Battery Mineral Resources Announces Sale of Gowganda Claims to Nord Precious Metals
BATTERY MINERAL RESOURCES ANNOUNCES SALE OF GOWGANDA CLAIMS TO NORD
PRECIOUS METALS
Vancouver, British Columbia – (January 5, 202 6) – Battery Mineral Resources Corp. (TSXV:
BMR) (OTCQB: BTRMF) (“Battery” or “BMR” or the “Company”) is pleased to announce that it
has entered into a definitive agreement dated January 4, 2026 (the “Purchase Agreement”)
with Nord Precious Metals Mining Inc. (“ Nord”) to sell the Company’s 100% interest in the
Gowganda silver tailings project mining leases in Ontario, Canada (the “Transaction”).
Laz Nikeas, CEO of Battery, stated, “ We are pleased to enter into this T ransaction for our
shareholders, providing approximately $6.0 million of value along with a 3.0% NSR Royalty.
The Transaction allows us to realize on the value of the silver tailings and includes royalty
upside to provide ongoing exposure to the asset. Upon completion of this Transaction, we
will become a shareholder of Nord and will continue to support and encourage their efforts.”
Transaction Summary
Under the Purchase Agreement, Nord has agreed to buy the Company’s 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 on the closing date;
• $1,250,000 in Nord shares on the closing date at a deemed price equal to $0.284 per
share;
• 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 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. The closing of the Transaction is subject to certain closing
conditions, such as conditional approval of the TSXV. The Transaction is expected to be
completed in mid-January 2026.
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 B MR and its projects can be found
on www.bmrcorp.com.
For more information, please contact:
Lazaros Nikeas, CEO
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 proposed Transaction, the anticipated benefits of th e Transaction,
and the proposed closing date 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 th at 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 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 the Company’s
most recent Management Discussion and Analysis filed on SEDAR+.