BMR - Battery Mineral Resources Corp. Announces Closing of the Second Drawdown of Credit Facility with Fiera Enhanced Private Debt Fund
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Battery MineralResources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF )(“ Battery ” or “ BMR ” or the “ Company ”)is pleased to announce that its wholly-owned subsidiary, ESI EnergyServices Inc. (“ESI”), has completed its second and final drawdownof C$3,000,000 under a Credit Agreement (the “Credit Agreement”)with Fiera Enhanced Private Debt Fund (“Fiera”). The terms of theCredit Agreement were disclosed in the Company press release dated, March11th, 2024 .
Max Satel, Battery’s CFO stated, “We are pleased to haveclosed the second and final drawdown of the financing with Fiera.Battery Minerals is continuing to ramp up copper concentrateproduction and to further enhance operations at our Punitaqui MiningComplex, which will advance us towards our mission of building amid-tier copper producer."
About Battery Mineral Resources Corp.
Battery MineralResources’ mission is to build a mid-tier copper producer and it hasrecently initiated mine and mill operations at the Punitaqui MiningComplex, a historic copper-gold-silver producer, in the Coquimboregion of Chile. Battery Mineral Resources is unique because itleverages the inherent value from its 100% owned subsidiary, ESIEnergy Services Inc., a renewable energy equipment rental and salescompany. Battery Mineral Resources’ portfolio also consists of twocobalt assets and one graphite asset located in North America, SouthAmerica and South Korea. The Company is focused on providingshareholders accretive exposure to copper and the global mega-trend ofelectrification while being focused on growth through cash-flow,exploration, and acquisitions in favorable mining jurisdictions.
Neither the TSX VentureExchange (the “TSXV”) nor its Regulation Services Provider (asthat term is defined in the policies of the TSXV) acceptsresponsibility for the adequacy or accuracy of this pressrelease
ForwardLooking Statements
This newsrelease includes certain “forward-looking statements” underapplicable securities laws. 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 intended use of the proceeds of the draws under theCredit Agreement, risks related to share price and market conditions,the inherent risks involved in the mining, exploration and developmentof mineral properties, the ability of the Company to meet itsanticipated development schedule, government regulation andfluctuating metal prices. Accordingly, readers should not place unduereliance on forward-looking statements. Battery undertakes noobligation to update publicly or otherwise revise any forward-lookingstatements contained herein, whether as a result of new information orfuture events or otherwise, except as may be required by law. Forfurther information regarding the risks please refer to the riskfactors discussed in Battery’s most recent Management Discussion andAnalysis filed on SEDAR+.
ContactDetails
Battery Mineral Resources Corp.
MartinKostuik, CEO
+1 604-229-3830
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