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Battery Mineral Resources Announces Receipt of Second Payment and Closing of Previously Announced Royalty Financing with Electric Royalties
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) - Battery Mineral Resources Corp...
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"Battery Mineral Resources Announces Receipt of Second Payment and Closing of Previously Announced Royalty Financing with Electric RoyaltiesVancouver, 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$450,000 cash payment in connection with the closing of the previously announced royalty sale to Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF), whereby Minera BMR SpA, the Company's wholly-owned Chilean subsidiary, has granted a 0.75% Gross Revenue Royalty on its producing Punitaqui copper mine in Chile (\"Punitaqui\") in exchange for total cash consideration of C$3,500,000. See press release dated November 25th, 2024 for complete details of the royalty transaction.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 [email protected]. For more information, please contact: Martin Kostuik, CEO Phone: +1 (604) 628-1110 Twitter: @BMRcorp_ Facebook: Battery Mineral Resources Corp. | FacebookLinkedIn: Battery Mineral Resource...