BULLETIN V2025-2393
BATTERY MINERAL RESOURCES CORP. ("BMR")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: August 8, 2025
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a disposition of (i) an agreement with a non-arm's length party ("Party A") pursuant to which the Company sold a 0.484% GRR on the Punitaqui copper mine in Chile (the "Property") in exchange for extinguishing all amounts (including accrued and outstanding interest) owing by the Company to Party A pursuant to the promissory note issued by the Company to Party A being an aggregate of USD $1,584,333, and (ii) an agreement with a non-arm's length party ("Party B") pursuant to which the Company sold a 0.3392% GRR on the Property in exchange for extinguishing an amount equal to USD $1,110,388 out of the amount owing by Minera BMR Spa, a wholly owned subsidiary of the Company, to Party B pursuant to the promissory note issued by Minera to Party B.
In addition to the ores produced from the Property, the royalties will apply to any third-party ore or other materials processed through the Punitaqui mill from the effective date of the definitive agreement to Dec. 31, 2027.
The Company will have the right to buy back the royalties sold for (i) in relation to the royalty granted to Party A, a cash payment of USD $1,935,829 from the date on which the Company will have made royalty payments to Party A in excess of CDN $2,581,105; and (ii) in relation to the royalty granted to Party B, a cash payment of USD $1,356,735 from the date on which the Company will have made royalty payments to Party B in excess of CDN $1,808,980.
For further details, please refer to the Company's news release dated July 9, 2025.
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