Base Metals

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") announces that the Company has been issued a cease trade order ("CTO") by the British Columbia Securities Commission ("BCSC") for missing the filing deadline of May 2, 2022 for the following periodic disclosure documents (collectively "Annual Filings"):

  • the audited annual financial statements for the year ended December 31, 2021;
  • the management's discussion and analysis relating to the audited annual financial statements for the year ended December 31, 2021; and
  • the CEO and CFO certifications for the annual filings for the year ended December 31, 2021 required by National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings.

As previously announced on April 29, 2022, the Annual Filings delay results from additional audit work required to restate certain 2020 fiscal year transactions, primarily related to the ESI Energy Services Inc. common control acquisition. The Company intends to file its 2021 financial statements along with restated 2020 comparative information. The restatement of the 2020 financial statements is not expected to have an impact on cash or reported loss from continuing operations for the period.

BMR retained PricewaterhouseCoopers LLP ("PwC") for the 2021 year-end audit and on a go-forward basis. BMR continues to work with PwC to complete the Annual Filings as soon as possible and expects to file the Annual Filings by May 17, 2022. At that time, a news release will be issued indicating that the Annual Filings have been submitted. Upon filing the Annual Filings, the Company expects that the CTO will be revoked within one to two business days (in Canada), as is the customary practice. In the interim, the Company continues to operate normally and without disruption.

Battery CEO Martin Kostuik states; "While we are disappointed with the delay to our Annual Filings as a result of additional audit work required, we are confident that the Annual Filings will be filed soon and that the CTO will be revoked very shortly thereafter. We will keep shareholders appraised of our progress on these matters. Restatement of filings in concert with a change in auditors is not uncommon. Most importantly, we want to remind our shareholders that the restatements and the resulting delay of our Annual Filings do not impact the Company's assets or operations, including its Punitaqui project in Chile, and we look forward to sharing continued progress towards the restart of copper production and positive cash flow."

Despite the CTO, a beneficial security holder of the Company who is not, and was not at the date of the CTO, an insider or control person of the Company, may sell securities of the Company acquired before the date of the CTO if the following apply: (a) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. Holders of the Company's securities are urged to consult with their own investment advisors or legal counsel about the implications of the CTO.

The Company confirms that, other than as disclosed in prior press releases and material change reports, there have been no material business developments since the filing on November 29, 2021 of the Company's latest interim financial reports for the period ended September 30, 2021.

About Battery Mineral Resources Corp.

Battery Mineral Resources ("BMR") is a battery mineral company focused on growth through cash-flow, exploration, and acquisitions in favourable mining jurisdictions. BMR is currently developing the Punitaqui Mining Complex, a past copper-gold producer, in the Coquimbo region of Chile and pursuing a potential near-term resumption of operations in late 2022. Battery Mineral's mission is the discovery, acquisition, and development of battery metals (namely cobalt, lithium, graphite, nickel, and copper), in North America, South America and South Korea, to become a premier and responsible supplier of battery minerals to the electrification marketplace. BMR is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp in Ontario, Canada, and continues to pursue a focused program to build on the recently announced, +1-million-pound high-grade cobalt resource at McAra. In addition, Battery Mineral owns 100% of ESI Energy Services, Inc. a profitable pipeline equipment rental and sales company with operations in Alberta, Canada and Arizona, USA. Battery Minerals Resources is based in Canada and its shares are listed on the Toronto Venture Exchange under the symbol "BMR" and on the OTCQB under the symbol "BTRMF". Further information about BMR and its projects can be found on www.bmrcorp.com.

For more information, please contact:

Martin Kostuik, CEO
Phone: +1 (604) 229 3830
info@bmrcorp.com

Mars Investor Relations
+1 (604) 335-1976
bmr@marsinvestorrelations.com
Twitter: @BMRcorp_
www.bmrcorp.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Forward Looking Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain sufficient financing to complete exploration and development activities, timing of the completion of the Company's audit , risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, the ability of the Company to meet its anticipated development schedule, government regulation and fluctuating metal prices. Accordingly, readers should not place undue reliance on forward-looking statements. Battery undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123144

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BMR:CA
Battery Mineral Resources

Battery Mineral Resources

Overview

The global battery metals market is a rapidly growing billion-dollar industry. This market represents the raw materials used in the production of batteries such as lithium, nickel, cobalt, manganese and graphite. With the increasing popularity of electric vehicles, energy storage systems, consumer electronics and electric alternatives to everyday applications, the demand for these metals has seen unprecedented growth.

