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Battery Mineral Resources Corp. Announces Agreements with Javelin Global Commodities

Published

6 months ago

on

–News Direct–

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) (Battery or BMR or the Company) is pleased to announce that its Chilean subsidiary, Minera BMR SpA (Minera) has entered into a marketing agreement, master purchase and sale agreement, a copper concentrate pre-payment and advance payment terms arrangements (collectively, the Agreements) with Javelin Global Commodities (Javelin). It is intended that, pursuant to the Agreements, Javelin will market the copper concentrate, gold, silver, and other metals, (Product), produced at the Punitaqui Plant located at the Punitaqui Mining Complex (Punitaqui), provide a US$5,000,000 copper concentrate pre-payment and offer advance payment terms in respect of shipments of Product delivered from time to time in an amount of up to US$20,000,000.

Marketing Agreement

Pursuant to the marketing agreement, Minera appoints Javelin as its exclusive marketing agent for sales of Product to be produced at Punitaqui for a term of 11 years. In consideration for provision of marketing services, Javelin will earn a variable commission based on Product price receivable by Minera from the sale of Product facilitated through Javelins marketing activities. The marketing agreement is subject to pre-agreed upon exclusions for certain Product which will not be marketed by Javelin.

US$5,000,000 Copper Concentrate Prepay

Javelin has agreed, subject to certain terms and conditions, to prepay to Minera US$5,000,000 in respect of future deliveries of copper concentrate made by Minera to Javelin. The prepaid amount is repayable by Minera on or before December 31, 2026, through the delivery of copper concentrate or in cash. The outstanding balance of the prepaid amount will be subject to an advance payment fee chargeable from the date of the advance until the prepaid amount is reduced to zero, at a rate equal to the three-month SOFR (subject to SOFR floor of 2.00%) plus 7.00% per annum. The proceeds of the Prepay are intended to be used to help fund the Punitaqui restart.

In this regard, personnel hiring for the resumption of full operations at Punitaqui remains on schedule. Final mine maintenance at the San Andres mine including rehabilitation of ground support, re-activation of compressed air, ventilation, power, and water in preparation for resumption of full mining operations, commenced in late November with the aim of full operational commissioning of the plant in Q1 and plant start-up in Q2 of 2024.

Payment Terms Arrangement of up to US$20,000,000

Javelin will establish an advance payment terms arrangement (Facility) in an aggregate amount of up to US$20,000,000. The Facility will be used for (a) eligible accounts receivable and inventory on vessel up to the maximum amount of the Facility, (b) eligible shed inventory at the Minera storage yard, subject to a sub-limit of US$2,500,000, and (c) eligible bulk inventory at agreed terminals, subject to a sub-limit of US$5,000,000). An upfront discount of 1% of the maximum Facility amount and an administration discount of US$2,000 per week shall be paid by Minera to Javelin, which may be offset against the price payable by Javelin for the Product shipments. In consideration of Javelin making advance payments, Minera shall pay to Javelin an advance payment discount at a rate equal to three-month SOFR (subject to SOFR floor of 2.00%) plus 7.00% per annum on the principal amount outstanding under the Facility from time to time. BMR and Minera are providing a pledge of certain assets, including over shares in Minera and over rights under certain material agreements of BMR and Minera as conditions of the Facility and the other Agreements.

CEO Commentary

Martin Kostuik, Batterys CEO stated, The consummation of these Agreements with Javelin marks a very critical step in terms of placing the Punitaqui Mine into operational readiness and first concentrate production. We welcome Javelin as a partner and look forward to leveraging their marketing prowess to maximize the value that the sale of copper concentrates will bring to BMR shareholders.

Conditionality and Security

While the Agreements have been entered into, the availability of the copper concentrate prepay and the ability of Minera to borrow under the working capital facility are each subject to the satisfaction of certain terms and conditions.

BMR has agreed to guarantee all obligations and liabilities of Minera under the Agreements. Mineras obligations under the Agreements will be secured by liens in favour of Javelin over assets and material agreements of Minera and BMR.

There are no conversion features into securities of the Company that are associated with the copper concentrate pre-payment or the advance payment terms arrangements, and no bonus securities are to be paid in connection with the Agreements.

About Battery Mineral Resources Corp.

