Battery Mineral Resources Corp. Announces the Approval of Its Environmental Permit for Mining at Cinabrio and San Andres at its Punitaqui Copper Mining Complex

Battery Mineral Resources Corp. Announces the Approval of Its Environmental Permit for Mining at Cinabrio and San Andres at its Punitaqui Copper Mining Complex

 Battery Mineral Resources Corp. (TSXV: BMR) ("BMR" "Battery" or the "Company") is very pleased to announce that it has received public approval by the Chilean Environment Assessment Service ("SEA") for the Environmental Impact Declaration ("DIA") pertaining to mining at its Cinabrio and San Andres deposits. The approval of the DIA allows BMR to be on schedule to move forward with starting mining operations in Q4 of this year and copper mineral processing activities at its Punitaqui complex in early 2023.

The DIA is an environmental permit which grants the permission to mine at a rate of up to 100,0000 tonnes per month (~ 3,333 tonnes per day) at the Cinabrio/San Andres area at its Punitaqui copper mining complex. The DIA permit covers aspects not only related to environmental considerations, but also social, health, flora, fauna, paleontology, amongst other items. With the DIA approval in hand the next step is to obtain the exploitation permit, which has been submitted for approval to the National Geology and Mining Service (SERNAGIOMIN).

Battery's CEO and director, Martin Kostuik states, "we are extremely pleased to have the DIA for Cinabrio, and San Andres approved. The application for mining operations has been submitted and is on schedule for approval in the next two months. In addition, our DIA permit application to transition from thickened tailings deposition to filtered (dry stack) tailings deposition is being submitted this month. This is well supported by the regulators as it will allow the Punitaqui operations to greatly reduce its consumption of water. On behalf of the Board of Directors of the Company I'd like to thank our team in Chile and the SEA for all their hard work in accomplishing this major milestone for the company ahead of schedule."

About Battery Mineral Resources Corp.

Battery Mineral Resources ("BMR") is a battery minerals company providing shareholders exposure to the global mega-trend of electrification while being focused on growth through cash-flow, exploration, and acquisitions in favourable mining jurisdictions. Battery Mineral's mission is the discovery, acquisition, and development of battery metals (namely cobalt, lithium, graphite, 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 currently pursuing a potential near-term resumption of operations in late 2022 of the Punitaqui Mining Complex, a past copper-gold producer, in the Coquimbo region of Chile. 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 mainline pipeline and renewable energy 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

Harbor Access Corp.
475-477-9402
jody.kane@harbor-access.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, the ability of the Company to complete the Debenture offering, 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 because 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/136259

News Provided by Newsfile via QuoteMedia

BMR:CA
The Conversation (0)
Battery Mineral Resources Corp. Announces US$2,000,000 Debt Financing, Closing of Previously Announced Interest Settlement Transactions & Corporate Update

Battery Mineral Resources Corp. Announces US$2,000,000 Debt Financing, Closing of Previously Announced Interest Settlement Transactions & Corporate Update

(NewsDirect)

Battery Mineral Resources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF ) (" Battery " or " BMR " or the " Company ") is pleased to announce that it has entered into a debt financing arrangement with Weston Energy LLC (the " Lender ") for aggregate gross proceeds of US$2,000,000. In connection with the financing, BMR issued a promissory note to the Lender, which matures on September 15, 2023, and bears interest at a rate of 8% per annum, with interest payable at the maturity of the note. The proceeds of the financing will be used for general working capital.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Battery Mineral Resources Corp. Announces Facility Increase and Maturity Extension of Bridge Loan, Exploration Update on Cinabrio Concessions, and Publication of Inaugural ESG Report

Battery Mineral Resources Corp. Announces Facility Increase and Maturity Extension of Bridge Loan, Exploration Update on Cinabrio Concessions, and Publication of Inaugural ESG Report

(NewsDirect)

Battery Mineral Resources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF ) (" Battery " or " BMR " or the " Company ") announces that it has entered into an amendment to its existing bridge loan facility provided by Weston Energy LLC (the " Lender "). The amendment increases the facility size from USD$4,000,000 to USD$5,300,000 and extends the maturity date to September 15, 2023. All other terms remain unchanged.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Battery Mineral Resources to Attend 121 Mining Investment Conference in New York

Battery Mineral Resources to Attend 121 Mining Investment Conference in New York

Battery Mineral Resources (TSXV: BMR) (OTCQB: BTRMF) is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in New York City.

121 Mining Investment New York will be hosting over 80 mining companies and more than 300 sophisticated investors for two days of pre-arranged, targeted 1-2-1 meetings. This year's event is being held on June 5-6.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Battery Mineral Resources Corp. announces attendance at CESCO week in Santiago Chile and interest settlement transactions with holders of convertible debentures

Battery Mineral Resources Corp. announces attendance at CESCO week in Santiago Chile and interest settlement transactions with holders of convertible debentures

(NewsDirect)

Battery Mineral Resources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF ) (" Battery " or " BMR " or the " Company ") is very pleased to announce that its senior executives will be attending the Centro de Estudios de Cobre y la Mineria (" CESCO ") event in Santiago Chile the week of April 17 th to 21 st . CESCO Week and the World Copper Conference provide some of the most important commercial and networking opportunities in the mining industry, attracting in excess of 2000 delegates. Both events are renowned for the calibre of delegates and attract CEO participants from the world's most important miners and smelters.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Battery Mineral Resources Corp. Announces Community and Social Initiatives at the Punitaqui Project in Chile