In 2019, analysts valued the market at US$11.3 billion and projected it to grow at a CAGR of 8.2 percent and reach US$20.5 billion by 2027. A rapid surge in the renewable energy industry has many looking to the battery mineral and metal exploration and development companies to supply the demand, which shows robust projections across global markets.

Battery Mineral Resources (TSXV:BMR,OTCQB:BTRMF) is a Canadian multi-commodity resource company focused on exploring, mining and bringing essential battery minerals to market through project development and production. Its unparalleled management team and high-quality asset portfolio set the company apart from other emerging battery metals players.

BMR stands as the largest claim holder across all minerals in the Ontario Cobalt Belt, which is one of the most richly endowed mining regions in the world. It currently has a robust asset portfolio, including its McAra, Gowganda, Iron Mask, Island 27 projects in Ontario and additional projects in the works across the province and Quebec. As a first-mover in the district, the company has led efforts in recognizing the potential of multiple new, at-surface and high-grade primary cobalt discoveries in this region.

In March 2021, BMR acquired the near-term cash flow Minera Altos de Punitaqui copper-gold project in Chile, which consists of a centralized process plant fed by four satellite copper deposits — San Andres, Cinabrio, Dalmacia and Los Mantos. The past-producing mining operation leverages easy road access to local population centers and presents outstanding exploration opportunities across its classic IOCG and manto style copper-gold-silver veins.

The company's cobalt reach extends into the prolific mining district of Idaho with its three 100 percent owned properties covering 14 significant cobalt prospects in the state. Bonanza, Desert and East Fork properties are strategically positioned near the home of eCobalt Solutions Idaho cobalt project, the only advanced stage, near term, environmentally permitted, primary cobalt deposit in the U.S.

Another exciting addition to the BMR portfolio is its highly prospective graphite assets located in South Korea and lithium assets in prolific U.S. mining districts. The Guemam and Taehwa projects are two past-producing graphite mines, which leverage close proximity to excellent lithium-ion industrial infrastructure and considerable yield and high-grade graphite potential.

The next steps for the company involve extensive drilling in Chile and a 9,000-meter drilling program across its assets in Ontario, targeting eight cobalt silver prospects. Exciting development work and operational construction in the near future could propel exploration and drilling forward significantly. Positive drill results at its Idaho properties also present higher-than-expected cobalt grades and exploration opportunities.

Battery Mineral Resources Corp.'s management team consists of leaders with extensive operational and development experience. Combined with a stellar and supportive shareholder portfolio, the company is primed for exceptional economic growth and well-funded development.

Company Highlights

  • Battery Mineral Resources is a multi-commodity resource company focused on discovering, acquiring and developing battery metals projects (cobalt, lithium, graphite, nickel & copper), in North and South America and South Korea. It's poised to become a premier and sustainable supplier of battery minerals to the electrification marketplace.
  • BMR is currently developing the Punitaqui Mining Complex and pursuing the potential near-term resumption of operations at the prior producing Punitaqui copper-gold mine.
  • BMR is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp, Canada. It controls a robust portfolio of cobalt assets across the prolific Timmins & Sudbury and Rouyn & Val d'Or Quebec areas.
  • Its Canadian cobalt portfolio consists of McAra, Gowganda, Iron Mask, Island 27, Fabre in Quebec and several additional highly prospective projects in politically stable jurisdictions of Ontario.
  • Additional battery mineral exposure includes its strategically acquired graphite assets in South Korea and lithium properties in prolific mining districts like Nevada and California.
  • BMR's management team combines seasoned experts across related industries in finance, resource development and battery mineral exploration.

Click here to follow Battery Mineral Resources on LinkedIn

Key Projects

Minera Altos de Punitaqui Copper Complex

Minera Altos de Punitaqui (MAP) is an integrated copper and gold mining complex located in the region of Coquimbo, Chile approximately 50km south of the Andacollo copper mine owned by Teck Resources. The 8.095-hectare asset consists of a centralized process plant that is fed by four satellite copper deposits – San Andres, Cinabrio, Dalmacia and Los Mantos. The fully permitted operation also leverages excellent road access and widespread mineralization.

