Sign In  |  Register  |  About Daly City  |  Contact Us

Daly City, CA
September 01, 2020 1:20pm
7-Day Forecast | Traffic
  • Search Hotels in Daly City

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Battery Mineral Resources Corp. (TSX.V: BMR) (OTCQB: BTRMF) Partners with Javelin Global Commodities with Critical Agreements

Battery Mineral Resources (TSX.V: BMR) (OTCQB: BTRMF), a battery minerals company providing shareholders exposure to the global megatrend of electrification, and its Chilean subsidiary, Minera BMR SpA, have announced key agreements with Javelin Global Commodities. According to the announcement, the company entered into a marketing agreement, a master purchase and sale agreement, and a copper concentrate prepayment and advance payment terms arrangement with Javelin. The agreements outline plans for Javelin to market the copper concentrate, gold, silver and other metals produced at the Punitaqui Plant located at the Punitaqui Mining Complex based on a $5 million copper concentrate prepayment along with an advance payment term arrangement totaling up to $20 million. “The consummation of these agreements with Javelin marks a very critical step in terms of placing the Punitaqui Mine into operational readiness and first concentrate production,” said Battery Mineral Resources CEO Martin Kostuik in the press release. “We welcome Javelin as a partner and look forward to leveraging their marketing prowess to maximize the value that the sale of copper concentrates will bring to BMR shareholders.”

BMR also announced the execution of an offtake agreement with Anglo American Sur. S.A., a division of Anglo-American PLC. According to the announcement, Anglo’s Chagres smelter in Chile has agreed to sell up to 240,000 dry metric tonnes of copper slags that will be processed into copper concentrates at BMR’s Punitaqui copper flotation plant. In addition, Anglo agreed to purchase all the copper concentrate produced from the copper slag supply. BMR plans to start the processing process in the next three months, subject to completing plant maintenance and upgrade activities. “We are extremely pleased to announce this agreement, which comes at a perfect time for BMR,” said Kostuik in the press release. “The agreement provides the company low-cost copper bearing material to be processed at our Punitaqui flotation plant while Battery begins commissioning of the plant. It allows BMR to generate cash flow from copper sales while the Cinabrio, San Andres and Dalmacia mines will be ramping up to reach full production.”

To view the full press releases, visit https://ibn.fm/QhE4W and https://ibn.fm/8bLB8

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 the state of Arizona. For more information about the company, visit www.BMRCorp.com.

NOTE TO INVESTORS: The latest news and updates relating to BTRMF are available in the company’s newsroom at https://ibn.fm/BTRMF

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 DalyCity.com & California Media Partners, LLC. All rights reserved.