Battery Mineral Resources Corp. awards key contracts for drilling program and restart plan at Punitaqui mine in Chile

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Vancouver, British Columbia – (Newsfile Corp. – July 7, 2021) – Battery Mineral Resources Corp. (TSXV: BMR) (“Battery“or the”Company“) is pleased to announce that its wholly owned subsidiary Minera BMR Chile has awarded the three key contracts to support the execution of the Punitaqui mine drilling program and technical report. JDS Energy and Mining Inc. (” JDS “) was appointed as the author of the technical report for the Punitaqui mine and is responsible for supervising the study – the conclusion of which will be the basis of the decision to proceed with a restart of production for the Punitaqui copper-gold mine . in about six to eight months.

JDS has a proven track record of providing customers with tailored solutions and added value and has earned a reputation for delivering and executing project plans on budget, on time and most importantly, safely. .

In addition, local company South Pacific Drilling SPA (“SPD”) has been awarded the exploration and fill drilling contract, which includes up to 6,000 meters of core and reverse circulation surface drilling. Knight Piesold (“KP”) had been selected to oversee the advancement of the tailings dam development plans, with detailed planning being carried out by RV Engineering Associates (“RVIA”), a local geotechnical company pioneering filtered tailings facilities. in Chile. . SPD, KP and RVIA have extensive experience in their core businesses and share a proven ability to perform well and safely under a variety of conditions.

These appointments establish a key step in the Company’s development strategy for the Punitaqui mine by employing solid expertise in engineering, exploration drilling, design and operation of permits and tailings ponds, in order to advance the mine project. Punitaqui mine towards a decision to restart production.

Company meeting

The company is also pleased to announce the hiring of Mr. Jacob Willoughby of Toronto for the newly created position of Vice President of Corporate Development and Strategy. Mr. Willoughby is a geologist with an MBA and has worked in the mining financial markets since 2004. He has over eight years of experience as a mining analyst covering base and precious metals, coal, uranium , fertilizers and rare metals while working in Toronto. Most recently, he was Vice President of Research and Analyst covering over 30 issuers at a mining brokerage in Toronto. Jacob also has experience as the president and director of a junior mining company that focuses on base metals with assets in Turkey and Papua New Guinea. Initially, he will focus on supporting the company’s aggressive growth strategy, engaging with current and potential shareholders, research analysts, investment bankers and consultants, while supporting the efforts of the CEO of the company, Martin Kostuik.

Commenting on these important developments, Mr. Kostuik said, “We are very pleased to have attracted these quality contractors and consultants to launch the progression of the Punitaqui copper-gold mine so soon after the private placement and acquisition. . As for Jacob’s appointment, we look forward to his energy and knowledge in support of the steps we take to assess the next steps in the company’s growth as we strive to become a supplier in the short term and leading battery metals in the market. “

About Battery Mineral Resources Corp.

Battery is a multi-product resource company that provides investors with exposure to the global trend in electrification. Battery is engaged in the discovery, acquisition and development of battery metals (cobalt, lithium, graphite, nickel and copper), in North and South America and South Korea with the intention of becoming a supplier of foreground and durable battery minerals for electrification. market. Battery is the largest holder of mining claims in the historic Gowganda Cobalt-Silver camp, Canada and continues to pursue a targeted program to build on the +1 million pound cobalt resources recently announced at McAra by testing more of 50 high grade primary cobalt-silver. nickel-copper targets. In addition, Battery owns 100% of ESI Energy Services, Inc., a pipeline equipment rental and sales company based in Leduc, Alberta, and Phoenix, Arizona. Finally, Battery is currently developing the Punitaqui mining complex and pursuing the potential short-term resumption of operations at the former Punitaqui copper-gold mine. The Punitaqui copper-gold mine recently produced approximately 21,000 tonnes of copper concentrate in 2019 and is located in the Coquimbo region of Chile.

For more information, please contact:

Battery Mineral Resources Corp.
Martin kostuik
Telephone: +1 (604) 229 3830
Email: [email protected]

Further information

Scientific and technical information relating to the cobalt resource at McAra was taken from the Company’s National Instrument 43-101 “Technical Report on Cobalt Exploration Assets in Canada” dated May 26, 2020 with an entry date. effective March 31, 2020, prepared by Glen Cole (P. Geo) of SRK Consulting (Canada) Inc.

The securities offered under the private placement have not been and will not be registered under the US Securities Act of 1933, as amended (the “U.S. Securities Law“) or any US state securities law, and may not be offered or sold in the United States or to, or for or for the benefit of, persons of the United States in the absence of registration or any applicable exemption from the registration requirements of the US Securities Act and applicable US state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. in the United States, and there will be no sale of such securities in any jurisdiction in which such offering, solicitation or sale would be illegal.

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Forward-looking statements

This press release includes certain “forward-looking statements” under applicable Canadian securities laws. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date they are made and are based on a number of assumptions and estimates which, while considered reasonable by the Company, are inherently subject to significant commercial, economic and competitive conditions. , uncertainties and political and social contingencies. Many factors, known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements which are or may be expressed or implied by these forward-looking statements and the parties have made assumptions. and estimates. based on or related to more than one of these factors. These factors include, without limitation, the Company’s ability to obtain sufficient financing to carry out exploration and development activities, risks associated with share prices and market conditions, risks inherent in mining, exploration and development, government regulations and fluctuating metal prices. Therefore, readers should not place undue reliance on forward-looking statements. Battery assumes no obligation to publicly update or revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as required by law.

DO NOT DISTRIBUTE TO UNITED STATES INFORMATION SERVICES OR FOR DISTRIBUTION, PUBLICATION, DISTRIBUTION OR BROADCASTING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES OR TO THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89704


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