Battery Mineral Resources is a battery minerals company providing shareholders exposure to the global mega-trend of electrification while being focused on growth through cash-flow, exploration, and acquisitions in favourable mining jurisdictions. Battery Minerals mission is the discovery, acquisition, and development of battery metals (namely cobalt, lithium, graphite, and copper), in North America, South America and South Korea and to become a premier and responsible supplier of battery minerals to the electrification marketplace. BMR is currently pursuing a near-term resumption of operations of the Punitaqui Mining Complex, a past copper-gold-silver producer, in the Coquimbo region of Chile. BMR is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp in Ontario, Canada, and continues to pursue a focused program to build on the recently announced, +1-million-pound high-grade cobalt resource at McAra. In addition, Battery Mineral owns 100% of ESI Energy Services, Inc. (including ESIs wholly owned USA operating subsidiary, Ozzies, Inc.), a profitable mainline pipeline and renewable energy equipment rental and sales company with operations in Alberta, Canada and Arizona, USA. Battery Mineral Resources is based in Canada and its shares are listed on the TSX Venture Exchange under the symbol BMR and on the OTCQB under the symbol BTRMF. Further information about BMR and its projects can be found on www.bmrcorp.com.

Twitter: @BMRcorp_

Facebook: Battery Mineral Resources Corp. | Facebook

LinkedIn: Battery Mineral Resources Corp.: My Company | LinkedIn

Website: www.bmrcorp.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Forward Looking Statements:

This news release includes certain forward-looking statements under applicable Canadian securities legislation. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain sufficient financing to complete exploration and development activities, the ability of the Company to secure the Advances under the Loan Agreement, timing of the completion of the Companys audit, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, the ability of the Company to meet its anticipated development schedule, government regulation and fluctuating metal prices. Accordingly, readers should not place undue reliance on forward-looking statements. Battery undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as may be required by law.

Contact Details

Battery Mineral Resources Corp.

Martin Kostuik, CEO

+1 604-229-3830

[email protected]

Corporate Communications

Corporate Communications IBN (InvestorBrandNetwork)

+1 310-299-1717

[email protected]

Company Website

https://bmrcorp.com/

View source version on newsdirect.com: https://newsdirect.com/news/battery-mineral-resources-corp-announces-agreements-with-javelin-global-commodities-757004588

Battery Mineral Resources Corp.

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Press Release

Revolutionising Insect Repellents: BiteRepel’s Commitment to Safety, Efficacy and Sustainability

Published

29 mins ago

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July 27, 2024

By

California, USA – In a world where the threat of mosquito-borne viruses is ever-present, the need for effective protection is paramount. Enter BiteRepel, a game-changing product in the crowded market of insect repellents, known for its unparalleled commitment to safety, efficacy and environmental consciousness. BiteRepel’s unique formula targets mosquitoes’ specific genetic makeup, ensuring that even the newest variants are kept at bay.

Unmatched Safety and Environmental Consciousness

BiteRepel is the first of its kind, meticulously formulated to be both pet-safe and reef-friendly. The unique formula effectively reduces the risk of contracting mosquito-borne viruses while ensuring a healthier ecosystem for all. With the rise of new variants of mosquitoes since mid-2022, traditional repellents like DEET and Citronella have shown limited effectiveness. This is where BiteRepel steps in as your ultimate solution.

“BiteRepel stands out because it addresses the evolving nature of mosquito threats with a focus on both human and environmental health,” says Serene Johnson, Sales and Service Lead at BiteRepel. “Our products are not only effective but also align with the values of eco-conscious consumers.”

Natural and Organic Ingredients

Free from harmful chemicals, BiteRepel is completely natural and organic. The brand offers peace of mind to families and eco-conscious consumers alike. By choosing BiteRepel, you not only protect yourself from mosquito-borne viruses but also safeguard the well-being of your furry companions and the environment. BiteRepel is dedicated to combining safety, effectiveness, and sustainability without compromise.

Rigorous Testing and Proven Effectiveness

BiteRepel’s range of insect sprays and recommended insect repellents are formulated to provide unparalleled protection against relentless pests. Their products have undergone rigorous testing to ensure their effectiveness against the latest mosquito strains, giving you peace of mind in any situation.

“Our commitment to quality is reflected in the thorough testing each product undergoes,” states Drew Carlyle, Quality Assurance Manager at BiteRepel. “We ensure that our repellents are effective against all types of mosquitoes, including genetically modified strains.”

Sustainability Commitment

BiteRepel is dedicated to environmental sustainability. The formula’s eco-friendly and biodegradable nature ensures it leaves no harmful residue, making it a sustainable choice for the environmentally conscious. BiteRepel’s non-toxic, natural, vegan, and 100% organic composition is crafted without harmful chemicals like Picaridin, DEET, IR3535, and Citronella, as well as parabens and gluten. This dedication to purity ensures the product is safe for users and the planet alike.

Innovative Origins

The journey of BiteRepel began with a mission to transform outdoor enjoyment by providing effective protection against biting insects. Driven by a clear objective to create a reliable solution, BiteRepel underwent extensive research and numerous trials. This process led to the development of a groundbreaking formula that sets a new standard in insect repellents. BiteRepel not only repels all mosquito types, including genetically modified strains, but also deters a wide range of other insects and pests. The brand’s focus on innovation, natural ingredients, and user well-being has resulted in a product that ensures a comfortable and safe outdoor experience.

