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Press Release - MINING.COM


Tuesday, July 13, 2021 7:59 PM PDT
Vancouver, British Columbia (Newsfile Corp. - July 13, 2021) - Battery Mineral Resources Corp. (TSXV: BMR) (
Battery or the
Company ) is pleased to announce that it has completed the second and final tranche of its previously announced private placement (the
Private Placement ). On completion of the second tranche, the Company issued 1,538,462 common shares shares for additional proceeds of US$800,000, for aggregate gross proceeds of US$11.1 million and C$800,000.
As previously disclosed, Battery used a portion of the proceeds of the Private Placement to partially finance the acquisition from Minera Altos de Punitaqui Limitada (
MAP ), a wholly-owned subsidiary of Xiana Mining Inc. ( ....

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Battery Mineral Resources Corp. Updates Announcement to Acquire Punitaqui Copper-Gold Mine and Concurrent Financing of up to C$15,000,000


Battery Mineral Resources Corp. Updates Announcement to Acquire Punitaqui Copper-Gold Mine and Concurrent Financing of up to C$15,000,000
Battery or the
Company ) 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 (the
Punitaqui Acquisition ), is entering its final stages.
As previously announced (see press release March 8, 2021), the Company, and its wholly-owned subsidiary Minera BMR SpA, has entered into an agreement with Minera Altos de Punitaqui Limitada (
MAP ), a wholly-owned subsidiary of Xiana Mining Inc. (
Xiana ), to acquire the Punitaqui mining complex, a copper-gold mine located in the Coquimbo region of Chile. In connection with the Punitaqui Acquisition, the Company will acquire from Bluequest Resources AG ( ....

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Investegate |URU Metals Limited Announcements | URU Metals Limited: Potential disposal of Zebediela Project


Potential disposal of Zebediela Project
URU Metals Limited ( URU or Company ) (LON: URU) has entered into a letter of intent, dated 7 January 2021, with Blue Rhino Capital Corp, a company listed on the TSX Venture Exchange ( TSX-V ) (TSX-V: RHNO.P) ( BRC ) whereby BRC proposes to acquire all of the issued and outstanding share capital of Zebediela Nickel Company (Pty) Ltd. ( ZEB ), which controls the Company s Zebediela Nickel Project in South Africa (the Project ).
Transaction Summary
Pursuant to the terms of the Transaction, it is contemplated that BRC will consolidate its share capital on a 2.3-for-1 basis (the Consolidation ), following which it will issue 41,000,000 post-Consolidation common shares (the Consideration Shares ) to URU in consideration for all of the outstanding share capital of ZEB.  BRC will also assume all ongoing liabilities and obligations of ZEB, which will include a 2.5% royalty on all revenue generated from the P ....

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