Battery Mineral Resources Corp. Announces Closing of the Second Drawdown of Credit Facility with Fiera Enhanced Private Debt Fund
Battery Mineral Resources Corp. Announces Closing of the Second Drawdown
of Credit Facility with Fiera Enhanced Private Debt Fund
Vancouver, British Columbia – (June 10, 2024) – Battery Mineral Resources Corp. ( TSXV:
BMR) (OTCQB: BTRMF) (“Battery” or “BMR” or the “Company”) is pleased to announce that its
wholly-owned subsidiary, ESI Energy Services Inc. (“ESI”), has completed its second and final
drawdown of C$3,000,000 under a Credit Agreement (the “ Credit Agreement ”) with Fiera
Enhanced Private Debt Fund (“ Fiera”). The terms of the Credit Agreement we re disclosed in
the Company press release dated, March 11th, 2024.
Max Satel, Battery’s C FO stated, “ We are pleased to have closed the second and final
drawdown of the financing with Fiera . Battery Minerals is continuing to ramp up copper
concentrate production and to further enhance operations at our Punitaqui Mining Complex,
which will advance us towards our mission of building a mid-tier copper producer."
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 rental and sales company. Battery Mineral Resources’ 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 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, please contact:
Martin Kostuik, CEO
Phone: +1 (604) 229 3830
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Neither the TSX Venture Exchange (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. 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 i nherently 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 resul ts, 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 intended use of the proceeds of the
draws under the Credit Agreement, 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 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 Battery’s most recent
Management Discussion and Analysis filed on SEDAR+.