Battery Mineral Resources Corp. Announces Proposed Shares for Debt Transaction
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES
Battery Mineral Resources Corp. Announces Proposed Shares for Debt Transaction
Vancouver, British Columbia – (January 16, 2026) – Battery Mineral Resources Corp. (TSXV:
BMR) (OTCQB: BTRMF) (“Battery” or “BMR” or the “Company”) is pleased to announce that it
has reached an agreement to settle US D$1,556,234 in outstanding debt (the “Settlement
Amount”) through the issuance of an aggregate of 10,654,752 common shares of the
Company (" Common Shares ") at a price of CAD$0.20 per Common Share (the “ Debt
Settlement”).
The Settlement Amount represents obligations owed to certain arm's length creditors (the
“Creditors”) under unsecured convertible debentures of the Company (the “ Debentures”),
which were originally issued pursuant to a private placement between October 2023 and
October 2024 (the " Original Offering "). The Company previously settled approximately
USD$23 million of debt owing to other creditors under Debentures issued as part of the
Original Offering through the issuance of 159,153,035 Common Shares on the same terms
(see the Company's news release dated December 10, 2025 ). Following the completion of
this latest Debt Settlement, the Company will have converted approximately 99% of the total
outstanding debt under all Debentures issued as part of the Original Offering.
The Company’s board of directors and management believe that completing the Debt
Settlement is in the best interests of the Company as it will allow the Company to preserve its
cash resources for ongoing operations and strategic initiatives.
Completion of the Debt Settlement remain s subject to receipt of all necessary regulatory
approvals, including acceptance by the TSX Venture Exchange. All securities issued in
connection with the Debt Settlement will be subject to a four-month hold period from the date
of issuance in accordance with applicable Canadian securities laws, in addition to such other
restrictions as may apply under applicable securities laws of jurisdictions outside Canada.
The foregoing securities being offered have not been and will not be registered under the U.S.
Securities Act and may not be offered or sold in the United States, or to, or for the account or
benefit of, U.S. persons or persons in the United States, absent registration or an applicable
exemption from the registration requirements. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any
state in which such offer, solicitation or sale would be unlawful.
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About Battery Mineral Resources Corp.
Battery Mineral Resources operates 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 BMR and its
projects can be found on www.bmrcorp.com.
For more information, please contact:
Lazaros Nikeas, CEO
Phone: +1 (604) 628-1110
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 terms of the Debt Settlement, the anticipated benefits of the Debt
Settlement, and the Company obtaining regulatory approvals, including acceptance by the TSX
Venture Exchange. 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. 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+.