Welcome to our dedicated page for Battery Mineral news (Ticker: BTRMF), a resource for investors and traders seeking the latest updates and insights on Battery Mineral stock.
Battery Mineral Resources Corp (BTRMF) operates a modern copper production hub at Chile's Punitaqui Mining Complex while maintaining strategic cobalt, lithium, and graphite assets. This news center provides investors with essential updates on operational milestones, exploration programs, and corporate developments.
Access timely reports on copper concentrate production volumes, drilling campaign results from Cinabrio and San Andres deposits, and financial performance metrics. Our curated collection includes official press releases covering plant optimization efforts, renewable energy integration through ESI Energy Services, and quality control protocol enhancements.
Key updates span three operational focus areas: mine production efficiencies at Punitaqui, strategic partnerships in mineral processing, and progress across North American battery metal projects. Bookmark this page for direct access to verified information about resource expansion initiatives and compliance with international mining standards.
Battery Mineral Resources Corp. (TSXV: BMR) has announced encouraging drill results from its 2024 underground exploration program at the Punitaqui copper mine in Chile. The program, consisting of 248.3 meters of diamond core drilling across 7 drillholes, revealed significant copper and silver mineralization.
Key findings include intercepts of up to 19.8m at 2.3% copper and 26.4g/t silver (SAM-24-10) and 21.9m at 1.2% copper and 15.4g/t silver (SAM-24-11). The drilling confirmed copper grades in the current geological model and better delineated mineralization extent in the upper and lower shale units.
The program discovered a fault offset of the lower shale, representing a new exploration target. These results will be integrated into three-dimensional geology and resource models to update stope designs and optimize mining plans.
Battery Mineral Resources (BTRMF) announced continued production and shipment of copper concentrates from its Punitaqui facility in Chile. The company delivered 2,755 dry metric tonnes (DMT) of copper concentrates during September-November 2024, with 1,131 DMT delivered to Anglo American Sur's Chagres smelter and 1,624 DMT from Punitaqui mine operations sold to Ocean Partners Chile SpA.
The concentrates contained an average of 22.33% copper, representing approximately 1,235,000 pounds of copper. Since May 2024, the company has shipped 5,661 DMT, totaling over 2,783,565 pounds of copper in concentrate. BMR aims to reach 1,400 DMT monthly in the near term and increase to 2,800 DMT monthly by second half of 2025.
Battery Mineral Resources (TSXV: BMR) (OTCQB: BTRMF) has received a C$3,050,000 cash payment as part of a royalty financing agreement with Electric Royalties. The deal involves granting a 0.75% Gross Revenue Royalty on BMR's producing Punitaqui copper mine in Chile for total cash consideration of C$3,500,000. The remaining C$450,000 will be paid within 45 days of closing to Minera BMR SpA, the company's Chilean subsidiary. The funding will support progress towards full production at the Punitaqui mine.
Electric Royalties (TSXV:ELEC, OTCQB:ELECF) has received C$3,050,000 from Gleason & Sons to acquire a 0.75% gross revenue royalty on the producing Punitaqui copper project in Chile. This transaction, pending TSX Venture Exchange approval, expands Electric Royalties' portfolio to 41 royalties and 29 optioned properties. The funding comes from a C$10 million debt facility with SOFR plus 7% interest rate (max 12.5%), maturing January 2028. The company aims to achieve cash flow positivity in 2025 through this acquisition and potential production from four other royalties. The loan is convertible to common shares at minimum C$0.50 per share.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) has secured additional financing through two loans: a US$567,000 loan from director Lazaros Nikeas on September 25, 2024, and a US$2,500,000 loan from Weston Energy III, on October 9, 2024. The Weston III loan, maturing on December 5, 2024, with an 8% annual interest rate, will be used for operations at the Punitaqui copper project in Chile and general corporate purposes. It was also used to repay the Nikeas loan in full.
These loans are considered related party transactions under MI 61-101 but are exempt from formal valuation and minority shareholder approval requirements. The additional funds will support BMR's efforts to increase copper concentrate production and optimize operations at the Punitaqui Mining Complex.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) has announced encouraging drill results from its 2024 underground exploration and in-fill drill program at the Cinabrio mine in Chile. Highlights include:
- CM-24-15: 10.2m grading 2.6% CuT & 10.5g/t Ag
- CM-24-16: 10.8m grading 2.5% CuT & 9.7g/t Ag
- CM-24-06: 3.9m grading 1.9% CuT & 5.3g/t Ag
The drilling confirmed copper grades and better delineated mineralization in the lower shale unit and footwall andesite. The program, consisting of 10 drillholes totaling 389.9 meters, targeted Level 135 scheduled production areas. Results have been added to 3D geology and resource models to update mine designs and optimize schedules.
VP Exploration Peter Doyle stated, "These new promising copper intercepts confirm copper grades and enhance our understanding of the current geological model."
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) has announced encouraging drill core assay results from its 2024 underground exploration and in-fill drill program at the Punitaqui mine complex in Chile. Highlights include:
- CM-24-11: 18.3m grading 2.6% copper total (CuT) and 11 g/t silver (Ag)
- CM-24-13: 23.1m at 2.0% CuT & 14g/t Ag
The drilling program aims to confirm and expand resources at the Cinabrio mine. Results have been added to 3D models for updating mine designs and optimizing schedules. The ongoing program demonstrates the potential of the Cinabrio mine and focuses on upgrading Inferred Resources to higher categories.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) announced its third shipment of copper concentrates from its Punitaqui facility in Chile. In August, the company supplied 1,198 dry metric tonnes (DMT) of copper concentrates, with 351 DMT delivered to Anglo's Chagres smelter and 847 DMT from Punitaqui mine operations sold to Ocean Partners Chile SpA. The concentrates contained a weighted average of 23.91% copper, totaling approximately 631,400 pounds of copper.
Since May, BMR has shipped 2,453 DMT, containing over 1,326,000 pounds of copper in concentrate. The company aims to reach 2,800 DMT of monthly production by year-end. Additionally, BMR entered a five-month agreement with Minera CEMIN to purchase 5,000 tonnes of sulphide copper mill feed monthly, enhancing production while Punitaqui mines ramp up.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) has secured a US$750,000 loan from Weston Energy II , an existing shareholder. The loan, maturing on September 24, 2024, carries an 8% annual interest rate and is unsecured. Proceeds will support operations at BMR's Punitaqui copper project in Chile. The transaction is subject to TSX Venture Exchange approval and is exempt from formal valuation and minority shareholder approval requirements under MI 61-101. Weston II and affiliates currently control approximately 59.44% of BMR's common shares on an undiluted basis and 70.94% on a fully diluted basis.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) has announced its second shipment of copper concentrates to Anglo American Sur S.A. The company delivered 751.65 dry metric tonnes (DMT) of copper concentrates to Anglo's Chagres smelter in Chile, containing 24.22% copper, or approximately 410,348 pounds of copper in concentrate.
BMR's CEO, Martin Kostuik, stated that this shipment marks progress towards positive cash flow and the company's goal of becoming a mid-tier copper producer. The company's July production totaled 1,255 DMT of copper concentrate delivered for smelting. BMR aims to increase production to 1,400 DMT per month in the near term and up to 2,800 DMT per month by year-end.
The company initiated copper concentrate production on May 13th, 2024, after commissioning its upgraded Punitaqui mineral processing facility. Mining activities are focused on the Cinabrio and San Andres mines, with both providing increasing amounts of mill feed stockpiles.
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