The company announced the closing of the final tranche of its non-brokered private placement, originally launched on April 15, 2026. Under this closing the issuer issued 8,542,030 common shares at a price of $0.20 per share, producing gross proceeds of $1,708,406. Earlier closings included a first tranche on April 22, 2026 that generated $451,647 and a second tranche on May 7, 2026 that produced $600,000. The aggregate result of the Offering is 13,800,265 shares sold for $2,760,053 in gross proceeds.
Structure and regulatory profile of the offering
The issued securities were placed under the Listed Issuer Financing Exemption pursuant to Part 5A of National Instrument 45-106 – Prospectus Exemptions (NI 45-106), with further reliance on Coordinated Blanket Order 45-935 that modifies certain conditions of the LIFE Exemption. Because of this treatment, the newly issued shares are not subject to resale restrictions under applicable Canadian securities laws. In parallel, the Offering was completed in the United States by way of private placement relying on exemptions from registration under the United States Securities Act of 1933. For U.S. purchasers the securities are treated as restricted securities under the U.S. Securities Act and are subject to applicable limitations.
Use of proceeds and project focus
Proceeds from the Offering will be allocated to advance operations at the company’s Punitaqui Mining Complex in Chile’s Coquimbo region. Specifically, the funds are earmarked for processing plant operations and the company’s planned underground development at Punitaqui, alongside general working capital needs. The company’s detailed intentions for the use of funds are available in the Offering document dated April 15, 2026, which is accessible under the company profile on SEDAR+.
Strategic rationale
Management frames this financing as a means to accelerate near-term production and strengthen the balance sheet to support growth through operations, exploration and potential acquisitions. The transaction aligns with the company’s stated aim to provide shareholders with exposure to copper amid global electrification trends while developing cash-flow-generating assets. The capital raise therefore underpins both operational continuity at Punitaqui and exploratory or corporate initiatives in jurisdictions the company considers favorable.
Fees, compliance and distribution restrictions
In connection with the final tranche closing the company paid a finder’s fee of $78,024 to an arm’s length third party in accordance with applicable securities laws and policies of the TSX Venture Exchange (TSXV). The securities issued in the Offering have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption. This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such a transaction would be unlawful.
Access to documentation and investor information
More comprehensive information about the Offering, including the offering document dated April 15, 2026, is filed on SEDAR+ and can be reviewed under the company’s profile. Investors interested in the company’s projects and corporate structure can also consult the company website for project details and the corporate overview. Contact details for investor enquiries were provided for further follow-up.
Company profile and forward-looking statements
Battery Mineral Resources operates the historic Punitaqui Mine, a producer of copper, gold and silver in Chile’s Coquimbo region, and holds other assets including a wholly owned energy services subsidiary and North American exploration properties. The company emphasizes growth through production, exploration and acquisitions. This release contains forward-looking statements about the company’s plans and expectations; such statements are subject to risks and uncertainties that could cause actual results to differ materially. The company noted assumptions underlying those expectations and cautioned readers not to place undue reliance on forward-looking information, stating it will update such information only as required by applicable securities laws.
For additional inquiries, the release lists contact information for the CEO and corporate communications, and reiterates that the TSXV and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of this press release. The company also disclosed that the news release is not intended for distribution via U.S. newswire services or dissemination in the United States.