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Battery Mineral Resources Corp. Announces Closing of First Tranche of LIFE Private Placement Offering and Completion of Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2026) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement offering (the "Offering"), consisting of 50,000,000 common shares of the Company ("Shares") at a price of $0.20 per Share for aggregate gross proceeds of $10,000,000. "We are very pleased to close the first tranche of..
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 16, 2026) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement offering (the "Offering"), consisting of 50,000,000 common shares of the Company ("Shares") at a price of $0.20 per Share for aggregate gross proceeds of $10,000,000.","length":497,"tagName":"p"},{"type":"text","content":""We are very pleased to close the first tranche of the LIFE offering, which reflects continued support for Battery Mineral Resources and our strategy to advance operations and underground development at Punitaqui," said Lazaros Nikeas, Chief Executive Officer.","length":270,"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"), and in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws. The Shares offered and sold to persons in the United States will be considered restricted securities under the U.S. Securities Act.","length":543,"tagName":"p"},{"type":"text","content":"In connection with the closing of the Offering, the Company paid, an arm's length party, EAS Advisors LLC, acting through Odeon Capital Group, LLC, a Member of FINRA/SIPC/MSRB an aggregate cash commission of $456,690 in compliance with applicable securities laws and TSX Venture Exchange ("TSXV") policies.","len...