Battery Mineral Resources (TSX.V: BMR) (OTCQB: BTRMF) (“BMR”), a company providing shareholders exposure to the global megatrend of electrification while being focused on growth through cash flow, exploration and acquisitions in favorable mining jurisdictions, has closed the third and final tranche of a previously announced private placement of senior unsecured convertible debentures. The company raised gross proceeds of US$1,000,000 (C$1,349,300) from the third tranche, bringing the aggregate raised under the offering to US$4,285,000 (C$5,881,091). Battery Mineral Resources had raised gross proceeds of US$1,370,000 (C$1,871,557) from the first tranche of the offering, which closed on Oct. 19, 2023, and gross proceeds of US$1,915,000 (C$2,660,234) from the second tranche, which closed on Nov. 3, 2023. According to the announcement, the company intends to apply the proceeds from the debentures toward working capital and the restart of copper concentrate production at its Punitaqui copper project in Chile.
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About Battery Mineral Resources Corp.
Battery Mineral Resources is a battery minerals company providing shareholders exposure to the global megatrend of electrification while being focused on growth through cash flow, exploration and acquisitions in favorable mining jurisdictions. Battery Mineral’s mission is the discovery, acquisition and development of battery metals (namely cobalt, lithium, graphite and copper) in North America, South America and South Korea, and 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-silver 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 TSX Venture Exchange under the symbol BMR and on the OTCQB under the symbol BTRMF. Further information about BMR and its projects can be found at www.BMRCorp.com.
NOTE TO INVESTORS: The latest news and updates relating to BTRMF are available in the company’s newsroom at https://ibn.fm/BTRMF
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