BMR:CC - Battery Mineral Resources Corp. Announces Community and Social Initiatives at the Punitaqui Project in Chile
(NewsDirect)
Battery MineralResources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF )(“ Battery ” or “ BMR ” or the “ Company ”)is very pleased to announce that it has completed agreements with theComunidad Agricola Potrerillos Alto (“ PotrerillosCommunity ”) and the Comunidad Agricola Punitaqui(“ Punitaqui Community ”).
The Potrerillos Community is nearest in proximityto BMR’s Cinabrio mine assets and the agreement will allow forsurface exploration consisting of a ground magnetic survey, geologicalmapping, and sampling to identify potential new targets on grounds forwhich the Potrerillos Community has surface rights to. The agreementgives BMR personnel and its contractors the permission to access andconduct agreed upon surface work. The agreement also allows BMR todrill the potential targets to be defined within the first stage ofexploration. These areas to be explored have not been previouslyexamined, and ground magnetic surveys have been successfully used inthe area as a first step to locating possible new targetmineralization. Battery will hire members of the PotrerillosCommunity to assist in these endeavours at market rates ofremuneration. BMR will now be able to follow up on any encouragingexploration results.
To support aid and improve the local community, BMR has alsoagreed to fund the construction of a water well for the people ofPotrerillos. The well will directly benefit the people of Potrerillosfor many years to come. Water sourced from this new well will besolely for members of the community for personal usage, replacing thecurrent situation of water being trucked in to supply their communitywater reservoir. This new well will not only increase the amount ofavailable water, but also lower the costs by eliminating the truckingof water that is currently taking place.
In addition to these new endeavours, BMR willcontinue to support the payment for the services of the individual incharge of the school nursery of the Cordillera de Potrerillos AltoSchool as it has been doing since September 2022.
BMR is in the process ofestablishing a community engagement and meeting office at thePunitaqui copper processing plant site to be staffed by individuals atthe expense of the Company. The office will allow for all persons inthe direct area of influence of our operations to liaise in-personwith Battery, at their convenience. The company hopes to have this newoffice in place in the coming weeks.
Other Agreements and Community Items
As previously reported,BMR has been working closely with Integratio Mediação Social eSustentabilidade (“ Integratio ”), a socio-environmentalmanagement, strategic relationship, and stakeholder engagementconsultant group operating for over 17 years and based in BeloHorizonte, Brazil. Integratio and BMR have jointly completed a policyand strategy report that includes guidelines and standards for futuresocial and community engagement and reporting. This policy is thefoundation for positive, proactive, and mutually beneficial engagementand partnership with the local communities.
In addition, the companyhas agreements in place with the Punitaqui Community for surface rightaccess to the Punitaqui copper processing plant and tailings areas andalso the Dalmacia copper deposit to the south. Further to thesesurface rights agreements, BMR has agreed to a specific schedule withthe municipality of Punitaqui regarding ore haulage from Cinabrio toPunitaqui copper processing plant. Out of an abundance of caution andfor the safety of all concerned, the company agreed to limit the orehaulage from the Cinabrio and San Andres deposits to our Punitaquicopper processing plant to certain hours of the day and evening, andto reduce the frequency of trucking prior to and after school hours tominimize traffic in the area. This agreement was accomplished incollaboration with both the Chilean Environment Assessment Service(“ SEA ”) and the people of the Punitaqui Community duringthe submission of the Company’s Environmental Impact Declaration(“ DIA ”).
Battery CEO Martin Kostuik states: “We are delighted tohave reached these mutually beneficial agreements with both thecommunities of Potrerillos and Punitaqui. The agreement with thecommunity of Potrerillos emphasises the strong regard we have for ourneighbours nearest the Cinabrio mine complex and our commitmenttoengage constructively with all the Company’s stakeholders. Thisagreement will also allow BMR to potentially discover new mineralizedareas on our claims near the Cinabrio mine complex. The agreement withthe Punitaqui Community is very important because it succinctlyaddresses their main concerns surrounding the re-start of operationsat Punitaqui. BMR strives to develop productive, ethical, andtransparent relationships with our surrounding communities, and weview it as our duty to our shareholders and communities to promotesustainable growth supported by safe, and socially responsiblebusiness practices while developing long-term resources. We lookforward to greatly advancing our relationships with the people ofPotrerillos and Punitaqui as we continue working diligently to restartour Punitaqui copper mine in the coming months of early 2023.”
Detailsof the Agreement with Potrerillos
To complete the geological tasks describedabove, the company will have a period of up to 12 weeks from thecommencement of work. In addition to the surface geological work to becompleted by BMR on the ground held by the Potrerillos Community, theCompany funding is specifically for the exclusive construction of awell for the collection of groundwater for the use of the PotrerillosCommunity. The construction and operation of the well will be at theexclusive expense and risk of the Potrerillos Community.
Upon completion of theexploration work described above, BMR shall identify an area ofinterest within the Potrerillos Community land, which will be thesubject of a possible lease for the purpose of continuing theexploration work. The Potrerillos Community shall assess the proposedarea and may exclude parts of the land selected by BMR, which shallaccept the exclusion of the areas designated by the Community. Oncethe surface area of interest has been agreed upon, the parties willsign a surface rights contract with a rental price per hectare, foreach year of lease. The lease term will allow for five years for BMRto carry out exploration work and rent will be paid monthly. At thetime of signing the lease, BMR will pay advance rent. This advancewill be deducted from the monthly rent resulting from applying thevalue of the annual rent by the final number of hectares that BMR willrequire. The Community will allocate the upfront payment to thepurchase of equipment for the water well referred to above.
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 Minerals 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
Mars InvestorRelations
Phone:+1 (604) 335-1976
Harbor AccessCorp.
Phone:475-477-9402
Neither the TSXV nor itsRegulation Services Provider (as that term is defined in the policiesof the TSXV) accepts responsibility for the adequacy or accuracy ofthis press release.
Forward LookingStatements:
This news release includes certain“forward-looking statements” under applicable Canadian securitieslegislation. There can be no assurance that such statements will proveto be accurate, and actual results and future events could differmaterially from those anticipated in such statements. Forward-lookingstatements reflect the beliefs, opinions and projections of theCompany on the date the statements are made and are based upon anumber of assumptions and estimates that, while considered reasonableby the Company, are inherently subject to significant business,economic, competitive, political and social uncertainties andcontingencies. Many factors, both known and unknown, could causeactual results, performance, or achievements to be materiallydifferent from the results, performance or achievements that are ormay be expressed or implied by such forward-looking statements and theparties have made assumptions and estimates based on or related tomany of these factors. Such factors include, without limitation, theability of the Company to obtain sufficient financing to completeexploration and development activities, the ability of the Company tosecure the Advances under the Loan Agreement, timing of the completionof the Company’s audit, risks related to share price and marketconditions, the inherent risks involved in the mining, exploration anddevelopment of mineral properties, the ability of the Company to meetits anticipated 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 bylaw.
Contact Details
Martin Kostuik, CEO
+1604-229-3830
CompanyWebsite
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