Battery Mineral Resources Announces Third Shipment of Copper Concentrates Produced at Its Mineral Processing Facility at Punitaqui, Chile
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) announced its third shipment of copper concentrates from its Punitaqui facility in Chile. In August, the company supplied 1,198 dry metric tonnes (DMT) of copper concentrates, with 351 DMT delivered to Anglo's Chagres smelter and 847 DMT from Punitaqui mine operations sold to Ocean Partners Chile SpA. The concentrates contained a weighted average of 23.91% copper, totaling approximately 631,400 pounds of copper.
Since May, BMR has shipped 2,453 DMT, containing over 1,326,000 pounds of copper in concentrate. The company aims to reach 2,800 DMT of monthly production by year-end. Additionally, BMR entered a five-month agreement with Minera CEMIN to purchase 5,000 tonnes of sulphide copper mill feed monthly, enhancing production while Punitaqui mines ramp up.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ha annunciato la sua terza spedizione di concentrati di rame dalla sua struttura Punitaqui in Cile. Ad agosto, la società ha fornito 1.198 tonnellate metriche secche (DMT) di concentrati di rame, con 351 DMT consegnati alla fonderia Chagres di Anglo e 847 DMT dalle operazioni minerarie di Punitaqui venduti a Ocean Partners Chile SpA. I concentrati contenevano una media ponderata del 23,91% di rame, per un totale di circa 631.400 libbre di rame.
Da maggio, BMR ha spedito 2.453 DMT, contenenti oltre 1.326.000 libbre di rame in concentrato. L'azienda mira a raggiungere 2.800 DMT di produzione mensile entro la fine dell’anno. Inoltre, BMR ha stipulato un accordo di cinque mesi con Minera CEMIN per acquistare 5.000 tonnellate di materia prima di rame solfuro mensilmente, migliorando la produzione mentre le miniere di Punitaqui aumentano la loro capacità.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) anunció su tercer envío de concentrados de cobre desde su planta Punitaqui en Chile. En agosto, la compañía suministró 1,198 toneladas métricas secas (DMT) de concentrados de cobre, con 351 DMT entregados a la fundición Chagres de Anglo y 847 DMT de las operaciones mineras de Punitaqui vendidos a Ocean Partners Chile SpA. Los concentrados contenían un promedio ponderado del 23,91% de cobre, totalizando aproximadamente 631,400 libras de cobre.
Desde mayo, BMR ha enviado 2,453 DMT, que contienen más de 1,326,000 libras de cobre en concentrado. La empresa tiene como objetivo alcanzar 2,800 DMT de producción mensual para fin de año. Además, BMR firmó un acuerdo de cinco meses con Minera CEMIN para comprar 5,000 toneladas de alimentación para molino de cobre sulfuro al mes, mejorando la producción mientras se incrementan las operaciones de las minas de Punitaqui.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF)는 칠레 푸니타키 시설에서 구리 농축물의 세 번째 선적을 발표했습니다. 8월에 이 회사는 1,198건의 건조 중량 톤 (DMT)의 구리 농축물을 공급했으며, 그 중 351 DMT는 앵글로의 차그레스 제련소에 전달되고, 847 DMT는 푸니타키 광산 운영에서 오션 파트너스 칠레 SpA에 판매되었습니다. 농축물에는 23.91%의 구리가 가중 평균으로 포함되어 있으며, 이는 약 631,400파운드의 구리에 해당합니다.
5월 이후 BMR은 2,453 DMT를 선적했으며, 이에는 구리 농축물 1,326,000파운드 이상이 포함되어 있습니다. 이 회사는 연말까지 월 2,800 DMT의 생산 목표를 세우고 있습니다. 또한, BMR은 소금광석 구리 밀 공급 5,000톤을 매달 구매하는 5개월 계약을 Minera CEMIN과 체결하여 푸니타키 광산의 생산량을 증가시킬 계획입니다.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) a annoncé son troisième envoi de concentrés de cuivre de son installation de Punitaqui au Chili. En août, l'entreprise a fourni 1 198 tonnes métriques sèches (DMT) de concentrés de cuivre, dont 351 DMT ont été livrées à la fonderie Chagres d'Anglo et 847 DMT des opérations minières de Punitaqui vendues à Ocean Partners Chile SpA. Les concentrés contenaient une moyenne pondérée de 23,91 % de cuivre, totalisant environ 631 400 livres de cuivre.
Depuis mai, BMR a expédié 2 453 DMT, contenant plus de 1 326 000 livres de cuivre en concentré. L'entreprise vise à atteindre 2 800 DMT de production mensuelle d'ici la fin de l'année. De plus, BMR a conclu un accord de cinq mois avec Minera CEMIN pour acheter 5 000 tonnes de matière première de cuivre sulfure chaque mois, augmentant ainsi la production pendant que les mines de Punitaqui augmentent leur capacité.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) hat seine dritte Lieferung von Kupferkonzentrat aus seiner Anlage in Punitaqui, Chile, angekündigt. Im August lieferte das Unternehmen 1.198 trockene metrische Tonnen (DMT) Kupferkonzentrate, wobei 351 DMT an das Schmelzwerk Chagres von Anglo und 847 DMT aus den Bergbauaktivitäten in Punitaqui an Ocean Partners Chile SpA verkauft wurden. Die Konzentrate enthielten einen gewogenen Durchschnitt von 23,91% Kupfer, was ungefähr 631.400 Pfund Kupfer entspricht.
