Battery Mineral Resources Secures Funding for Punitaqui Restart
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Battery Mineral Resources Secures Funding for Punitaqui Restart

Battery Mineral Resources Corp (TSE:BMR) has released an update.

Battery Mineral Resources Corp. has secured a C$8 million credit line through its subsidiary ESI Energy Services Inc. to restart copper concentrate production at the Punitaqui Project in Chile. The initial C$5 million drawdown will facilitate the hiring of personnel and maintenance of mine operations, with plant commissioning expected in the near term and start-up projected for Q2 2024.

For further insights into TSE:BMR stock, check out TipRanks’ Stock Analysis page.

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