MAP boasts a past production history and near-term production potential. Cinabrio and San Andres mining zones leverage underground portal access and Mantos-type copper mineralization up to 30 meters thick. The Dalmacia drill target contains copper-silver-gold mineralization which is structurally controlled. All regional targets offer immediate exploration and district-scale potential to BMR.

After its acquisition in March 2021, BMR has been quick to begin development on the asset. The company plans to immediately commence restart activities at the site to resume mining and milling operations which will be carried out in conjunction with an aggressive regional exploration campaign to better define historical mineral resources and add new resources for mining in the future. Re-start is projected to begin within 12 months to a potential annual EBITDA of US$50 million per annum.

Canadian Cobalt Exploration Projects

BMR controls a large 1,100-kilometer squared land package in the Ontario Cobalt Belt, which hosts multiple high-grade and widespread mineralized targets. The company has conducted geotechnical assessments and assays on the property with samples from outcrop revealing target prospects that present up to-21 percent cobalt values.

The project portfolio consists of McAra, Gowganda, Iron Mask, Island 27, other additional Ontario properties and highly prospective cobalt assets in Quebec. The projects access well-serviced mining networks and infrastructure with excellent exploration, development and mining suppliers in the prolific Timmins & Sudbury and Rouyn & Val d'Or Quebec areas. BMR stands as the largest regional landholder with extensive claim packages in the Elk Lake and Gowganda mining camps.

Over 42,244 meters have been drilled on 20 cobalt-silver prospects across seven properties. McAra has a measured and indicated resource of approximately 1,124,000 pounds of cobalt and stands as the highest-grade cobalt dominant deposit worldwide in more than 50 years with grades upwards of 1.5 percent cobalt. Exciting next steps for the company's Ontario cobalt assets include a 9,000-meter drilling program and a projected centralized processing plant at Gowganda.

Idaho Cobalt Projects

Battery Mineral Resources has 434 mineral claims in three 100 percent owned properties covering fourteen significant cobalt prospects within a three by six kilometer cobalt-copper mineralized zone. Its properties include Bonanza, Desert and East Fork assets located in the historic cobalt-copper Blackbird mining district approximately 30 kilometers west of Salmon, Idaho.

The largest Bonanza hosts multiple surface and subsurface shoots of copper-cobalt mineralization hosted along contact with gabbro sill. Historic drilling results demonstrated cobalt grades ranging 0.4 percent to 0.58 percent with anomalous gold from surface level to 100 meters deep. All projects host excellent high-grade copper-cobalt discovery potential.

Graphic Assets — Geumam and Taehwa, South Korea

BMR has 100 percent ownership of Guemam and Taehwa graphite exploration projects containing high-purity flake graphite deposits. Both assets are past-producing mines with existing local infrastructure and near-term production potential. Advantageous positioning in South Korea puts BMR close to established and booming battery industries in Asia.

Guemam is located 20 kilometers from South Korea's second-largest lithium-ion battery factory and has a maiden NI 43-101 resource. Indicated mineral resources on the property stand at approximately 101-kilo tons containing 6.6 percent graphite grades. The Taehwa project also has excellent discovery potential with historical mineral resource estimates of 99,000 tons of graphite at 6.8 percent and additional inferred mineral resource of 70,000 at seven percent graphite grades.

Management Team

Lazaros Nikeas — Executive Chairman

Lazaros Nikeas has over 15 years of strategy and capital markets advisory for resource, chemicals and industrial companies, with over US$25 billion of M&A transactions completed. He is currently a principal investment manager of Weston Energy LLC, a Yorktown Partners LLC portfolio company with investments in energy minerals assets. Nikeas was previously a partner of Traxys Capital Partners, a private equity firm backed by The Carlyle Group.

Martin Kostuik — CEO & Director

Martin Kostuik has over 28 years of diversified experience in the mining industry as a mining engineer and senior executive. He was the president and director for the last four years at Arizona Gold Corporation and before was CEO and director of Rupert Resources Limited.

Previously, Kostuik built a broad base of experience in operations, engineering, exploration and capital projects with various companies including Luna Gold (Equinox), Barrick Gold Corporation, Taseko Mines Limited and DMC Mining Services.

Jack R. Cartmel — CPA, CA, CFO

Jack R. Cartmel is a finance executive with over 15 years of experience in the mining industry with expertise in M&A, IPOs, taxation, public company accounting and disclosure and financial and risk management. Previously, he held a position with TSX-listed Monument Mining, a mid-size gold producer in Asia and White Tiger Gold, a mid-size gold producer.

