Battery Mineral Resources Announces Receipt of Funds IN Connection with Closing of Previously Announced Royalty Financing
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BATTERY MINERAL RESOURCES ANNOUNCES RECEIPT OF FUNDS IN CONNECTION WITH
CLOSING OF PREVIOUSLY ANNOUNCED ROYALTY FINANCING
Vancouver, British Columbia – (December 5th, 2024) – Battery Mineral Resources Corp. (TSXV:
BMR) (OTCQB: BTRMF) ("Battery" or “BMR” or the "Company") is pleased to announce that the
Company has received a C$3,050,000 cash payment in connection with the closing of the
previously announced royalty sale to Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF) ,
whereby Minera BMR SpA, the Company’s wholly -owned Chilean subsidiary, has granted a
0.75% Gross Revenue Royalty on its producing Punitaqui copper mine in Chile (“Punitaqui”)
in exchange for total cash consideration of C$3, 500,000. The remaining C$450,000 is
payable to Minera BMR SpA within 45 days of closing. See press release dated November
25th, 2024 for complete details of the royalty transaction.
Martin Kostuik, Chief Executive Officer, stated, “BMR is very pleased and encouraged to work
with Electric Royalties and would like to thank both teams for bringing this very important and
favorable source of funding to fruition. We are looking forward to updating our stakeholders
as we progress towards full production at Punitaqui.”
About Battery Mineral Resources Corp.
Battery Mineral Resources’ mission is to build a mid -tier copper producer and has recently
initiated mine and mill operations at the Punitaqui Mining Complex, a historic copper -gold-
silver producer, in the Coquimbo region of Chile. The Company’s portfolio also consists of two
cobalt assets and one lithium asset located in North America and two graphite assets in South
Korea. The Company is focused on providing shareholders accretive exposure to 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].
For more information, please contact:
Martin Kostuik, CEO
Phone: +1 (604) 628-1110
Twitter: @BMRcorp_
Facebook: Battery Mineral Resources Corp. | Facebook
LinkedIn: Battery Mineral Resources Corp.: My Company | LinkedIn
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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, including without limitation statements relating to the closing of the Electric Transaction
statements regarding anticipated production timing and capacity and statements regarding
the anticipated use of proceeds 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 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 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. 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 develop ment and production schedule, government regulation and fluctuating
metal prices. Accordingly, readers should not place undue reliance on forward -looking
statements. BMR undertakes no obligation to update 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 factors discussed in BMR’s most recent Management Discussion and
Analysis filed on SEDAR+ at www.sedarplus.ca.