Battery Mineral Resources Announces Closing of Sale of Gowganda Claims to Nord Precious Metals
BATTERY MINERAL RESOURCES ANNOUNCES CLOSING OF SALE OF GOWGANDA CLAIMS TO
NORD PRECIOUS METALS
Vancouver, British Columbia – (March 31, 2026) – Battery Mineral Resources Corp. (TSXV:
BMR) (OTCQB: BTRMF) (“Battery” or “BMR” or the “Company”) is pleased to announce that it
has closed its previously announced sale (the “Transaction”) of the Company’s 100% indirect
interest in four mining leases within the historic Gowganda mining camp of Northern Ontario
including the silver tailings project to Nord Precious Metals Mining Inc. (“Nord”).
Transaction Summary
The Transaction was completed by way of amended and restated definitive agreement dated
March 31, 2026 (the “Definitive Agreement”). Nord has acquired from Battery’s wholly owned
subsidiary, North American Cobalt Inc., four mining leases (LEA -109391 – LEA109394)
comprising the Gowganda silver tailings project on an “ as-is where-is” basis for the following
consideration:
• $1,000,000 cash;
• 4,401,408 Nord shares at a deemed price equal to $0.284 per share for aggregate
consideration of $1,250,000;
• a 3.0% net smelter returns royalty on the Gowganda silver tailings project; and
• deferred consideration of $1, 250,000 on each of the first, second and third
anniversaries of the closing date of the Transaction (the “Deferred Consideration”) for
aggregate Deferred Consideration of $3,750,000.
At the election of Nord, up to 50% of each Deferred Consideration may be satisfied in Nord
common shares, up to an aggregate maximum of 10,938,610 common shares, at a deemed
price per share equal to the greater of: (i) the 25 -day volume-weighted average trading price
per Nord common share on the TSX Venture Exchange (the “TSXV”) ending on the last trading
day preceding the applicable payment date, and (ii) the minimum price permitted by the TSXV.
The Nord common shares to be received by the Company will be subject to a statutory hold
period of four months and one day from the date of issuance.
The Transaction is an arms-length transaction for the Company, and no finder fees are payable
in connection with the Transaction. Completion of the transaction remains subject to receipt
of final approval of the TSXV.
About Battery Mineral Resources Corp.
Battery is operating the Punitaqui Mining Complex, a historic copper, gold, and silver
producing mine in the Coquimbo region of Chile. The Company’s portfolio also includes 100%-
owned ESI Energy Services Inc. and North American mineral exploration assets. The Company
is focused on providing shareholders with accretive exposure to copper and the global trend
of electrification while targeting growth through cash flow, exploration and acquisitions in
favorable mining jurisdictions. Further information about BMR and its projects can be found
on www.bmrcorp.com.
For more information, please contact:
Lazaros Nikeas, CEO
+1 672 887-5010
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies
of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
Forward Looking Statements
This news release includes certain “forward -looking statements” under applicable securities
laws. Forward -looking statements in this news release include, but are not limited to,
statements regarding the Deferred Consideration and the anticipated benefits of the
Transaction. There can be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those anticipated in such
statements. Forward-looking statements refle ct the beliefs, opinions a nd projections of the
Company on the date the statements are made and are based upon a number of assumptions
and estimates that, while considered reasonable by the Company, are inherently subject to
significant business, economic, competitive, political an d social uncertainties and
contingencies. Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the results, performance or
achievements that are or may be expressed or implied by such forward-looking statements,
and the parties have made assumptions and estimates based on or related to many of these
factors. Accordingly, readers should not place undue reliance on forward-looking statements.
The Company undertakes no obligation to updat e publicly or otherwise revise any forward -
looking statements contained herein, whether as a result of new information or future events
or otherwise, except as may be required by law. For further information regarding the risks
please refer to the risk fac tors discussed in the Company’s most recent Management
Discussion and Analysis filed on SEDAR+.