AC/DC Battery Metals Closes $2,000,000 Private Placement and Announces Commencement of Trading on the TSX-V

Coquitlam, July 3, 2024 – AC/DC Battery Metals Inc. (the “Company” or “AC/DC”) (TSXV: ACDC) announces that further to its news releases dated June 17 and June 24, 2024, the Company has closed a non-brokered private placement financing offering of 40,000,000 units (“Units”) at a price of CAD$0.05 per Unit for gross proceeds of CAD$2,000,000.

Each Unit is comprised of one common share and one share purchase warrant (“Warrant”). Each Warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of CAD$0.06 per share for a period of five years from closing, subject to TSX Venture Exchange (“Exchange”) approval.

AC/DC Shares will commence trading on the Exchange under the symbol "TSXV: ACDC" at the opening of market on July 8, 2024. The Company has also launched its website at www.acdcbatterymetals.com. We are excited about our new website and the information it provides to our shareholders with respect to the Company’s business. The Company’s Facebook, LinkedIn and Twitter accounts are also available.

Tim Fernback, Company President & CEO states “This is an exciting time for the Company…. a successfully completed significant financing in a challenging junior capital market and a new public listing of its shares. We set out on this journey many months ago, and fulfilled a commitment to our Grid Battery Metals shareholders to offer a valuable share dividend as we spun out the AC/DC subsidiary. We are looking forward to creating more shareholder value and to the future success of AC/DC on the TSXV.”

The Company also paid finder fees in the amount of $25,500 cash, 2,471,000 shares and 510,000 warrants in connection with the private placement. The finder fees are subject to Exchange approval.

All securities issued in connection with the private placement are subject to a four-month and a day hold period expiring on November 4, 2024, in accordance with applicable Canadian Securities Laws.

The proceeds of the Private Placement will be used for exploration and development and for general working capital purposes.

Insiders of the Company purchased a total of 3,000,000 units under the Private Placement, which is considered a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(a), respectively, of MI 61-101 in respect of such insider participation. No new insiders and no control persons were created in connection with the private placement.


Issuance of Stock Options

AC/DC announces that further to its news release dated June 24, 2024, it has granted stock options to its directors, officers, and consultants to purchase an aggregate of 5,180,000 common shares in the capital of the Company. The stock options are exercisable for a term of five years at an exercise price of $0.05 per share. All stock options are granted in accordance with the terms of the Company’s Stock Option Plan and the policies of the TSX Venture Exchange and are subject to a four month and a day hold period expiring on November 4, 2024.


About AC/DC Battery Metals Inc.

Nickel Project, British Columbia
The Mount Sidney Williams Group consists of three claim blocks with a total area of 10,569 hectares in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt, and chromium. At least some of the nickel mineralization occurs as awaruite. The Mitchell Range Group area claim consists of one claim block covering 8,659 hectares with demonstrated metallic mineralization including nickel, cobalt, and chromium. Nickel cobalt mineralization has not been well explored, but the presence of awaruite has been documented. The Company owns a 100% interest in the Nickel Project.


On Behalf of the Board of Directors

“Tim Fernback”
Tim Fernback, President & CEO



Contact Information:

AC/DC Battery Metals Inc.
Email: info@acdcbatterymetals.com
Phone: 604-336-8026



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.