Battery Mineral Resources (TSX.V: BMR) (OTCQB: BTRMF), a battery minerals company providing shareholders exposure to the global megatrend of electrification, has received advancement of a $750,000 loan by Weston Energy II LLC. The company announced the additional funding, noting that the proceeds will be used for operations at its Chile-based Punitaqui Project. Weston Energy II is a portfolio company operated by Yorktown Partners LLC and is an existing shareholder of the company. According to the announcement, the unsecured loan matures on Sept. 24, 2024, and accrues interest at a rate per annum equal to 8%.
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About Battery Mineral Resources Corp.
Battery Mineral Resources has a mission to build a mid-tier copper producer. The company recently initiated mine and mill operations at the Punitaqui Mining Complex, a historic copper-gold-silver producer in the Coquimbo region of Chile. Battery Mineral Resources is unique because it leverages the inherent value from its 100% owned subsidiary, ESI Energy Services Inc., a renewable-energy-equipment rental and sales company. Battery Mineral Resources’ portfolio also consists of two cobalt assets and one lithium asset located in North America and two graphite assets in South Korea. The company is focused on providing shareholders accretive exposure to copper and the global megatrend of electrification while being focused on growth through cash flow, exploration and acquisitions in favorable mining jurisdictions. For more information about the company, visit www.BMRCorp.com.
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