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Battery Mineral Resources Corp. Announces Closing of the Second Drawdown of Credit Facility with Fiera Enhanced Private Debt Fund
(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 Closing of the Second Drawdown of Credit Facility with Fiera Enhanced Private Debt Fund\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 announce that its wholly-owned subsidiary, ESI Energy\nServices Inc. (“ESI”), has completed its second and final drawdown\nof C$3,000,000 under a Credit Agreement (the “Credit Agreement”)\nwith Fiera Enhanced Private Debt Fund (“Fiera”). The terms of the\nCredit Agreement were disclosed in the Company press release dated,\n \n March\n11th, 2024\n \n .\n \n \n Max Satel, Battery’s CFO stated, “We are pleased to have\nclosed the second and final drawdown of the financing with Fiera.\nBattery Minerals is continuing to ramp up copper concentrate\nproduction and to further enhance operations at our Punitaqui Mining\nComplex, which will advance us towards our mission of building a\nmid-tier copper producer.\"\n \n \n \n About Battery Mineral Resources Corp.\n \n \n \n Battery Mineral\nResources’ mission is to build a mid-tier copper producer and it has\nrecently initiated mine and mill operations at the Punitaqui Mining\nComplex, a historic copper-gold-silver producer, in the Coquimbo\nregion of Chile. Battery Mineral Resources is unique because it\nleverages the inherent value from its 100% owned subsidiary, ESI\nEnergy Services Inc., a renewable energy equipment rental and sales\ncompany. Battery Mineral Resources’ portfolio also consists of two\ncobalt assets and one graphite asset located in North America, South\nAmerica and South Korea. The Company is focused on providing\nshareholders accretive exposure to copper and the global mega-trend of\nelectrification while being focused on growth through cash-flow,\nexploration, and acquisitions in favorable mining jurisdictions.\n \n \n Neither the TSX Venture\nExchange (the “TSXV”) nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSXV) accepts\nresponsibility for the adequacy or accuracy of this press\nrelease\n \n \n \n Forward\nLooking Statements\n \n \n \n This news\nrelease includes certain ...