Battery Mineral Resources Corp. is pleased to announce exploration results from its 100% owned Bonanza Project within the Idaho Cobalt Belt. Sample Results Battery collected 92 continuous chip samples following mineralization exposed in one of three underground workings testing mineralization along a 2km strike. Sampling intercepted the following: 2 meter channel assaying 2.58 percent cobalt , 2.7 percent copper , and [...]
Battery Mineral Resources Corp. is pleased to announce that it has completed a transaction for 58 unpatented federal mining claims from International Cobalt Corp. that make up part of the Bonanza Project, located within the Idaho Cobalt Belt, Idaho. Battery now controls 100% of the Bonanza Project area, with 288 contiguous claims covering 2,440 hectares. Background The Bonanza Project encloses an area of widespread cobalt [...]
Battery Mineral Resources is pleased to announce its wholly-owned Chilean subsidiary Minera BMR SpA has completed its previously announced acquisition from Minera Altos de Punitaqui Limitada, a wholly-owned subsidiary of Xiana Mining, of the Punitaqui Mining Complex, a recently producing copper-gold mine located in the Coquimbo region of Chile. Concurrent with the completion of the Punitaqui Acquisition, the Company [...]
Battery Mineral Resources Corp. is pleased to announce that it has completed its acquisition of ESI Energy Services Inc. concurrent with the completion of ESI's previously announced going private transaction. The result is that Battery, which owned 89.2% of the ESI common shares before the share consolidation, now owns 100% of the ESI common shares. ESI has applied to the Canadian Securities Exchange to delist its common [...]
Battery Mineral Resources Corp. completed the design and commenced a diamond drill exploration program at the historic cobalt-silver producing Mapes-Johnston target on its 100% owned Elk Lake property. Drilling commenced mid-May and is expected to conclude in early June. Highlights The Mapes target, on the Company's Elk Lake property, is a highly prospective exploration target because of historic production of cobalt and [...]
Battery Mineral Resources Corp. is pleased to announce that it has closed the book on its previously announced concurrent private placement financing to acquire the Punitaqui Mining Complex, a prior-producing copper-gold mine located in the Coquimbo region of Chile . EAS Advisors, LLC, acting through Odeon Capital Group LLC, member of FINRA/SIPC/MSRB/NFA, acted as the Company's placement agent for the private placement [...]
Battery Mineral Resources Corp. is pleased to provide an update of bedrock stripping and metallurgical sampling of the high-grade cobalt -silver breccia vein material that form the McAra mineral resource . Highlights An excavator trenching and bedrock stripping program exposed the McAra cobalt-silver mineralized zone at surface; A 202 kilogram bulk sample was sent to Dundee Sustainable Technologies for assay and a [...]
Battery Mineral Resources Corp. is pleased to announce that drilling intercepted 4 main cobalt mineralized structures on the recently completed and initial diamond drill program at the White Reserve Project located about 120 kilometres northeast of Sudbury and 30 kilometers southwest of town of Elk Lake. Highlights: 17 drillholes completed for 1,838 meters ; Targets identified from recent three-dimensional model of [...]
Battery Mineral Resources Corp. is pleased to announce that its previously announced concurrent financing and agreement to acquire the Punitaqui Mining Complex, a copper-gold mine located in the Coquimbo region of Chile , is entering its final stages. As previously announced , the Company, and its wholly-owned subsidiary Minera BMR SpA, has entered into an agreement with Minera Altos de Punitaqui Limitada , a wholly-owned [...]
Battery Mineral Resources Corp. announces that it has commenced a grid-based three dimensional distributed induced polarization survey on the Gowganda East target as a precursor to final target selection for the forthcoming core drill program of up to 2,000 meters. Highlights This 3D IP geophysical survey is targeting the east limb of the Nipissing diabase sill which remains largely unexplored despite its geological [...]
Battery Mineral Resources Corp. announces that it has granted to certain officers and directors of the Corporation an aggregate of 5,000,000 options to acquire common shares of the Corporation . The Options have an exercise price of $0.85 per share, have an eight-year term from the date of grant, and vest annually in equal thirds beginning on the first anniversary of the date of grant." About Battery Mineral Resources [...]
Battery Mineral Resources Corp. is pleased to announce that it has successfully defined a cobalt mineral resource of over 1 million pounds for the McAra Cobalt deposit. The McAra Cobalt mineral resource is located 150 km northeast of Sudbury, Ontario and is the first new cobalt dominant mineral resource delineated in the region in the past 50 years. The resource is hosted in the Cobalt Embayment . The Cobalt Embayment [...]