Peter Doyle — VP of Exploration

Peter Doyle has over 40 years of experience in all aspects of mineral exploration from regional reconnaissance to project evaluation and development, in a variety of geological terrains throughout Canada, the U.S., South America and Australia. He was previously with PT Freeport Indonesia, Gold Fields and Troy Resources.

Jacob Willoughby — VP of Corporate Development & Strategy

Jacob Willoughby is a geologist and MBA graduate with nearly 17 years of diversified experience in mining capital markets. He has worked as a mining analyst for over eight years, covering exploration and development companies globally in both precious and base metals. Willoughby also worked as a capital markets consultant, an investor and as a director and senior executive.

Willoughby was most recently VP of Research and Analyst at Red Cloud Securities in Toronto. Prior, he was a partner and mining analyst at Beacon Securities. He began his career in mining equity research at Paradigm Capital, where he worked for five years. He also spent two years as President and Director of Aldridge Minerals, a Canadian public company with assets in Turkey and Papua New Guinea.

Click here to follow Battery Mineral Resources on LinkedIn

Battery Mineral Resources Corp. Announces Delay of Annual Filings

Battery Mineral Resources Corp. Announces Delay of Annual Filings

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") announces that it will delay the filing of its annual financial statements and accompanying management's discussion and analysis and related CEO and CFO certificates for the financial year ended December 31, 2021 (collectively, the "Annual Filings"). Filing is required within 120 days of the financial year-end, under applicable Canadian securities laws. As further described below, the Company expects to file the Annual Filings by May 17, 2022.

Primarily, certain equity transactions related to the ESI Energy Services Inc. common control acquisition for prior fiscal year are being restated. The Company is working on the restatement of its 2020 financial statements and intends to file its 2021 financial statements along with restated 2020 comparative information. The restatement of the 2020 financial statements is not expected to have an impact on cash, or loss for the period from continuing operations in the financial statements. The Company retained PricewaterhouseCoopers LLP ("PwC") for the 2021 year-end audit and on a go-forward basis, replacing its former auditor.

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Battery Mineral Resources Announces Intercept of 34 Meters of 1.35% Copper from the Cinabrio Norte Target at Its Punitaqui Copper Mine in Chile

Battery Mineral Resources Announces Intercept of 34 Meters of 1.35% Copper from the Cinabrio Norte Target at Its Punitaqui Copper Mine in Chile

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is extremely pleased to announce encouraging drill core assay results from the ongoing 2021 - 2022 exploration and infill drill program focused on extensions of the Cinabrio orebody, the Dalmacia target and San Andres target within the Punitaqui mine complex ("Punitaqui") in Chile. These drilling results continue to highlight the strong copper grades and the growing vertical extent of the Cinabrio Norte target.

Punitaqui is slated for resumption of copper concentrate production in Q4-2022. The Cinabrio Norte target represents a potential northern extension of the main Cinabrio mine orebody, which historically was the primary source of ore feed to the Punitaqui copper ore concentration plant for eight-plus years (see Figure 1).

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Battery Mineral Resources Announces Intercept of 47 Meters of 1.34% Copper from Dalmacia Target at Its Punitaqui Mine

Battery Mineral Resources Announces Intercept of 47 Meters of 1.34% Copper from Dalmacia Target at Its Punitaqui Mine

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is extremely pleased to announce encouraging drill core assay results from the recently completed Phase 1 exploration and in-fill drill program at the Dalmacia target of the Punitaqui mine complex ('Punitaqui") in Chile. Drilling continues at the Cinabrio Norte target where two diamond drills are in operation. The Punitaqui mine is slated for resumption of copper concentrate production in mid to late-2022.

The Dalmacia target is located in the southern portion of the Punitaqui area about six kilometers ("km") south of the Punitaqui copper processing plant. The Dalmacia target has underground mining access, partially delineated mineralized zones and is targeted as a potential new source of ore feed to the Punitaqui plant (see Figure 1).

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Battery Mineral Resources Closes Fourth Tranche of Oversubscribed Unsecured Convertible Debenture Financing

Battery Mineral Resources Closes Fourth Tranche of Oversubscribed Unsecured Convertible Debenture Financing

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that it has closed a fourth, and final, tranche (the "Fourth Tranche") of its non-brokered private placement of 8% unsecured convertible debentures (the "Debentures") previously announced in the Company's news releases of January 14, 2022, January 24, 2022, February 14, 2022, March 1, 2022 and March 17, 2022 (the "Offering").

