Battery Mineral Resources Announces Receipt of Second Payment and Closing of Previously Announced Royalty Financing with Electric Royalties
Battery Mineral Resources (BTRMF) has received the final C$450,000 payment, completing the previously announced royalty sale to Electric Royalties. The transaction involves granting a 0.75% Gross Revenue Royalty on the Punitaqui copper mine in Chile for total cash consideration of C$3,500,000.
The company's CEO, Martin Kostuik, expressed optimism about 2025 being their first full year of mine and mill production at Punitaqui. He highlighted the company's strong team, assets, supportive shareholders, well-defined resource base, and favorable copper market outlook as contributing factors to positive expectations for 2025 and beyond.
Battery Mineral Resources (BTRMF) ha ricevuto il pagamento finale di C$450.000, completando la vendita di royalty precedentemente annunciata a Electric Royalties. La transazione prevede la concessione di una royalty sul fatturato lordo dello 0,75% sulla miniera di rame di Punitaqui in Cile, per un corrispettivo totale di C$3.500.000.
Il CEO dell'azienda, Martin Kostuik, ha espresso ottimismo riguardo al 2025, che sarà il loro primo anno completo di produzione mineraria e di molino a Punitaqui. Ha sottolineato che il forte team dell'azienda, i suoi attivi, gli azionisti di supporto, una base di risorse ben definita e un favorevole outlook del mercato del rame sono fattori che contribuiscono alle aspettative positive per il 2025 e oltre.
Battery Mineral Resources (BTRMF) ha recibido el pago final de C$450,000, completando la venta de regalías previamente anunciada a Electric Royalties. La transacción implica conceder una regalía sobre los ingresos brutos del 0.75% en la mina de cobre Punitaqui en Chile, por un total de C$3,500,000.
El CEO de la compañía, Martin Kostuik, expresó optimismo respecto a que 2025 será su primer año completo de producción minera y de molino en Punitaqui. Destacó el sólido equipo de la empresa, sus activos, los accionistas de apoyo, una base de recursos bien definida y una perspectiva favorable del mercado del cobre como factores que contribuyen a las expectativas positivas para 2025 y más allá.
Battery Mineral Resources (BTRMF)는 C$450,000의 최종 지급을 받았으며, 이는 Electric Royalties에 대한 이전에 발표된 로열티 판매를 완료하는 것입니다. 이 거래는 칠레의 푸니타키 구리 광산에 대해 0.75% 총 수익 로열티를 부여하고 총 현금 대가로 C$3,500,000을 포함합니다.
회사의 CEO인 마틴 코스투익은 2025년이 푸니타키에서 첫 번째 전체 광산 및 밀 생산 연도가 될 것이라는 낙관적인 전망을 표현했습니다. 그는 회사의 강력한 팀, 자산, 지지하는 주주, 잘 정의된 자원 기반, 유리한 구리 시장 전망이 2025년 및 그 이후에 대한 긍정적인 기대에 기여하는 요소라고 강조했습니다.
Battery Mineral Resources (BTRMF) a reçu le dernier paiement de C$450.000, complétant ainsi la vente de redevances précédemment annoncée à Electric Royalties. La transaction implique l'octroi d'une redevance sur les revenus bruts de 0,75 % sur la mine de cuivre de Punitaqui au Chili, pour une contrepartie totale de C$3.500.000.
Le PDG de la société, Martin Kostuik, a exprimé son optimisme quant au fait que 2025 sera leur première année complète de production minière et de moulin à Punitaqui. Il a souligné que l'équipe solide de l'entreprise, ses actifs, ses actionnaires bienveillants, sa base de ressources bien définie et les perspectives favorables du marché du cuivre sont des facteurs contribuant à des attentes positives pour 2025 et au-delà.
Battery Mineral Resources (BTRMF) hat die letzte Zahlung von C$450.000 erhalten, wodurch der zuvor angekündigte Verkauf von Royalties an Electric Royalties abgeschlossen wurde. Die Transaktion beinhaltet die Gewährung einer Bruttoeinnahmen-Royalty von 0,75% auf die Kupfermine Punitaqui in Chile für eine Gesamtsumme von C$3.500.000.
Der CEO des Unternehmens, Martin Kostuik, äußerte Optimismus darüber, dass 2025 das erste vollständige Jahr für Bergbau- und Mühlenproduktion in Punitaqui sein wird. Er hob das starke Team des Unternehmens, die Vermögenswerte, die unterstützenden Aktionäre, die gut definierte Ressourcenbasis und die positive Marktentwicklung für Kupfer als Faktoren hervor, die zu den positiven Erwartungen für 2025 und darüber hinaus beitragen.
- Received final payment of C$450,000 completing C$3.5M royalty financing
- 2025 marks first full year of mine and mill production at Punitaqui
- Successfully secured non-dilutive funding through royalty sale
- Sold 0.75% of future gross revenue from Punitaqui mine operations
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that the Company has received the final 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 closing this very important and favorable source of funding. We look forward to updating our stakeholders as we begin 2025 as our first full year of mine and mill production at Punitaqui in Chile. Our strong team, excellent assets, supportive shareholders, very well defined resource base and a favorable outlook for the copper markets all contribute to an excellent outlook for 2025 and beyond."
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 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/237702
FAQ
How much did Battery Mineral Resources (BTRMF) receive in total from the royalty sale to Electric Royalties?
What percentage of gross revenue royalty did BTRMF grant on the Punitaqui mine?
When will BTRMF begin its first full year of production at the Punitaqui mine?
What was the final payment amount BTRMF received in the royalty transaction?
