Battery Mineral arranges minimum $10M private placement

Executive Summary

• Battery Mineral Resources Corp. announced a non-brokered private placement offering under the Listed Issuer Financing Exemption (LIFE) with minimum gross proceeds of $10 million and maximum gross proceeds of $25 million.
• The offering involves the sale of a minimum of 50 million and a maximum of 125 million common shares at a price of $0.20 per share.
• Net proceeds are intended to advance processing plant operations and planned underground development at the Punitaqui mining complex in Chile, as well as for general working capital.

Key Details

• Offering Structure: Non-brokered private placement pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 and Coordinated Blanket Order 45-935.
• Share Price: $0.20 per share.
• Quantity: Minimum 50,000,000 shares; Maximum 125,000,000 shares.
• Gross Proceeds: Minimum $10,000,000; Maximum $25,000,000.
• Use of Proceeds: Advancing processing plant operations and planned underground development at the Punitaqui mining complex (Coquimbo region, Chile) and general working capital.
• Closing Date: Expected on or about February 20, 2026.
• Regulatory Conditions: Subject to necessary regulatory approvals, including TSX Venture Exchange (TSX-V) approval.
• Jurisdiction: Offered to purchasers in all Canadian provinces and territories except Quebec (expected to be immediately freely tradable with no hold period) and in the United States via private placement exemptions.
• Finder’s Fees: The company may pay finders' fees to eligible finders, subject to securities laws and TSX-V policies.
• Relation to Previous Offering: This offering is separate from and does not amend or replace the previously announced non-brokered private placement of up to 174,430,850 shares at $0.20 per share (announced Jan. 7, 2026); the company continues to pursue completion of that prior offering.

Notable Quotes

• No direct quotes from management were included in the provided text.