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An announcement from Battery Mineral Resources ( (TSE:BMR) ) is now available.
Battery Mineral Resources Corp. announced the receipt of the final payment from Electric Royalties Ltd. as part of a royalty financing agreement, securing a total of C$3,500,000 by granting a 0.75% Gross Revenue Royalty on the Punitaqui copper mine in Chile. This financial move supports Battery Mineral Resources’ strategic focus on increasing copper production and capitalizing on favorable market conditions, positioning the company for a promising 2025 and beyond.
More about Battery Mineral Resources
Battery Mineral Resources Corp. is focused on becoming a mid-tier copper producer, having recently started operations at the Punitaqui Mining Complex in Chile. The company also possesses cobalt and lithium assets in North America and graphite assets in South Korea, aligning with the global trend towards electrification and aiming for growth through cash flow, exploration, and acquisitions.
YTD Price Performance: 100%
Average Trading Volume: 61,168
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$11.97M
For detailed information about BMR stock, go to TipRanks’ Stock Analysis page.
