Base Metals

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that it has closed a non-dilutive sale-leaseback transaction on an industrial property located at 7102 West Sherman Street, Phoenix, Arizona (the "Property"), previously held by Ozzie's, Inc. ("Ozzie's"), the Company's U.S. subsidiary of BMR's 100%-owned ESI Energy Services, Inc, which operates in the equipment rental and sales sector of the pipeline and renewable energy space (the "Transaction").

The Transaction raised proceeds of approximately C$4.0 million, after the repayment of all indebtedness on the Property and the payment of transaction costs, but prior to the payment of estimated taxes on the disposition of the Property. Proceeds from the Transaction will be applied to re-commence operations at the Company's Punitaqui Mining Complex, a past copper-gold producing mine located in the Coquimbo region of Chile. The Company is currently exploring interest from parties to supply the balance of the cost, estimated at C$20 million, via additional and non-dilutive avenues.

Battery CEO Martin Kostuik states: "We are very pleased to announce the closing of the sale-leaseback transaction for the West Sherman Street property. The transaction represents a creative, non-dilutive means for BMR to raise capital, which we will apply in the near-term towards preparing for operations at Punitaqui. We look forward to sharing ongoing updates with the market on additional financing initiatives and other key milestones, as we advance towards restarting mine operations followed by copper production and generating positive cash-flow at Punitaqui."

As part of the Transaction, Ozzie's has entered into a lease agreement on the Property (the "Lease Agreement") with the purchaser of the Property. Ozzie's shall lease the Property for a term of 60 months at an initial lease rate of approximately US$26,200 per month, to be paid from Ozzie's cash flows. The taxes payable by Ozzie's on the proceeds from the Transaction are estimated to be approximately C$0.5 million and shall be paid by Ozzie's following the filing of tax returns for its fiscal year ending December 31, 2022.

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 mine operations, followed by copper production in late 2022, of the Punitaqui Mining Complex, a past copper-gold producer located in the Coquimbo region of Chile. Punitaqui, operating as recently as April of 2020, has a 9+ year operating history and produced between 20 and 25 million pounds of copper annually. 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., and its US subsidiary Ozzie's, Inc., a profitable mainline pipeline and renewable energy equipment rental and sales company with operations in Alberta, Canada and Arizona, USA. Battery Mineral 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 Investor Relations
+1 (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, 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/127287

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Battery Mineral Resources


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Battery Mineral Resources Announces Intercept of 48 Meters of 1.31% Cu From the Cinabrio Norte Target at Its Punitaqui Copper Mine in Chile

Battery Mineral Resources Announces Intercept of 48 Meters of 1.31% Cu 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 pleased to announce encouraging drill core assay results from the recently completed Phase 1 2021-2022 exploration and infill diamond drill program focused on extensions of the Cinabrio orebody, the Dalmacia target and the San Andres target within the Punitaqui mine complex ("Punitaqui") in Chile. The Punitaqui mine is slated for resumption of mine operations in the second half of 2022.

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Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") announces encouraging drill core assay results from the recently completed Phase 1 exploration and infill drill program at the Dalmacia zone of the Punitaqui mine complex ('Punitaqui") in Chile. The Punitaqui mine is slated for resumption of mine operations in the second half of 2022.

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Corporate and Operational Highlights

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Altech Chemicals Ltd Strategic Partnership Silumina Anodes Qualification

Perth, Australia (ABN Newswire) - Altech Chemicals Ltd (ASX:ATC) (FRA:A3Y) is pleased to announce that it has executed a framework agreement with leading German institute Fraunhofer IKTS ("IKTS"), as a strategic partner to expedite the testing and qualification process for the Company's Silumina AnodesTM product.

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Altech is well funded to complete a pilot plant adjacent to its industrial site in Saxony, Germany, in order to supply commercial samples to potential downstream customers and for the qualification process.

Altech recently completed a pre-feasibility study for a 10,000 tpa Silumina AnodesTM plant in Germany. The Company's silicon graphite composite product not only achieves a much higher energy capacity than the conventional graphite anode, it is also stable during the life of the battery. The Company announced in late 2021 that it had achieved a 30% higher energy battery with improved cyclability or battery life, and is now in the process of commercial development.

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During the recent crisis in Europe forcing supply chain pressures and rising energy prices, it has demonstrated the importance of European material supply for European battery and EV makers. The manufacturing supply risks are becoming increasingly evident, and more focus will be placed on European supply.

*To view photograph at IKTS test facilities in Dresden, please visit:
https://abnnewswire.net/lnk/M53XXS83



About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.



Source:
Altech Chemicals Ltd

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Mason Graphite Files Management Information Circular for Special Shareholders' Meeting

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