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Battery Mineral Resources Announces Closing of Second Tranche of LIFE Private Placement Offering
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") i
About this update from Battery Mineral Resources Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) (\"Battery\" or \"BMR\" or the \"Company\") is pleased to announce that it has closed the second tranche of its non-brokered private placement offering (the \"Offering\"), which was originally announced on April 15, 2026. Under this second tranche, the Company issued 3,000,000 common shares of the Company (\"Shares\") at a price of $0.20 per Share for aggregate gross proceeds of $600,000. The Company previously announced the closing of the first tranche of the non-brokered private placement on April 22, 2026, for aggregate gross proceeds of $451,647. The Company has now raised aggregate gross proceeds of $1,051,647 through the sale of an aggregate of 5,258,235 Shares under the Offering. The Shares have been issued on a private placement basis pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), as amended and supplemented by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"LIFE Exemption\"). Accordingly, the Shares issued in the Offering are not subject to resale restrictions pursuant to applicable Canadian securities laws. The Offering was also conducted in the United States by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), in accordance with all applicable laws. The Shares offered and sold to persons in the United States are considered restricted securities under the U.S. Securities Act. The Company intends to use the net proceeds of the Offering to advance processing plant operations and planned underground development at the Company's Punitaqui Mining Complex located in the Coquimbo region of Chile, and for general working capital purposes. Details of the Company's intended use of proceeds from the Offering are more fully described in the offering document dated April 15, 2026 that can be accessed under the Company's profile at www.sedarplus.ca. In connection with the closing of the second tranche of the Offering, the Company paid an arm's length party, EAS Advisors LLC, acting through Odeon Capital Group, LLC, a Mem...