Battery Mineral Resources Announces Receipt of Second Payment and Closing of Previously Announced Royalty Financing with Electric Royalties
{02149511.2}
BATTERY MINERAL RESOURCES ANNOUNCES RECEIPT OF SECOND PAYMENT AND CLOSING
OF PREVIOUSLY ANNOUNCED ROYALTY FINANCING WITH ELECTRIC ROYALTIES
Vancouver, British Columbia – (January 20th, 2025) – Battery Mineral Resources Corp. (TSXV:
BMR) (OTCQB: BTRMF) ("Battery" or “BMR” or the "Company") is pleased to announce that the
Company has received the final C$450,000 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. 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 closing this very important and
favorable source of funding. We look forward to updating our stakeholders as we begin 2025
as our first full year of mine and mill production at Punitaqui in Chile. Our strong team,
excellent assets, supportive shareholders , very well defined resource base and a favorable
outlook for the copper markets all contribute to an excellent outlook for 2025 and beyond.”
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
- 2 -
{02149511.2}
1381-9958-8110, v. 1
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 securities
laws, including without limitation 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 su bject 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, performa nce 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 C ompany 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.