Seit Mai hat BMR 2.453 DMT verschifft, die mehr als 1.326.000 Pfund Kupferkonzentrat enthalten. Das Unternehmen hat sich zum Ziel gesetzt, bis Ende des Jahres eine monatliche Produktion von 2.800 DMT zu erreichen. Außerdem hat BMR einen Fünfmonatsvertrag mit Minera CEMIN abgeschlossen, um monatlich 5.000 Tonnen Kupfersulfid-Mahlgut zu kaufen, um die Produktion zu steigern, während die Minen von Punitaqui hochgefahren werden.
- Third shipment of copper concentrates completed, with 847 DMT sourced from Punitaqui mine operations
- Total of 2,453 DMT shipped since May, containing over 1,326,000 pounds of copper in concentrate
- Agreement with Minera CEMIN to purchase 5,000 tonnes of sulphide copper mill feed monthly for five months
- Goal to reach 2,800 DMT of copper concentrate production per month by year-end
- US$750,000 loan taken from Weston Energy II , accruing 8% interest annually
- Loan matures on December 5th, 2024, indicating short-term financial need
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2024) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce the third shipment of copper concentrates produced at its mineral processing facility at Punitaqui, Chile.
The Company supplied 1,198 dry metric tonnes ("DMT") of copper concentrates in the month of August. 351 DMT were delivered to Anglo's Chagres smelter in Catemu, Chile and are related to the Offtake Agreement (or the "Agreement") with Anglo American Sur S.A. ("Anglo" or "Anglo American"), a division of Anglo-American PLC. The copper concentrates were from copper smelting by-products (slags) supplied to BMR by Anglo. The balance, being 847 DMT, were produced from Battery's own Punitaqui mine operations and were sold to Ocean Partners Chile SpA and delivered to Terminal Portuario de Coquimbo (TPC) to be exported. TPC is a major export and import point in Chile, handling a significant amount of the copper concentrates produced within the country, and is located approximately 130 kilometers from the mine by paved road with year-round access.
All of the copper concentrates in the month of August were produced at BMR's Punitaqui copper flotation plant and contained a weighted average of 23.91 percent copper, for approximately 631,400 pounds of copper in concentrate.
Martin Kostuik, Chief Executive Officer, stated, "This third shipment of copper concentrate marks another significant milestone for Battery Minerals, with 847 DMT sourced from our own Punitaqui mine operations. We are progressing well on ramping up material sourced from the Punitaqui mines and continuing to find new opportunities for additional third-party mill feed. We look forward to persistently increasing value to stakeholders through growing cash flows from copper sales."
Since the May commissioning of the recently refurbished and upgraded mineral processing facility at Punitaqui, the Company has shipped 2,453 DMT, for a total of over 1,326,000 pounds of copper in concentrate, to date. The Company is progressing steadily to bolster production results with a goal of delivering approximately 1,400 DMT per month in the near term and reaching up to 2,800 DMT of copper concentrate production per month by year-end.
Mining activities are focussed on establishing access to the mineralized zones in both Cinabrio and San Andres. Activities continue to ramp up with both mines providing increasing amounts of stockpiles containing fresh mill feed. Cinabrio is the original mine that supplied mill feed for the first 10 years of prior operations, primarily operated by Glencore PLC.
Third Party Mineral Processing Agreement
The Company has engaged with Minera CEMIN-Pullalli SpA ("Minera CEMIN"), Minera CEMIN is a medium-sized mining company dedicated primarily to the extraction of oxide copper materials and production of copper and gold in Chile. Created in 1982, it has operations in Catemu, Pullally and Domeyko. Battery will purchase approximately 5,000 tonnes per month of sulphide copper mill feed from their Catemu processing plant, for a period of five months, as of the effective date of August 23rd, 2024. This mineral purchase agreement is strategic in the sense that it provides a ready outlet for Minera CEMIN's sulphide ore production while helping to fulfill the Company's goal of enhancing copper concentrate production and sales while the Punitaqui mines continue to ramp up to full production.
Further Disclosure
On August 16th, 2024 the Company announced that, on June 26, 2024, the Company was advanced a loan (the "Loan") in the amount of US
The Loan is subject to acceptance by the TSX Venture Exchange.
Exchange Rates
All USD amounts for which CAD equivalent amounts are given in this news release were calculated at CAD/USD exchange rate of 1.3715, the exchange rate published by the Bank of Canada on August 15, 2024.
MI 61-101 Matters
Weston II is a "related party" to BMR pursuant to pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Prior to giving effect to the transactions disclosed in this news release, Weston II and its affiliates own or control (directly or indirectly) 107,578,740 BMR Common Shares on an undiluted basis and 193,011,575 BMR Common Shares on a diluted basis assuming conversion of all outstanding debentures (representing approximately
The Loan constitutes a "related party transaction" for the purposes of MI 61-101. The Loan is exempt from the formal valuation requirements of MI 6-101 as BMR is not listed on a specified market that would require compliance with such formal valuation requirements (as set forth in Section 5.5(b) of MI 61-101). The Loan is further exempt from the minority shareholder approval requirements of MI 61-101 by virtue of the value of the Loan constituting less than
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. Battery Mineral Resources is unique because it leverages the inherent value from its
For more information about Battery Minerals, please visit our website at https://bmrcorp.com/, or email us at info@bmrcorp.com.
Martin Kostuik, CEO
Twitter: @BMRcorp_
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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 Canadian securities legislation. 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 schedule, 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222568
FAQ
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