Battery Mineral Resources Corp. Announces an Update on Community and Social Initiatives at the Punitaqui Project in Chile and Grant of PSU
Battery Mineral Resources Corp. Announces an Update on Community and
Social Initiatives at the Punitaqui Project in Chile and Grant of PSU
Vancouver, British Columbia – (April 3, 2023) – Battery Mineral Resources Corp.
(TSXV: BMR) (OTCQB: BTRMF) (“Battery” or “BMR” or the “Company”) is pleased
to provide an update on our ESG initiatives. As previously reported, BMR has been
working closely with Integratio Mediação Social e Sustentabilidade (“ Integratio”),
and have recently completed a policy, strategy and implementation guide for current
and future social and community engagement and reporting. This policy is the
foundation for positive, proactive, and mutually beneficial engagement and
partnership with our local communities and includes a social management manual, a
community relations and communication plan and implementation guide, a donation
and sponsorship guide, a social management manual and a guide for the preparation
of annual sustainability reports that the company plans to make public in both English
and Spanish. Integratio is a socio-environmental management, strategic relationship,
and stakeholder engagement consultant group operating for over 17 years and based
in Belo Horizonte, Brazil.
Granting of Performance Share Units
BMR is also announcing the granting of a total of 2,330,000 Performance Share Units
(“PSUs”) to 13 management personnel, officers, and directors of the Company. The
vesting for the PSUs shall be determined by the Company’s stock close price. The
PSUs will be fully vested on any single day that the Company’s closing stock price
reaches or exceeds CAD $0.50, within the performance cycle, which commenced on
March 30, 2023, and will end on March 30, 2026. Upon vesting, the persons who
received the PSUs will be entitled to receive any of the followin g as determined by
the Company in its sole discretion: (a) the number of common shares of the Company
equal to the number of vested PSUs, (b) a cash amount equal to the number of vested
PSUs multiplied by the closing price of the common shares of the Compa ny on the
business day immediately prior to the date the PSU s become vested; or (c) a
combination of (a) and (b).
Battery CEO Martin Kostuik states: “The allocation of incentive shares is in alignment
of BMR’s mission to maintain and enhance our positive and productive relationship
with shareholders while accordingly incentivising our management and board who
are unilaterally working towards positioning BMR into cash flowing via the resumption
of operations at our Punitaqui copper mine in Chile.”
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“In addition, we are proud to update our investors regarding our achievements to
develop productive, ethical, and transparent relationships with our surrounding
communities. It is our duty to our shareholders , employees, and communities to
promote sustainable growth supported by safe , and socially responsible business
practices while developing long -term resources. We look forward to progressing
advancement of our relationships with the people of the communities of Potrerillos
and Punitaqui as we continue working diligently to restart our Punitaqui copper mine
in the coming months of 2023.”
About Battery Mineral Resources Corp.
Battery Mineral Resources is a battery mineral s company providing shareholders
exposure to the global mega -trend of electrification while being focused on growth
through cash-flow, exploration, and acquisitions in favourable mining jurisdictions.
Battery Mineral’s mission is the discovery, acquisition, and deve lopment of battery
metals (namely cobalt, lithium, graphite, and copper), in North America, South
America and South Korea, to become a premier and responsible supplier of battery
minerals to the electrification marketplace. BMR is currently pursuing a near -term
resumption of operations of the Punitaqui Mining Complex, a past copper -gold
producer, in the Coquimbo region of Chile. BMR is the largest mineral claim holder in
the historic Gowganda Cobalt -Silver Camp in Ontario, Canada, and continues to
pursue a focused program to build on the recently announced, +1 -million-pound
high-grade cobalt resource at McAra. In addition, Battery Mineral owns 100% of ESI
Energy Services, Inc. (including ESI’s wholly owned USA operating subsidiary,
Ozzie’s, Inc.), a profitable mainline pipeline and renewable energy equipment rental
and sales company with operations in Alberta, Canada and Arizona, USA. Battery
Mineral Resources is based in Canada and its shares are listed on the Toronto Venture
Exchange under the symbol “BMR” and on the OTCQB under the symbol “BTRMF”.
Further information about BMR and its projects can be found on www.bmrcorp.com.
For more information, please contact:
Martin Kostuik, CEO
Phone: +1 (604) 229 3830
Corporate Communications
IBN (InvestorBrandNetwork)
www.investorbrandnetwork.com/
310.299.1717 Office
Twitter: @BMRcorp_
www.bmrcorp.com
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.
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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
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 limit ation, 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 prope rties, 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 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.