Battery Mineral Resources (TSX.V: BMR) (OTCQB: BTRMF) (“BMR”) in October announced it had filed a technical report for its NI 43-101 resource estimate at Punitaqui on SEDAR. The report was authored by JDS Mining and Energy Inc. (“JDS”). “We are extremely pleased to have completed the very comprehensive Punitaqui Technical Report. This report encompasses four different deposits, including Cinabrio, which is the deposit that was the main source of ore for the Punitaqui copper concentrator for the nine plus years of operating history. We are very encouraged with the results of our drilling program but also encouraged by the opportunity we have to continue adding resources in not only all four deposits but throughout our significant land package of 8,693 hectares. In addition, the report displays the large amount of work including engineering, permitting and metallurgy, which has been focused on both de-risking and uncovering opportunities at this very promising project. Work is nearing completion to apply best practices to these new resources with the intention of arriving at sound conclusions regarding project economics and mine life. It is the full intention to use these conclusions to obtain the remainder of funding required for the recommencing of mine operations this year, followed closely by copper concentrate production at the Punitaqui mill. On behalf of the board of directors of the company, I’d like to thank the people at JDS as well as our team in Chile for their hard work in accomplishing this major milestone for the company.”
In addition, Battery Mineral Resources in December provided a summary of the highlights of its accomplishments in 2022. BMR described a transformational year and reported several highlights, including the funding and completion of a very successful Punitaqui resource drill program, significant strengthening of its management and board, greatly advancing its permitting and having secured important milestones in the process. The company views its accomplishments as a strong base to allow further progression towards cash flowing in the near term.
About Battery Mineral Resources Corp.
Battery Mineral Resources is a battery minerals company providing shareholders exposure to the global megatrend of electrification while being focused on growth through cash flow, exploration and acquisitions in favorable mining jurisdictions. Battery Mineral’s mission is the discovery, acquisition and development of battery metals (namely cobalt, lithium, graphite and copper) in North America, South America and South Korea, and to become a premier and responsible supplier of battery minerals to the electrification marketplace. BMR is currently pursuing a near-term resumption of operations of the Punitaqui Mining Complex, a past copper-gold producer in the Coquimbo region of Chile. BMR is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp in Ontario, Canada, and continues to pursue a focused program to build on the recently announced, 1-million-pound-plus high-grade cobalt resource at McAra. In addition, Battery Mineral owns 100% of ESI Energy Services Inc., a profitable mainline pipeline and renewable energy equipment rental and sales company with operations in Alberta, Canada, and Arizona, USA. Battery Minerals Resources is based in Canada and its shares are listed on the Toronto Venture Exchange under the symbol BMR and on the OTCQB under the symbol BTRMF. For more information about the company, visit www.BMRCorp.com.
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