission is part of a proposed initial public offering (IPO) of the company's common shares on a U.S. National Securities Exchange. As of now, the number of shares and the pricing details have not been finalized.

The IPO's completion is contingent upon the SEC's review process and prevailing market conditions. The press release was issued under Rule 135 of the Securities Act of 1933, clarifying that it is not a solicitation for any securities transaction.

Battery X Metals is known for its involvement in the energy transition resource exploration sector, focusing on lithium-ion battery recycling and exploration.