We believe in responsible innovation, which is why our product is not only highly effective but also ethical and safe for the environment, pets, and marine life,” says Jesse Neimus, Assistant Manager at BiteRepel. “It’s a game-changer in the fight against mosquito-borne diseases and a testament to what can be achieved when science and nature work in harmony.”

The Conscientious Choice

BiteRepel is the conscientious choice for modern, eco-conscious consumers who value both personal and environmental health. It’s not just about keeping bugs at bay; it’s about fostering a safer, harmonious and healthier world for all. With BiteRepel, you can finally reclaim your outdoor spaces and enjoy peace of mind knowing that you’re protected against mosquitoes and the diseases they spread.

Perfect for All Outdoor Activities

BiteRepel is the perfect solution for outdoor enthusiasts. Whether you’re hunting, fishing, golfing, camping, off-roading, swimming, backpacking, walking, running, jogging, hiking or participating in other sporting activities, BiteRepel has you covered. It’s also ideal for outdoor events like parties, BBQs, and gardening. Their products work great on flying and crawling insects, including fleas, ticks, gnats, flies, spiders, ants, and other bugs.

A Message from Our Founder

“Our journey started with a personal need and evolved into a mission to protect people and the environment,” says the founder of BiteRepel. “We’re proud to offer a product that not only protects against mosquito bites but does so in a way that’s safe for our families, pets and the planet.”

Join the BiteRepel Movement

Join BiteRepel in embracing the great outdoors with confidence and comfort. Say goodbye to ineffective repellents and hello to BiteRepel – your ultimate defence against mosquito-borne viruses. Don’t wait until it’s too late; make BiteRepel a staple in your home and outdoor adventures. BiteRepel offers affordable, accessible protection that everyone can benefit from. Don’t let mosquitoes dictate your life – take control with BiteRepel and enjoy the outdoors without worry.

Connect with Us

For more information, visit BiteRepel. Follow us on Twitter, Facebook, and Instagram.

About BiteRepel

At BiteRepel, the mission is to revolutionize outdoor protection with effective, easy-to-use insect repellents. Harnessing the power of science and nature, innovative formulas are developed that set a new standard for safety and efficacy. With a relentless commitment to quality, BiteRepel delivers unparalleled protection against mosquitoes, ticks, and other biting insects. This pioneering approach empowers a life unrestricted by nuisance bites, making the outdoors more accessible and enjoyable.

Our formula is a testament to our values of responsible innovation, combining effectiveness with ethical considerations. By choosing BiteRepel, you are not only protecting yourself from mosquito-borne viruses but also contributing to a healthier planet. Join us in embracing the great outdoors with confidence and comfort, knowing nature’s best defence safeguards you. Choose BiteRepel for peace of mind and unparalleled protection.

Media Contact

Organization: BiteRepel

Contact Person: Jesse Neimus

Website: https://www.biterepel.com/

Email: Send Email

City: Diamond Bar

Country: United States

Release Id: 27072414822

The post Revolutionising Insect Repellents: BiteRepel’s Commitment to Safety, Efficacy and Sustainability appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

OPTRAFFIC: Revolutionizing Traffic Safety Equipment with Technology and Innovation

Published

29 mins ago

on

July 27, 2024

By

China, 27th Jul 2024, King NewsWire – OPTRAFFIC, a premier manufacturer of traffic safety equipment since 2008, is at the forefront of creating innovative solutions for road safety and traffic management. With an extensive range of products, including variable message signs, arrow boards, light towers, radar speed signs, and portable traffic signals, OPTRAFFIC continues to lead the industry by enhancing the quality, durability, and adaptability of its offerings.

Innovative Traffic Safety Solutions

OPTRAFFIC’s product line is designed to meet the diverse needs of traffic management professionals. Key products include:

  • Variable Message Signs: These signs provide dynamic and customizable messaging to motorists, ensuring clear communication of important traffic information. Products such as portable changeable message signs and portable traffic message boards are integral for real-time traffic management and emergency situations. For more details, visit Variable Message Signs.
  • Arrow Boards: Essential for directing traffic, OPTRAFFIC’s arrow boards come in various configurations, including arrow board trailers and solar arrow boards. These are crucial for managing road closures and diversions efficiently. Explore our range here: Arrow Boards.
  • Light Towers: OPTRAFFIC offers a selection of light towers, including portable light towers, LED light towers, and solar light towers, ensuring optimal visibility in low-light conditions for roadworks and events. Learn more at Lighting Towers.
  • Traffic Signals: Portable traffic signal lights, LED traffic signal lights, and portable signal lights from OPTRAFFIC provide reliable and flexible solutions for temporary traffic control. More information can be found here: Traffic Signals.
  • Variable Speed Limit Signs: To enhance speed regulation and safety, OPTRAFFIC’s variable speed limit signs, including speed limit signs with radar and solar speed limit signs, offer precise and adaptable speed control measures. Discover our products at Variable Speed Limit Signs.
  • Boom Gates: For parking management and access control, OPTRAFFIC provides robust solutions such as parking boom gates and portable boom gates, designed to ensure efficient vehicle movement and security. Explore our options at Boom Gate.

