Vancouver, British Columbia — January 5, 2026 — Leads & Copy — Battery Mineral Resources Corp. has agreed to sell its 100% interest in the Gowganda silver tailings project mining leases in Ontario, Canada, to Nord Precious Metals Mining Inc.
Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) announced Monday that it has entered into a definitive agreement dated January 4, 2026, with Nord Precious Metals Mining Inc. (“Nord”) to sell the Company’s 100% interest in the Gowganda silver tailings project mining leases in Ontario, Canada (the “Transaction”).
Under the Purchase Agreement, Nord has agreed to buy the Company’s four mining leases (LEA-109391 – LEA109394) comprising the Gowganda silver tailings project on an “as-is where-is” basis for the following consideration:
$1,000,000 cash on the closing date;
$1,250,000 in Nord shares on the closing date at a deemed price equal to $0.284 per share;
a 3.0% net smelter returns royalty on the Gowganda silver tailings project; and
deferred consideration of $1,250,000 on each of the first, second and third anniversaries of the closing date of the Transaction (the “Deferred Consideration”) for aggregate Deferred Consideration of $3,750,000.
According to the agreement, Nord can elect to satisfy up to 50% of each Deferred Consideration in Nord common shares. The price per share will be the greater of: (i) the 25-day volume-weighted average trading price per Nord common share on the TSXV ending on the last trading day preceding the applicable payment date, and (ii) the minimum price permitted by the TSXV. The Nord common shares to be received by the Company will be subject to a statutory hold period of four months and one day from the date of issuance.
The closing of the Transaction is subject to certain closing conditions, such as conditional approval of the TSXV. The Transaction is expected to be completed in mid-January 2026.
Battery is operating the Punitaqui Mining Complex, a historic copper, gold, and silver producing mine in the Coquimbo region of Chile. The Company’s portfolio also includes 100%-owned ESI Energy Services Inc. and North American mineral exploration assets. The Company is focused on providing shareholders with accretive exposure to copper and the global trend of electrification while targeting growth through cash flow, exploration and acquisitions in favorable mining jurisdictions.
Battery CEO Laz Nikeas stated the company is pleased to enter into this transaction for its shareholders, providing approximately $6.0 million of value along with a 3.0% NSR Royalty. He added that upon completion of this transaction, Battery will become a shareholder of Nord and will continue to support and encourage their efforts.
The transaction is an arms-length transaction for the Company, and no finder fees are payable in connection with the Transaction.
Lazaros Nikeas, CEO
info@bmrcorp.com
Source: Battery Mineral Resources Corp.
