Battery Mineral Resources (TSX.V: BMR) (OTCQB: BTRMF) (“BMR”) today provided a corporate update that detailed Cinabrio concessions at the Punitaqui Mine Complex, publication of its inaugural ESG (Environmental, Social and Governance) report on the BMR website, as well as its entry into an amendment to its existing bridge loan facility provided by Weston Energy LLC. The amendment increases the facility from US$4,000,000 to US$5,300,000 and extends the maturity date to Sept. 15, 2023. “Battery is very pleased that our largest shareholder continues to demonstrate their strong support of the company and provide an additional US$1,300,000 in funding on favorable terms,” said Martin Kostuik, BMR CEO and director. “This funding will assist in the development of the Punitaqui project until project financing for the restart of production at Punitaqui is procured. The company intends to use the proceeds of the expanded loan to continue advancing Punitaqui towards restarting sustainable copper concentrate production, and for additional working capital. We look forward to announcing the funding of the restart of the Punitaqui mine in the near term.”
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About Battery Mineral Resources Corp.
Battery Mineral Resources is a battery minerals company providing shareholders exposure to the global mega-trend of electrification while being focused on growth through cash-flow, exploration and acquisitions in favourable 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 Toronto Venture Exchange under the symbol BMR and on the OTCQB under the symbol BTRMF. Further information about BMR and its projects can be found on www.BMRCorp.com.
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