Battery Mineral Resources Corp. Announces Community and Social Initiatives at the Punitaqui Project in Chile

(NewsDirect)

Battery Mineral Resources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF ) (" Battery " or " BMR " or the " Company ") is very pleased to announce that it has completed agreements with the Comunidad Agricola Potrerillos Alto (" Potrerillos Community ") and the Comunidad Agricola Punitaqui (" Punitaqui Community ").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Altech Batteries

Altech – Cerenergy® Battery Project Funding Update

Altech Batteries Limited (Altech/Company) (ASX: ATC) (FRA: A3Y) is pleased to announce an update on funding of the CERENERGY® sodium-chloride solid-state battery project in Saxony, Germany.

Keep reading...Show less
Evolution Energy Minerals Limited

Appointment of Chief Executive Officer

Evolution Energy Minerals Limited (Evolution or the Company) (ASX: EV1, FSE: P77) is pleased to announce the appointment of George Donne as Chief Executive Officer, effective immediately. Mr. Donne brings over 20 years of expertise in the mining sector, with a distinguished career spanning corporate finance advisory, private equity and executive roles in both public and private mining companies. His background includes extensive work in developing markets across multiple commodities, particularly base metals and lithium-ion battery raw materials. With hands-on experience in mergers and acquisitions, corporate financing, investor relations and governance, Mr. Donne is well-positioned to lead Evolution’s strategic growth.

Keep reading...Show less
E-Power Resources (CSE:EPR)

E-Power Resources


Keep reading...Show less

NMG Provides Update on its Progress Toward FID for its Fully Integrated Ore-to-Active-Anode-Materials Phase-2 Operations

  • Integrated feasibility study for NMG's Phase-2 Matawinie Mine and Bécancour Battery Material Plant advancing to optimize production parameters, engineering, and cost projections, with the updated results expected early in Q1-2025.
  • Active work with Anchor Customers Panasonic Energy and GM to advance product qualification, project execution, commercial, and corporate requirements associated with the respective offtake agreements with a view to underpin Phase-2 development.
  • On-going project financing activities for the Company's Phase 2 including cumulative expressions of interest for approximately $1.4 billion comprised of potential lenders, Anchor Customers and institutional equity investors.
  • Eligibility to a refundable investment tax credit from the Canadian government estimated at about $350 million for the Phase-2 facilities.
  • Detailed engineering of Phase-2 facilities progressing with key engineering firms, supporting the preparation of purchase orders for vendor engineering and long-lead items.
  • Electrification program progressing well; Matawinie Mine's 120kV electrical substation contract awarded to ABB, construction planning underway for the powerline to supply the mine with clean hydropower, and development of zero-emission mining equipment by Caterpillar Inc. ("Caterpillar").
  • Even in the pressured market, 11.2% year-to-date gain on graphite prices (Benchmark Mineral Intelligence, September 2024) and 11.5 million EV sales (Rho Motion, October 2024); GM's EV production and sales in North America are growing significantly (GM, October 2024).
  • Appointment of Stéphane Leblanc to the Board of Directors and Karine Doucet to the position of Vice President Human Resources.
  • Continued engagement with First Nations and community to inform project execution and maximize local benefits.
  • Twelve-month rolling total recordable injury frequency rate of 1.73 and severity rate of 0.86 at the Company's facilities; and no major environmental incidents.
  • Period-end cash position of $56.5 million.

Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSX.V: NOU ) reports progress update on its multiple workstreams to bring its Phase-2 Matawinie Mine and Bécancour Battery Material Plant to a Final Investment Decision ("FID"). The Company is actively advancing its integrated feasibility study, engaging with its Anchor Customers Panasonic Energy Co., Ltd. ("Panasonic Energy"), a wholly owned subsidiary of Panasonic Holdings Corporation ("Panasonic") ( TYO: 6752 ), and General Motors Holdings LLC, a wholly owned subsidiary of General Motors Co. (collectively, "GM") ( NYSE: GM ), ongoing project financing activities, and preparing for the construction of its Phase-2 operations.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Altech Batteries

Altech – $4M Placement to Advance Battery Projects

Altech Batteries Limited (Altech/Company) (ASX: ATC) (FRA: A3Y) announces a capital raising of $4 million, comprising the issue of 66,666,667 fully paid ordinary shares in the capital of the Company at an issue price of $0.06 per Share. This price is a premium of 50% of the issue price to the Company’s shareholders in the recent Entitlement Offer conducted on 7 August 24. Participants in the placement will also receive free attaching listed options (ASX: ATCOC) of 1 option for every 1 share issued with an exercise price of $0.06 and expiry date of 31 December 2025.

Keep reading...Show less
Person signing agreement with hard hat in background.

International Graphite Gets AU$4.5 Million Grant for Collie Micronising Facility

International Graphite (ASX:IG6) has secured a AU$4.5 million government grant that will fund the construction of its Collie micronising facility, the company said in a press release on Tuesday (November 12).

The amount will be funded under the Australian Government Critical Minerals Office grant.

“We are excited to be pushing ahead with the construction of the new plant at Collie. Establishing a micronising business in Collie has been an important step in our development plans,” said CEO and Managing Director Andrew Worland.

Keep reading...Show less

Latest Press Releases

Related News

×