Battery X Metals Inc. (TSE:BATX) has released an update.
Battery X Metals Inc. has successfully converted a $2.73 million debt owed by Premier Silver Corp. into an 11% stake in the company, through the acquisition of over 10 million shares. This strategic move capitalizes on Premier Silver’s ownership of the Mallay Mine in Peru, positioning Battery X Metals to benefit from the growing demand for silver in electric vehicle batteries and clean energy solutions. The deal aligns with Battery X Metals’ focus on mineral exploration and battery recycling technologies to support sustainable energy.
For further insights into TSE:BATX stock, check out TipRanks’ Stock Analysis page.