Gross proceeds for the Fourth Tranche total C$2,560,600, which was oversubscribed. Together with the first tranche of the Offering, which closed on January 24, 2022 for gross proceeds of C$3,250,000, the second tranche of the Offering, which closed on February 14, 2022 for gross proceeds of $698,960, and the third tranche of the Offering, which closed on March 17, 2022 for gross proceeds of C$3,865,900, the Company raised an aggregate of C$10,375,460 under the Offering, up from the previously announced $10,000,000 Offering.

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Battery Mineral Resources Corp. Closes Third Tranche of C$10 Million Convertible Debenture Financing

Battery Mineral Resources Corp. Closes Third Tranche of C$10 Million Convertible Debenture Financing

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that it has closed a third tranche (the "Third Tranche") of its non-brokered private placement of 8% unsecured convertible debentures (the "Debentures") previously announced in the Company's news releases of January 14, 2022, January 24, 2022, February 14, 2022 and March 1, 2022 (the "Offering"). The offering is expected to close on or around March 31, 2022.

Gross proceeds for the Third Tranche total C$3,865,900. Together with the first tranche of the Offering, which closed on January 24, 2022, for gross proceeds of C$3,250,000, and the second tranche of the Offering, which closed on February 14, 2022, for gross proceeds of $698,960, the Company raised an aggregate of C$7,814,860 under the Offering.

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Upper Salmon projects with Idaho Conservation League advanced

(TheNewswire)

Jervois Global Limited

May 17, 2022 TheNewswire - Jervois Global Limited (" Jervois " or the " Company ") (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) is pleased to announce US$150,000 funding for three restoration projects through a partnership between 100% owned United States subsidiary Jervois Mining USA Limited and Idaho Conservation League (" ICL "), which is now in its second year.

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Cobalt Uses: Batteries and More

Cobalt Uses: Batteries and More

Cobalt, whose name is derived from a German word meaning “evil spirits,” has been valued by humans since the Egyptians used it as a coloring agent.

Today, this critical metal is considered an essential element. Cobalt is best known as a raw material in lithium-ion batteries, but its high melting point and ability to maintain strength even at raised temperatures make it useful in cutting tools, superalloys, surface coatings, high-speed steels and many other materials.

Below is an overview of those and other cobalt uses that investors should know about.

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Fortune Minerals Engages Haywood as Financial Advisor

Fortune Minerals Engages Haywood as Financial Advisor

Haywood engaged to assist Fortune in raising the funds needed to advance the NICO Critical Minerals Project through to a construction decision

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

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Jervois Commencing BFS Refinery Expansion at Kokkola

(TheNewswire)

Jervois Global Limited

Highlights

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Sherritt Announces Voting Results of Its 2022 Annual Meeting of Shareholders

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX:S) today announced voting results of its 2022 Annual Meeting of Shareholders held May 13, 2022.

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Ellis Martin Report: Group Ten Metals  Adds Strong New Team Members and Reports High Grade Intervals of Nickel Sulphide at Stillwater West in Montana.

Ellis Martin Report: Group Ten Metals Adds Strong New Team Members and Reports High Grade Intervals of Nickel Sulphide at Stillwater West in Montana.

Malibu, CA, United States (ABN Newswire) - In this segment of The Ellis Martin Report we speak with Michael Rowley, the President and CEO of Group Ten Metals (CVE:PGE) (OTCMKTS:PGEZF). The company is pleased to announce the addition to the team of Dr. Danie Grobler as Vice-President Exploration and Albie Brits as Senior Geologist to Advance the Stillwater West Critical Minerals Project in Montana, USA.

Additionally, Group Ten is reporting 13.2 Meters of 3.33% Nickel Equivalent within 401 meters of continuous mineralization from resource expansion drilling at the Stillwater West Critical Minerals Project in Montana.

To listen to the Interview, please visit:
https://www.abnnewswire.net/press/en/110370/pge



About Group Ten Metals Inc.:

Group Ten Metals (CVE:PGE) (OTCMKTS:PGEZF) is a Canadian mineral resource exploration company focused on the advancement of our flagship Stillwater West PGE-Ni-Cu project adjacent to the high-grade Stillwater mines in Montana, USA.



Source:
Group Ten Metals Inc.

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