Future-Focused Innovation

Looking ahead, OPTRAFFIC is committed to leveraging cutting-edge technology and big data analytics to develop smarter, more adaptable, and more durable traffic management equipment. This strategic approach aims to enhance road safety and traffic efficiency significantly. By integrating advanced technologies, OPTRAFFIC envisions a future where traffic management systems are more responsive and efficient, ultimately reducing traffic congestion and improving safety for all road users.

Global Reach and Commitment

While OPTRAFFIC serves a global market, it remains focused on delivering exceptional quality and service to its customers in the United States. The company’s dedication to innovation and excellence ensures that its products meet the highest standards of reliability and performance.

For more information about Optraffic and its range of traffic safety equipment, please visit https://optraffic.com/ or contact Yolanda Chen at [email protected].

About OPTRAFFIC:

Optraffic is a leading manufacturer of traffic safety equipment, established in 2008. The company specializes in the production and supply of high-quality products such as variable message signs, arrow boards, light towers, radar speed signs, and portable traffic signals. With a focus on innovation and technology, Optraffic aims to create smarter, more adaptable, and more durable traffic management solutions. By leveraging big data analytics and advanced technologies, Optraffic is dedicated to improving road safety and traffic efficiency worldwide.

Media Contact

Organization: OPTRAFFIC

Contact Person: Yolanda Chen

Website: https://optraffic.com/

Email: Send Email

Country: China

Release Id: 27072414833

The post OPTRAFFIC: Revolutionizing Traffic Safety Equipment with Technology and Innovation appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

LanChester Grill & Hearth: Enhancing Homes with Premier Fireplaces and Outdoor Living Solutions

Published

58 mins ago

on

July 27, 2024

By

LanChester Grill & Hearth: Enhancing Homes with Premier Fireplaces and Outdoor Living Solutions

Gap, PA, United States, 27th Jul 2024 – LanChester Grill & Hearth, a leader in home comfort and outdoor living enhancements, proudly offers an expansive range of products and services designed to transform any home. Specializing in fireplaces, stoves, and custom outdoor kitchens, LanChester provides quality, beauty, and functionality to residents of Lancaster, PA, and surrounding areas. 

Expertise in Fireplaces and Stoves 

LanChester Grill & Hearth showcases a vast selection of heating solutions including: 

  • Wood, Gas, and Pellet Stoves: Each offering a unique aesthetic and heating efficiency. 
  • Custom Fireplace Designs: From traditional to contemporary, ensuring seamless integration with any home decor. 
  • Fireplace Inserts: Enhancing efficiency and providing an easy upgrade path for existing setups. 

“Our commitment to excellence and customer satisfaction drives our business. We believe in providing only the best products and services that contribute to a warm and inviting home environment.”  said Sam Stoltzfus, CEO of LanChester Grill & Hearth.

Outdoor Living Perfected 

Recognizing the growing trend towards functional outdoor spaces, LanChester offers comprehensive outdoor kitchen designs, including: 

  • Grills and Smokers: A wide range of options to suit any budding chef’s needs. 
  • Custom Outdoor Kitchens: Fully equipped to handle any culinary challenge. 
  • Outdoor Fire Pits and Heating Solutions: Extending the outdoor season with style and warmth. 

“Our outdoor solutions are designed to bring families and friends together. We help our clients create the perfect backdrop for making memories.” 

Sam Stoltzfus, mentioned.

Dedicated to Community and Innovation 

With a strong focus on community involvement and industry innovation, LanChester Grill & Hearth remains at the forefront of the home heating and outdoor living industry. Their showroom in Gap, PA, is a testament to their dedication, featuring a wide array of products that cater to both new building projects and upgrades. 

About LanChester Grill & Hearth 

Founded in 1996, LanChester Grill & Hearth has established itself as a key player in the home comfort industry. Located at 832 Pequea Ave, Gap, PA, their showroom is a hub of innovation and customer service excellence. 

Contact:  

 

Media Contact

Organization: LanChester Grill & Hearth

Contact Person: Sam Stoltzfus

Website: https://www.lanchestergh.com/

Email: Send Email

Contact Number: +17174428794

Address: 832 Pequea Ave

City: Gap

State: PA 17527

Country: United States

Release Id: 27072414824

The post LanChester Grill & Hearth: Enhancing Homes with Premier Fireplaces and Outdoor Living Solutions appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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