Battery Mineral Resources Announces First Shipments of Copper Concentrates to Anglo-American Plc FOR Smelting
BATTERY MINERAL RESOURCES ANNOUNCES FIRST SHIPMENTS OF COPPER
CONCENTRATES TO ANGLO-AMERICAN PLC FOR SMELTING
Vancouver, British Columbia – (July 15, 2024) – Battery Mineral Resources Corp. (TSXV: BMR)
(OTCQB: BTRMF ) (“ Battery” or “BMR” or the “ Company”) is pleased to announce first
shipments of copper concentrates related to the Offtake Agreement (or the “Agreement”) with
Anglo American Sur. S.A. (“Anglo” or “Anglo American”) a division of Anglo-American PLC.
The Company has supplied 503.74 dry metric tonnes (“DMT”) of copper concentrates to
Anglo’s Chagres smelter in Catemu, Chile. The copper concentrates were produced from
copper smelting by-products (slags) supplied to BMR by Anglo. The copper concentrates were
produced at BMR’s Punitaqui copper flotation plant and contained 25.98 percent copper, for
approximately 288,500 pounds of copper in concentrate.
The Company will continue to increase production results with a goal of producing
approximately 1,400 DMT per month in the near term and reaching up to 2,800 DMT of
copper concentrate production per month by year-end.
Martin Kostuik, C hief Executive Officer, stated, " This initial copper concentrate shipment
marks a significant stride towards positive cash flow, in line with Battery's goal of building a
mid-tier copper producer. As we generate cash flow from copper sales, including leveraging
thirty-party sources of mill feed such as those from Anglo, we will also continue to ramp up
mine-sourced mill feed from our Cinabrio, San Andres, and Dalmacia mines to achieve full
production."
The Company recently initiated copper concentrate production on May 13th, 2024 after the
successful commissioning of the recently refurbished and upgraded mineral processing
facility at Punitaqui. Mining activities to establish access to the mineralized zones in both
Cinabrio and San Andres continue to ramp up and provide and increasing amount of
stockpiles containing fresh mill feed. Cinabrio is the original mine that supplied feed for the
first 10 years of prior operations, primarily operated by Glencore plc.
About Battery Mineral Resources Corp.
Battery Mineral Resources’ mission is to build a mid -tier copper producer and it has recently
initiated mine and mill operations at the Punitaqui Mining Complex, a historic copper -gold-
silver producer, in the Coquimbo region of Chile. Battery Mineral Resources is unique because
it leverages the inherent value from its 100% owned subsidiary, ESI Energy Services Inc., a
renewable energy equipment ren tal and sales company. The Company’s portfolio also
consists of two cobalt assets and one graphite asset located in North America, South America
and South Korea. The Company is focused on providing shareholders accretive exposure to
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copper and the global mega -trend of electrification while being focused on growth through
cash-flow, exploration, and acquisitions in favorable mining jurisdictions.
For more information about Battery Minerals, please visit our website at
https://bmrcorp.com/, or email us at [email protected].
Martin Kostuik, CEO
Twitter: @BMRcorp_
Facebook: Battery Mineral Resources Corp. | Facebook
LinkedIn: Battery Mineral Resources Corp.: My Company | LinkedIn
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 Canadian
securities legislation. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from th ose anticipated
in such statements. Forward-looking statements reflect the beliefs, opinions and 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 and social uncertainties and
contingencies. Many factors, both known and unknown, could cause actual results,
performance, or achievements to be materially differen t 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. Such factors include, without limitation, the ability of the Company to obtain sufficient
financing to complete exploration and development activities, risks related to share price and
market conditions, the inherent risks involved in the mining, exploration and development of
mineral properties, the ability of the Company to meet its anticipated development schedule,
government regulation and fluctuating metal prices. Accordingly, readers should not place
undue reliance on forward -looking statements. Battery undertakes no obligation to upda te
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.