Battery Mineral Resources Announces Receipt of Funds in Connection with Closing of Previously Announced Royalty Financing
Battery Mineral Resources (TSXV: BMR) (OTCQB: BTRMF) has received a C$3,050,000 cash payment as part of a royalty financing agreement with Electric Royalties. The deal involves granting a 0.75% Gross Revenue Royalty on BMR's producing Punitaqui copper mine in Chile for total cash consideration of C$3,500,000. The remaining C$450,000 will be paid within 45 days of closing to Minera BMR SpA, the company's Chilean subsidiary. The funding will support progress towards full production at the Punitaqui mine.
Battery Mineral Resources (TSXV: BMR) (OTCQB: BTRMF) ha ricevuto un pagamento in contante di C$3.050.000 come parte di un accordo di finanziamento royalty con Electric Royalties. L'accordo prevede l'assegnazione di una royalty sul fatturato lordo dello 0,75% sulla miniera di rame Punitaqui di BMR in Cile, per un corrispettivo totale in contante di C$3.500.000. Il restante C$450.000 sarà pagato entro 45 giorni dalla chiusura a Minera BMR SpA, la filiale cilena dell'azienda. Il finanziamento supporterà i progressi verso la piena produzione della miniera di Punitaqui.
Battery Mineral Resources (TSXV: BMR) (OTCQB: BTRMF) ha recibido un pago en efectivo de C$3,050,000 como parte de un acuerdo de financiamiento de regalías con Electric Royalties. El acuerdo implica otorgar una regalía sobre ingresos brutos del 0.75% en la mina de cobre Punitaqui de BMR en Chile, por un monto total de C$3,500,000. El restante C$450,000 se pagará dentro de 45 días después del cierre a Minera BMR SpA, la filial chilena de la empresa. La financiación apoyará el progreso hacia la producción total en la mina de Punitaqui.
배터리 광물 자원(Battery Mineral Resources) (TSXV: BMR) (OTCQB: BTRMF)는 Electric Royalties와의 로열티 금융 계약의 일환으로 C$3,050,000 현금을 수령했습니다. 이 거래는 BMR의 칠레 푸니타키 구리 광산에서 0.75% 총 수익 로열티를 부여하는 것을 포함하며, 총 현금 대가는 C$3,500,000입니다. 나머지 C$450,000는 마감 후 45일 이내에 회사의 칠레 자회사인 Minera BMR SpA에 지급될 예정입니다. 이 자금은 푸니타키 광산의 전체 생산 진행을 지원할 것입니다.
Battery Mineral Resources (TSXV: BMR) (OTCQB: BTRMF) a reçu un paiement en espèces de C$3,050,000 dans le cadre d'un accord de financement de redevances avec Electric Royalties. L'accord implique l'octroi d'une redevance brute sur les revenus de 0,75% sur la mine de cuivre Punitaqui de BMR au Chili, pour un montant total de C$3,500,000. Le reste de C$450,000 sera versé dans les 45 jours suivant la clôture à Minera BMR SpA, la filiale chilienne de l'entreprise. Ce financement soutiendra les progrès vers la pleine production de la mine de Punitaqui.
Battery Mineral Resources (TSXV: BMR) (OTCQB: BTRMF) hat eine Bargeldzahlung von C$3.050.000 im Rahmen einer Lizenzfinanzierungsvereinbarung mit Electric Royalties erhalten. Der Vertrag sieht die Gewährung einer 0,75% Bruttoeinnahme-Lizenz für die Kupfermine Punitaqui von BMR in Chile vor, für eine Gesamtzahlung von C$3.500.000. Die verbleibenden C$450.000 werden innerhalb von 45 Tagen nach Abschluss an Minera BMR SpA, die chilenische Tochtergesellschaft des Unternehmens, gezahlt. Die Finanzierung soll den Fortschritt zur Vollproduktion in der Punitaqui-Mine unterstützen.
- Secured C$3.05 million immediate cash injection through royalty financing
- Additional C$450,000 to be received within 45 days
- Progress towards full production at Punitaqui copper mine
- Dilution of future revenue stream through 0.75% royalty obligation on Punitaqui mine
Vancouver, British Columbia--(Newsfile Corp. - December 5, 2024) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that the Company has received a C
Martin Kostuik, Chief Executive Officer, stated, "BMR is very pleased and encouraged to work with Electric Royalties and would like to thank both teams for bringing this very important and favorable source of funding to fruition. We are looking forward to updating our stakeholders as we progress towards full production at Punitaqui."
About Battery Mineral Resources Corp.
Battery Mineral Resources' mission is to build a mid-tier copper producer and has recently initiated mine and mill operations at the Punitaqui Mining Complex, a historic copper-gold-silver producer, in the Coquimbo region of Chile. The Company's portfolio also consists of two cobalt assets and one lithium asset located in North America and two graphite assets in 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 about Battery Minerals, please visit our website at, https://bmrcorp.com or email us at info@bmrcorp.com.
For more information, please contact:
Martin Kostuik, CEO
Phone: +1 (604) 628-1110
Twitter: @BMRcorp_
Facebook: Battery Mineral Resources Corp. | Facebook
LinkedIn: Battery Mineral Resources Corp.: My Company | LinkedIn
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, including without limitation statements relating to the closing of the Electric Transaction statements regarding anticipated production timing and capacity and statements regarding the anticipated use of proceeds of the Transaction. 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. Such factors include, without limitation, the ability of the Company to obtain sufficient financing to complete exploration and development activities, 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 and production schedule, government regulation and fluctuating metal prices. Accordingly, readers should not place undue reliance on forward-looking statements. BMR 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 BMR's most recent Management Discussion and Analysis filed on SEDAR+ at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232696
FAQ
How much did Battery Mineral Resources (BTRMF) receive in royalty financing?
What percentage royalty did Battery Mineral Resources (BTRMF) grant on the Punitaqui mine?
Which company purchased the royalty from Battery Mineral Resources (BTRMF)?
