BMR - Battery Mineral Resources Corp. Announces an Update on Community and Social Initiatives at the Punitaqui Project in Chile and Grant of PSU
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Battery MineralResources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF )(“ Battery ” or “ BMR ” or the “ Company ”)is pleased to provide an update on our ESG initiatives. As previouslyreported, BMR has been working closely with Integratio MediaçãoSocial e Sustentabilidade (“ Integratio ”), and have recentlycompleted a policy, strategy and implementation guide for current andfuture social and community engagement and reporting. This policy isthe foundation for positive, proactive, and mutually beneficialengagement and partnership with our local communities and includes asocial management manual, a community relations and communication planand implementation guide, a donation and sponsorship guide, a socialmanagement manual and a guide for the preparation of annualsustainability reports that the company plans to make public in bothEnglish and Spanish. Integratio is a socio-environmental management,strategic relationship, and stakeholder engagement consultant groupoperating for over 17 years and based in Belo Horizonte, Brazil.
Granting ofPerformance Share Units
BMR is also announcing the granting of a total of2,330,000 Performance Share Units (“ PSUs ”) to 13 managementpersonnel, officers, and directors of the Company. The vesting for thePSUs shall be determined by the Company’s stock close price. ThePSUs will be fully vested on any single day that the Company’sclosing stock price reaches or exceeds CAD $0.50, within theperformance cycle, which commenced on March 30, 2023, and will end onMarch 30, 2026. Upon vesting, the persons who received the PSUs willbe entitled to receive any of the following as determined by theCompany in its sole discretion: (a) the number of common shares of theCompany equal to the number of vested PSUs, (b) a cash amount equal tothe number of vested PSUs multiplied by the closing price of thecommon shares of the Company on the business day immediately prior tothe date the PSUs become vested; or (c) a combination of (a) and (b).
Battery CEOMartin Kostuik states: “The allocation of incentive shares is inalignment of BMR’s mission to maintain and enhance our positive andproductive relationship with shareholders while accordinglyincentivising our management and board who are unilaterally workingtowards positioning BMR into cash flowing via the resumption ofoperations at our Punitaqui copper mine in Chile.”
“In addition, weare proud to update our investors regarding our achievements todevelop productive, ethical, and transparent relationships with oursurrounding communities. It is our duty to our shareholders,employees, and communities to promote sustainable growth supported bysafe, and socially responsible business practices while developinglong-term resources. We look forward to progressing advancement of ourrelationships with the people of the communities of Potrerillos andPunitaqui as we continue working diligently to restart our Punitaquicopper mine in the coming months of 2023.”
About Battery MineralResources Corp.
Battery Mineral Resources is a battery minerals companyproviding shareholders exposure to the global mega-trend ofelectrification while being focused on growth through cash-flow,exploration, and acquisitions in favourable mining jurisdictions.Battery Mineral’s mission is the discovery, acquisition, anddevelopment of battery metals (namely cobalt, lithium, graphite, andcopper), in North America, South America and South Korea, to become apremier and responsible supplier of battery minerals to theelectrification marketplace. BMR is currently pursuing a near-termresumption of operations of the Punitaqui Mining Complex, a pastcopper-gold producer, in the Coquimbo region of Chile. BMR is thelargest mineral claim holder in the historic Gowganda Cobalt-SilverCamp in Ontario, Canada, and continues to pursue a focused program tobuild on the recently announced, +1-million-pound high-grade cobaltresource at McAra. In addition, Battery Mineral owns 100% of ESIEnergy Services, Inc. (including ESI’s wholly owned USA operatingsubsidiary, Ozzie’s, Inc.), a profitable mainline pipeline andrenewable energy equipment rental and sales company with operations inAlberta, Canada and Arizona, USA. Battery Mineral Resources is basedin Canada and its shares are listed on the Toronto Venture Exchangeunder the symbol “BMR” and on the OTCQB under the symbol“BTRMF”. Further information about BMR and its projects can befound on www.bmrcorp.com .
For more information,please contact:
Martin Kostuik, CEO
Phone: +1 (604) 229 3830
CorporateCommunications
IBN(InvestorBrandNetwork)
310.299.1717Office
editor@investorbrandnetwork.com
Twitter:
Neither the TSXV nor its Regulation ServicesProvider (as that term is defined in the policies of the TSXV) acceptsresponsibility for the adequacy or accuracy of this press release.
Forward Looking Statements:
This news releaseincludes certain “forward-looking statements” under applicableCanadian securities legislation. There can be no assurance that suchstatements will prove to be accurate, and actual results and futureevents could differ materially from those anticipated in suchstatements. Forward-looking statements reflect the beliefs, opinionsand projections of the Company on the date the statements are made andare based upon a number of assumptions and estimates that, whileconsidered reasonable by the Company, are inherently subject tosignificant business, economic, competitive, political and socialuncertainties and contingencies. Many factors, both known and unknown,could cause actual results, performance, or achievements to bematerially different from the results, performance or achievementsthat are or may be expressed or implied by such forward-lookingstatements and the parties have made assumptions and estimates basedon or related to many of these factors. Such factors include, withoutlimitation, the ability of the Company to obtain sufficient financingto complete exploration and development activities, the ability of theCompany to secure the Advances under the Loan Agreement, timing of thecompletion of the Company’s audit, risks related to share price andmarket conditions, the inherent risks involved in the mining,exploration and development of mineral properties, the ability of theCompany to meet its anticipated development schedule, governmentregulation and fluctuating metal prices. Accordingly, readers shouldnot place undue reliance on forward-looking statements. Batteryundertakes no obligation to update publicly or otherwise revise anyforward-looking statements contained herein, whether as a result ofnew information or future events or otherwise, except as may berequired by law.
Contact Details
Martin Kostuik,CEO
+1 604-229-3830
CompanyWebsite
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