Battery Mineral Resources

Financials:

Primary ticker: TSXV:BMR, OTCQB:BTRMF
Stage of development: Exploration, Development, Production
Primary minerals: Copper, Cobalt, Lithium and Graphite
Project to promote: Punitaqui Copper Mine in Chile
Project location: Chile, Idaho, Nevada, Ontario, South Korea
Website: www.bmrcorp.com

Battery Mineral Resources is a relatively new mining company listed last year on the TSXV and OTCQB. We are actively drilling and working to restart our Punitaqui copper mine in Chile later this year and are targeting 25m lb of production in 2023 and EBITDA of $50m. We also have high-grade advanced cobalt projects in Ontario and Idaho, an early stage lithium brine project in Nevada as well as two former producing graphite mines in South Korea.

 

Cash: CAD$6M
Debt: CAD$10.375M


Major shareholders:
Yorktown – 60%
Bluequest – 5.5%
Regal – 4.7%
Terra – 4.64%
Lion Point – 2.33%
Management Ownership – 5%

Management Profile

Martin Kotuik – CEO and director
Martin Kotuik has over 28 years of diversified experience in the mining industry as a mining engineer and senior executive. He was President and Director for the last 4 years at Arizona Gold Corporation and prior to that was CEO and Director of Rupert Resources Limited. He has a broad base of experience in operations, engineering, exploration and capital projects with various companies including Luna Gold (Equinox), Barrick Gold Corporation, Taseko Mines Limited and Dynatec Mining Services.

What is your rationale for taking part 121 Mining Investment?

We are looking to raise awareness of our company as we are about to release an updated resource and PEA on our Punitaqui copper mine in Chile

What recent news would you like to highlight to investors attending?

Closed a C$10.375m convertible debenture March 31st, drill results March 2nd, drill results January 25th

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
We would like to release our revised resource estimate and PEA for Punitaqui, secure the remaining funding for the restart of Punitaqui and raise awareness of our company

6 Months:

We hope to have restarted our flotation plant at Punitaqui by this time and begin underground development and mining of ore.

12 Months:

Reach commercial production and Punitaqui and generate positive cash flow

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

We are relying on our independent consultants to quickly compile our drill and metallurgical data to produce our resource estimate and PEA.

What do you think makes your company such a compelling investment?

If we can meet our timelines and goals over the next 6 to 12 months, we are currently trading at an EV / EBITDA multiple of approximately 1x. In addition, we are optimistic that the copper price will continue to raise to an all-time high which directly affects are margins in a positive way