Battery Mineral Resources (TSXV: BMR, OTCQB: BTRMF) is intending to resume operations at its Punitaqui job in Chile and bring it into production in 2024, according to Martin Kostuik, the business’s CEO.
” Task one for us is, firstly, assigning the capital and resuming operations at Punitaqui. Which’s going to be extremely interesting for investors since we will be among the only 2 business putting a copper mine into production in 2024,” he stated.
” We have a 3 part procedure that we’re going through to bring funds into the business, to put it into production. One part is a convertible debenture. Another part would be a little piece of financial obligation versus the capital of among our operating entities … and the 3rd leg of that stool would be a piece of financial obligation versus a few of the possessions down at the Punitaqui mine.”
BMR just recently revealed the 2nd closing of a personal positioning of senior unsecured convertible debentures for gross earnings of US$ 1.915 million, bringing the overall quantity of brand-new financing raised by means of issuance of the debentures to US$ 3.285 million, consisting of the very first and 2nd closings.
For Kostuik, the Punitaqui mine is an engaging financial investment chance that has actually traditionally produced $30 million to $50 million in EBITDA each year.
Enjoy the complete interview with Battery Mineral Resources CEO Martin Kostuik above.
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