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Battery Mineral Resources Corp. Announces Resumption of Copper Concentrate Production at Punitaqui
(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 Resumption of Copper Concentrate Production at Punitaqui\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 the resumption of mill operations and first\nproduction of copper concentrates at its Punitaqui project in\nChile.\n \n \n \n \n \n \n Martin\nKostuik, Battery’s CEO stated,\n \n \"The commencement of copper\nconcentrate production at Punitaqui marks a significant milestone for\nBMR and in establishing Chile's next copper mine. Having\nefficiently applied capital, it has paved the way for near term copper\nproduction at Punitaqui and positioning the company favorably to\ngenerate meaningful cash flow. With the commencement of copper\nconcentrates production, a proficient operational team, and a\npromising outlook for robust copper markets, we aim to enhance\nshareholder value further. We eagerly anticipate sharing our progress\nand results as 2024 progresses.\"\n \n \n \n \n \n \n \n \n Operational Highlights 2024\n \n \n \n The Company has\ninitiated copper concentrate production after the successful\ncommissioning of the recently refurbished and upgraded mineral\nprocessing facility at Punitaqui. Mining activities to establish\naccess to the mineralized zones in both Cinabrio and San Andres\ncontinue to ramp up with stockpiling of fresh mill feed. Cinabrio is\nthe original mine that supplied feed for the first 10 years of prior\noperations, primarily by Glencore plc.\n \n \n \n \n During the ramp up period of the mines, the Company is looking\nto boost the revenue stream by processing mill feed from external\nsources. Supply to the mill over the coming months will be a\ncombination of fresh material from the Punitaqui mines and feed from\noutside sources including material from private mines in the area, and\ncopper smelter slags.\n \n \n \n \n \n Anglo-American Agreement\n \n \n \n The source of slags supply is made possible by\nthe Anglo-American PLC (“\n \n Anglo\n \n ”) agreement announced on\nFebruary 13\n \n th\n \n , 2024. Anglo has agreed to purchase all the\ncopper concentrate to be produced from 240,000 tonnes of\nAnglo-supplied copper smelter slags....