Battery Mineral Resources Strengthens Board and Management with New Appointments
BATTERY MINERAL RESOURCES STRENGTHENS BOARD AND MANAGEMENT
WITH NEW APPOINTMENTS
Vancouver, British Columbia – (April 5, 2021) – Battery Mineral Resources Corp .
(TSXV: BMR) (" Battery" or the " Company") is pleased to announce that Martin
Kostuik has been appointed as the Company’s new Chief Executive Officer (“CEO”)
and as a Director of the Board. Mr. Laz Nikeas will continue to serve as Executive
Chairman of the Board.
Commenting on the new appointments, Laz Nikeas, Executive Chairman, said: “On
behalf of everyone at the Company, I would like to welcome Martin to the BMR team.
The Board conducted a comprehensive search for the CEO role, and we believe that
in Martin, we have found a CEO who combines extensive analytical and financial skills,
as well as managerial and strategic talents. Martin's proven track record in working
with developing mining companies will be invaluable as we continue to advance our
corporate strategy.”
Mr. Kostuik (B.Sc., MBA) is a mining engineer and senior executive with 28 years of
diversified experience in the mining industry. Mr. Kostuik joins the Company from
Arizona Gold Corporation where he served as President and Director of the Board for
the last four years. Mr. Kostuik established and executed the business, operating and
funding plan to determine the feasibility of placing the Copperstone mine into
production. On the heels of a n early successful marketing effort in North America
and Europe, was able to organize an equit y financing which helped launch the
company back into commercial activity and concluded with forming and executing a
plan to place the Copperstone Mine into production. He then formed relationships
with several project funding groups that culminated in a strategic partnership with a
major mining-centered capital funding group which is providing a key portion of the
project financing required for the re-start of the Copperstone mine.
Prior to that, Mr. Kostuik was with Luna Gold Corporation where he was Senior Vice
President of Operations and Development, responsible for operations, development,
capital projects, environmental, government and community relations. Helped to
reorganize existing financing and obtain new financing to maintain d ebt covenants
and protect solvency. In a staged manner, Mr. Kostuik safely brought the Aurizona
gold project from full operations to a care and maintenance status while positively
developing social and government relations, maximizing remaining revenue an d
minimizing costs. Maintained a core management team in Brazil, organized and
oversaw an $5MM exploration program and began expanding the team with key
senior personnel to prepare for the restart of the mine. Lead the execution of 43-
101 pre -feasibility and feasibility studies and formulated a re -start schedule and
budget which provided a roadmap for future investments and potential profitable gold
production.
Mr. Kostuik was also President, CEO and Director of Rupert Resources Limited, where
he focused on implementing exploration programs for existing assets and on
developing the company through evaluations of investment opportunities for near
term corporate growth.
Prior to his executive roles, Mr. Kostuik built a broad base of experience in operations,
engineering, exploration and capital projects with various companies including
Barrick Gold Corporation, Taseko Mines Limited, DMC Mining Services and The Rogers
Group.
Mr. Kostuik stated: "The team at BMR has done a tremendous job in assembling a
large base with quality, undervalued battery metals projects in mining friendly
jurisdictions within North America and South Korea. I am delighted to be joining the
BMR team and am excited about th e opportunity to lead BMR by continuing to
advance our corporate strategy by realizing the value of our current projects for our
shareholders while bolstering our platform with additional accretive investments in
this exciting and growing space."
About Battery Mineral Resources Corp.
Battery is a Canadian-based, multi-commodity resource company. Battery is engaged
in the discovery, acquisition , and development of battery metals (cobalt, nickel &
copper) and precious metals (silver & gold) mining projects in Canada, with additional
cobalt, lithium and graphite projects in the United States and South Korea. Battery
is the largest mineral claim holder in the historic Gowganda Cobalt -Silver Camp,
Canada, with various high-grade primary cobalt silver-nickel-copper targets located
in the Cobalt Belt of Ontario and Quebec. In addition, Battery owns approximately
89.2% of ESI Energy Services, Inc., a pipeline equipment rental and sales company
with operations in Leduc, Alberta and Phoenix, Arizona. Finally, Battery is currently
pursuing a concurrent financing and acquisition to acquire the Punitaqui Mining
Complex, a copper-gold mine located in the Coquimbo region of Chile.
For further information, please contact:
Battery Mineral Resources Corp.
Laz Nikeas
Phone: +1 (604) 229 3830
Email: [email protected]
Forward Looking Statements
This news release includes certain “forward -looking statements” under applicable
Canadian securities legislation, including statemen ts related to the completion of
Punitaqui Acquisition, the acquisition of the Xiana Indebtedness or the Offering, the
use of the proceeds of the Offering, the potential benefits of such transactions and
the likelihood of developing the Punitaqui Mine Complex into a sustainable mid-sized
copper producer. Actual future results may differ materially. 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 s uch 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
limitation, the ability of the Company to obtain sufficient financing to complete the
Punitaqui Acquisition, obtaining all required regulatory approvals necessary to
complete the Punitaqui Acquisition and the acquisition of Xiana Indebtedness,
risks related to share price and market conditions, the inherent risks involved in the
mining, exploration and development of mineral properties , 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.