UNITED STATES Battery Mineral Resources Corp. Announces Closing of Final Tranche of LIFE Private Placement Offering
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES
Battery Mineral Resources Corp. Announces Closing of Final Tranche of LIFE Private
Placement Offering
Vancouver, British Columbia – (May 29, 2026) – Battery Mineral Resources Corp. (TSXV: BMR)
(OTCQB: BTRMF) (“Battery” or “BMR” or the “ Company”) is pleased to announce that it has
closed the final tranche of its non-brokered private placement offering (the “Offering”), which
was originally announced on April 15, 2026. Under this final tranche, the Company issued
8,542,030 common shares of the Company (“ Shares”) at a price of $0.20 per Share for
aggregate gross proceeds of $1,708,406. The Company previously announced the closing of
the first tranche of the Offering on April 22, 2026, for aggregate gross proceeds of $451,647
and the closing of the second tranche on May 7, 2026 for aggregate gross proceeds of
$600,000. The Company has now raised aggregate gross proceeds of $ 2,760,053 through
the sale of an aggregate of 13,800,265 Shares under the Offering.
The Shares have been issued on a private placement basis pursuant to the Listed Issuer
Financing Exemption under Part 5A of National Instrument 45 -106 – Prospectus
Exemptions (“NI 45-106”), as amended and supplemented by Coordinated Blanket Order 45-
935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the
“LIFE Exemption”). Accordingly, the Shares issued in the Offering are not subject to resale
restrictions pursuant to applicable Canadian securities laws.
The Offering was also conducted in the United States by way of private placement pursuant
to the exemptions from the registration requirements provided for under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act ”), in accordance with all
applicable laws. The Shares offered and sold to persons in the United States are considered
restricted securities under the U.S. Securities Act.
The Company intends to use the net proceeds of the Offering to advance processing plant
operations and planned underground development at the Company’s Punitaqui Mining
Complex located in the Coquimbo region of Chile , and for general working capital purposes.
Details of the Company's intended use of proceeds from the Offering are more fully described
in the offering document dated April 15, 2026 that can be accessed under the Company’s
profile at www.sedarplus.ca.
In connection with the closing of the final tranche of the Offering, the Company paid an arm’s
length party finder’s fees in the amount of $78,024 in compliance with applicable securities
laws and TSX Venture Exchange (“TSXV”) policies.
The 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 absent registration or an applicable
exemption from the registration requirements. This press release shall not constitute an offer
1416-7765-3280, v. 2
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.
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 explor ation
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 infor mation about BMR and its
projects can be found on www.bmrcorp.com.
For more information, please contact:
Lazaros Nikeas, CEO
Phone: +1 (672) 887-5010
Email: [email protected]
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.
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. Forward -looking
statements relate to future events or future performance and reflect the exp ectations or
beliefs of management of the Company regarding future events. Generally, forward -looking
statements and information can be identified by the use of forward-looking terminology such
as “intends” or “anticipates”, or variations of such words and phrases or statements that
certain actions, events or results “may”, “could”, “should”, or “would” occur. This information
and these statements, referred to herein as "forward ‐looking statements", are not historical
facts, are made as of the date of this news release and include without limitation, statements
regarding discussions of future plans, estimates and forecasts and statements as to
management's expectations and intentions with respect to, among other things: the intended
use of any proceeds raise d under the Offering; the receipt of regulatory approvals for the
Offering, including that of the TSXV.
These forward ‐looking statements involve numerous risks and uncertainties, and actual
results might differ materially from results suggested in any forward -looking statements.
These risks and uncertainties include, among other things: the inability of the Company to
utilize the anticipated proceeds of the Offering as anticipated; risks related to global financial
markets, including the trading price of the Company's shares; the inability to obtain all
regulatory approvals for the Offering, including that of the TSXV.
In making the forward -looking statements in this news release, the Company has applied
several material assumptions, including without limitation: the Company will use the proceeds
of the Offering as currently anticipated.
1416-7765-3280, v. 2
Although management of the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in forward -looking statements
or forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers shou ld not place undue reliance on
forward-looking statements and forward -looking information. Readers are cautioned that
reliance on such information may not be appropriate for other purposes. The Company does
not undertake to update any forward -looking state ment, forward -looking information or
financial outlook that are incorporated by reference herein, except in accordance with
applicable securities laws. We seek safe harbor.