Battery Mineral Resources Corp. Announces Non-Brokered Private Placement

Executive Summary

• Battery Mineral Resources Corp. announced a non‑brokered private placement of 174,430,850 common shares at C$0.20 (US$0.145) per share.
• The offering is expected to generate gross proceeds of approximately C$34.9 million (US$25.3 million).
• Net proceeds will be used for general working capital purposes, subject to regulatory approvals and a four‑month hold period on the shares.

Key Details

• Offering Size: 174,430,850 common shares.
• Price per Share: C$0.20 (US$0.145).
• Gross Proceeds: Approximately C$34,886,170 (US$25,300,000).
• Use of Proceeds: General working capital.
• Placement Type: Non‑brokered private placement; no finder's fees payable.
• Regulatory Conditions: Completion subject to receipt of all necessary regulatory approvals, including acceptance by the TSX Venture Exchange.
• Share Restrictions: All securities issued will be subject to a four‑month hold period from issuance under Canadian securities laws and any applicable restrictions in other jurisdictions.
• U.S. Offering Disclaimer: Shares are not registered under the U.S. Securities Act and may not be offered or sold in the United States absent an exemption.

Notable Quotes

• Lazaros Nikeas, CEO: “The net proceeds of this private placement will provide us with the liquidity needed to advance our growth initiatives and support ongoing operations.”