Business
Battery Mineral Resources Corp. Announces Closing of Final Tranche of LIFE Private Placement Offering
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that it has closed the final tranche of its non-brokered private placement offering (the "Offering"), which was originally announced on April 15, 2026. Under this final tranche, the Company issued 8,542,030 common shares of the Company ("Shares") at a price of $0.20 per Share for aggregate gross proceeds of...
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 29, 2026) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that it has closed the final tranche of its non-brokered private placement offering (the "Offering"), which was originally announced on April 15, 2026. Under this final tranche, the Company issued 8,542,030 common shares of the Company ("Shares") at a price of $0.20 per Share for aggregate gross proceeds of $1,708,406. The Company previously announced the closing of the first tranche of the Offering on April 22, 2026, for aggregate gross proceeds of $451,647 and the closing of the second tranche on May 7, 2026 for aggregate gross proceeds of $600,000. The Company has now raised aggregate gross proceeds of $2,760,053 through the sale of an aggregate of 13,800,265 Shares under the Offering.","length":930,"tagName":"p"},{"type":"text","content":"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.","length":510,"tagName":"p"},{"type":"text","content":"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.","length":421,"tagName":"p"},{"type":"text","content":"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 m...