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Battery Mineral Resources Corp. Announces an Update on Community and Social Initiatives at the Punitaqui Project in Chile and Grant of PSU
(NewsDirect) Battery Mineral Resources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF ) (“...
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"Battery Mineral Resources Corp. Announces an Update on Community and Social Initiatives at the Punitaqui Project in Chile and Grant of PSU\n \n \n (NewsDirect)\n \n \n Battery Mineral\nResources Corp. (\n \n TSXV: BMR\n \n ) (\n \n OTCQB: BTRMF\n \n )\n(“\n \n Battery\n \n ” or “\n \n BMR\n \n ” or the “\n \n Company\n \n ”)\nis pleased to provide an update on our ESG initiatives. As previously\nreported, BMR has been working closely with Integratio Mediação\nSocial e Sustentabilidade (“\n \n Integratio\n \n ”), and have recently\ncompleted a policy, strategy and implementation guide for current and\nfuture social and community engagement and reporting. This policy is\nthe foundation for positive, proactive, and mutually beneficial\nengagement and partnership with our local communities and includes a\nsocial management manual, a community relations and communication plan\nand implementation guide, a donation and sponsorship guide, a social\nmanagement manual and a guide for the preparation of annual\nsustainability reports that the company plans to make public in both\nEnglish and Spanish. Integratio is a socio-environmental management,\nstrategic relationship, and stakeholder engagement consultant group\noperating for over 17 years and based in Belo Horizonte, Brazil.\n \n \n \n Granting of\nPerformance Share Units\n \n \n \n BMR is also announcing the granting of a total of\n2,330,000 Performance Share Units (“\n \n PSUs\n \n ”) to 13 management\npersonnel, officers, and directors of the Company. The vesting for the\nPSUs shall be determined by the Company’s stock close price. The\nPSUs will be fully vested on any single day that the Company’s\nclosing stock price reaches or exceeds CAD $0.50, within the\nperformance cycle, which commenced on March 30, 2023, and will end on\nMarch 30, 2026. Upon vesting, the persons who received the PSUs will\nbe entitled to receive any of the following as determined by the\nCompany in its sole discretion: (a) the number of common shares of the\nCompany equal to the number of vested PSUs, (b) a cash amount equal to\nthe number of vested PSUs multiplied by the closing price of the\ncommon shares of the Company on the business day immediately prior to\nthe date the PSUs become vested; or (c) a combinati...