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Battery Mineral Resources Corp. reports company developments tied to copper operations in Chile and mineral exploration in North America. Its recurring updates cover the Punitaqui Mining Complex in Chile, including underground mining activity, copper concentrate production, and operating improvements at assets such as Cinabrio, San Andrés, Cinabrio Norte, Dalmacia, and the Los Mantos concentrate facility.
News for BTRMF also includes Ontario silver-cobalt and gold exploration work at projects such as McAra, Gowganda, Shining Tree, and Wilder, along with asset transactions, labor agreements through Minera BMR Spa, executive appointments, material agreements, capital-structure matters, shareholder voting items, and operating and financial results.
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.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) has announced encouraging drill results from its 2024 underground exploration program at the Punitaqui copper mine in Chile. The company recently resumed mill operations and copper concentrate production at Punitaqui. Key highlights from the Cinabrio mine drilling include:
- CM-24-01: 3.0m at 2.0% total copper and 2.3g/t silver
- CM-24-02: 5.7m at 1.6% total copper and 0.5g/t silver
- CM-24-03: 5.6m at 0.9% total copper and 0.3g/t silver
These results confirm modeled copper grades and better delineate mineralization extent. The drilling program aims to confirm and expand resources along strike and at depth. Assay results for 14 additional Cinabrio drillholes are pending.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) has announced its first shipments of copper concentrates to Anglo American PLC's Chagres smelter in Chile. The company supplied 503.74 dry metric tonnes (DMT) of copper concentrates, containing 25.98% copper, equating to approximately 288,500 pounds of copper in concentrate.
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 copper concentrates were produced at BMR's Punitaqui copper flotation plant from copper smelting by-products supplied by Anglo American. This milestone marks a significant step towards positive cash flow and BMR's goal of becoming a mid-tier copper producer.
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Battery Mineral Resources (OTCQB-BTRMF), headquartered in Canada, will have its CEO Martin Kostuik present live at VirtualInvestorConferences.com on December 8th, 2021, at 12:30 PM EST. The event will be interactive, allowing investors to engage with the company in real-time. Additionally, the company recently announced promising initial copper results from the Punitaqui Mine in Chile, including drill results showing up to 12 meters grading 1.79% copper.
Investors are encouraged to pre-register and run a system check to participate smoothly.