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Battery Mineral Resources Announces Second Shipment of Copper Concentrates to Anglo-American for Smelting
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - Battery Mineral Resources Corp. ...
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"\nBattery Mineral Resources Announces Second Shipment of Copper Concentrates to Anglo-American for SmeltingVancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) (\"Battery\" or \"BMR\" or the \"Company\") is pleased to announce a second shipment of copper concentrates 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 Company has supplied 751.65 dry metric tonnes (\"DMT\") of copper concentrates to Anglo's Chagres smelter in Catemu, Chile. The copper concentrates were produced from copper smelting by-products (slags) supplied to BMR by Anglo. The copper concentrates were produced at BMR's Punitaqui copper flotation plant and contained 24.22 percent copper, for approximately 410,348 pounds of copper in concentrate. Martin Kostuik, Chief Executive Officer, stated, \"This second copper concentrate shipment marks another significant stride towards positive cash flow, in line with Battery's goal of building a mid-tier copper producer. In the near term, copper sales are projected to include material sourced from Punitaqui mine operations as well as from additional third parties. As we endeavor to generate consistent cash flow from copper sales, BMR is in a favourable position to provide shareholders accretive exposure to a very healthy copper marketplace, now and in the years to come.\"The results for the month of July total 1,255 DMT of copper concentrate delivered for smelting. The Company is on track to increase production results with a goal of delivering approximately 1,400 DMT of copper concentrates per month in the near term and reaching up to 2,800 DMT of copper concentrate production per month by year-end. The Company initiated copper concentrate production on May 13th, 2024 after the successful commissioning of the recently refurbished and upgraded mineral processing facility at Punitaqui. 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.About B...