Vancouver, British Columbia — January 17, 2026 — Leads & Copy — Battery Mineral Resources Corp. has reached an agreement to settle USD$1,556,234 in outstanding debt through the issuance of 10,654,752 common shares of the Company at a price of CAD$0.20 per share.
The Settlement Amount represents obligations owed to certain arm’s length creditors under unsecured convertible debentures of the Company, which were originally issued pursuant to a private placement between October 2023 and October 2024.
The company’s board of directors and management believe that completing the Debt Settlement is in the best interests of the Company as it will allow the Company to preserve its cash resources for ongoing operations and strategic initiatives.
Completion of the Debt Settlement remains subject to receipt of all necessary regulatory approvals, including acceptance by the TSX Venture Exchange.
All securities issued in connection with the Debt Settlement will be subject to a four-month hold period from the date of issuance in accordance with applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.
The company previously settled approximately USD$23 million of debt owing to other creditors under Debentures issued as part of the Original Offering through the issuance of 159,153,035 Common Shares on the same terms (see the Company’s news release dated December 10, 2025). Following the completion of this latest Debt Settlement, the Company will have converted approximately 99% of the total outstanding debt under all Debentures issued as part of the Original Offering.
Battery Mineral Resources operates 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.
Lazaros Nikeas, CEO
Phone: +1 (604) 628-1110
info@bmrcorp.com
Source: Battery Mineral Resources Corp.
