Business
Battery Mineral Resources Provides Corporate Development Update
Vancouver, British Columbia--(Newsfile Corp. - November 24, 2021) - Battery Mineral Resources ...
About this update from Battery Mineral Resources Corp
[{"type":"text","content":"Battery Mineral Resources Provides Corporate Development UpdateVancouver, British Columbia--(Newsfile Corp. - November 24, 2021) - Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) (\"Battery\" or \"BMR\" or the \"Company\") is pleased to provide an update regarding business activities and outline steps towards potential near term cash generation. The recently acquired Punitaqui mine in Chile is slated for resumption of copper production in mid to late-2022.Battery is an investor focused company with high-quality assets providing shareholder exposure to the global mega-trend of electrification via our assets and the commodities they represent - namely cobalt, graphite, lithium and copper. BMR is determined to provide value growth through cash-flow, exploration and acquisitions in top mining jurisdictions.Punitaqui Copper MinePunitaqui is a former producing copper mine located in the Coquimbo region of Chile with an eight-plus year operating history within which it produced up to 25 million pounds of copper in concentrate annually. Punitaqui was recently acquired by BMR via a private placement equity financing announced on July 13, 2021. BMR began developing the project immediately by initiating a drilling program, operating as well as environmental permit modifications and engineering studies.Exploration and Infill Drill ProgramCurrently, four drills are operating at Punitaqui - one at San Andres, two at Dalmacia and one at Cinabrio Norte.San Andres and Dalmacia, along with Cinabrio, which was the primary feed to the mill over the eight-plus years of operating history, have existing underground workings and are being developed for upcoming resource updates and potential sources of copper mineralized feed to the mill, Cinabrio Norte is a new target to be developed in the nearby future;6,484 meters of diamond core drilling in 31 drill holes have been completed at San Andres (See Figure 1 and Figure 2).Sample assay results, reported herein, are from the first thirteen drillholes completed at San Andres (see Table 1 and Table 2 below). These results are only partial and additional significant intervals may be reported from these same holes when complete results are received.Environmental and Social Permitting ActivityConsolidation of several operating and exploration permits to a lesser number of permits;Modifications to al...