Press Release
Battery Mineral Resources Corp. Announces Agreements with Javelin Global Commodities
–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_
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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
Corporate Communications
Corporate Communications IBN (InvestorBrandNetwork)
+1 310-299-1717
editor@investorbrandnetwork.com
Company Website
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.
COMTEX_447708180/2655/2024-02-12T16:08:58
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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.
Press Release
Nextshoess: Dominating the Sneaker Game with Over 50,000 Instagram Followers and Premium Selections
Auckland, NZ, 6th October 2024, ZEX PR WIRE, Nextshoess, one of the fastest-growing online sneaker platforms, has quickly risen to prominence in the global sneaker community. With over 50,000 Instagram followers and a thriving customer base of more than 20,000 clients worldwide, Nextshoess is making waves as the go-to destination for sneaker enthusiasts seeking bold, fashionable designs at accessible prices.
Launched in April 2017, Nextshoess began with a simple dream: to create a platform that not only sold trendy sneakers but also fostered a community of like-minded individuals who share a passion for footwear. The founders recognized several challenges in the online sneaker market, particularly when it came to quality, customer service, and product authenticity. With this in mind, they made it their mission to revolutionize the industry, promising to put the needs of customers first, even at a higher cost.
A Mission to Redefine Sneaker Shopping
At its core, Nextshoess is driven by a simple philosophy: every step you take should come with personality. The brand curates a wide selection of high-quality sneakers from premium brands like Nike, Air Jordan, and Yeezy, ensuring that customers not only look stylish but also receive products that stand the test of time. From classic designs to limited-edition releases, Nextshoess has something for everyone, regardless of their fashion preferences.
However, what truly sets Nextshoess apart from its competitors is its commitment to building a community. By fostering a loyal following on social media, particularly Instagram, the brand has created a space where sneaker lovers from around the world can come together to share their love for shoes, discuss the latest trends, and engage with the brand on a personal level.
Customer-Centric Approach
In an industry where fast fashion often leads to compromises on quality, Nextshoess prides itself on offering premium products while maintaining a high standard of customer service. The company works closely with trusted retailers and boutiques globally to ensure that every order is fulfilled with care and precision. This means that customers can expect their sneakers to arrive on time and in pristine condition, every time.
“We understand that delivering high-quality service comes at a higher cost on our side, but it’s a responsibility we’re more than willing to take for our community,” said a spokesperson for Nextshoess. “Our customers are our top priority, and we want them to have a seamless, enjoyable shopping experience from start to finish.”
A Growing Global Presence
With its headquarters in Auckland, New Zealand, Nextshoess has built a global footprint, delivering sneakers to customers across the world. The brand’s focus on premium shipping and packaging ensures that products arrive safely, regardless of distance. The company’s carefully curated sneaker collection caters to both men and women, offering timeless designs that appeal to fashion-forward individuals of all ages.
What’s Next for Nextshoess?
As the sneaker industry continues to evolve, Nextshoess remains committed to staying ahead of the curve. The company is constantly expanding its product offerings, working with new partners, and exploring innovative ways to enhance the customer experience.
For more information, visit Nextshoess.co.nz and browse the latest collection of premium sneakers.
Press Contact: Nextshoess
www. nextshoess.co.nz
Mount Wellington, Auckland 1060, New Zealand
About Author
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.
Press Release
Dubai’s Ultimate Blockchain Event to Unite Visionary Innovators and Global Leaders
Dubai, United Arab Emirates, 6th October 2024, ZEX PR WIRE, Future Blockchain Summit 2024, the region’s most immersive large-scale blockchain event, is set to take place at the iconic Dubai Harbour from October 13-16, 2024. As the premier event in MENA, it will bring together more than 1200 investors, 120 exhibitors, and 150+ speakers from over 50 countries, uniting the blockchain and crypto ecosystem under one roof. This year’s event will be a hub for groundbreaking ideas and collaborations designed to shape the future blockchain technology and its impact on global industries.
Dubai, recognized as a global Web3 hub, offers a fertile ground for blockchain innovation, thanks to its forward-thinking government policies, comprehensive regulatory framework, and access to capital. Since its inception in 2018, aligned with the Dubai Blockchain Strategy and Emirates Blockchain Strategy, the Future Blockchain Summit has become the region’s flagship event for blockchain, spanning the vibrant tech markets of the Middle East, Africa, and Asia.
Peter Brady, Associate Vice President Technology Cluster at Dubai World Trade Centre, remarked, “Future Blockchain Summit 2024 will once again serve as a dynamic platform designed to empower disruptors and ignite sector growth. We are excited to bring together the brightest minds and leaders to foster collaboration, inspire transformation, and solidify Dubai’s position as a global hub for blockchain innovation.”
The 2024 edition will offer groundbreaking discussions on the convergence of blockchain with AI, the Internet of Things (IoT), and extended reality (XR). Leaders and innovators from Europe and North Africa will dive into how these combined technologies are transforming industries. Attendees will also gain invaluable insights on:
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The rise of non-fungible tokens (NFTs) in protecting digital assets and reshaping ownership models.
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Tokenization of traditional assets and the explosion of decentralized finance (DeFi), a force set to disrupt financial markets and create new investment avenues.
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Digital identities in the Web3 era, a critical topic addressed by Brian Rose, Founder & Host of London Real, and Raido Saar, President of the Estonian Web3 Chamber. This session will explore how blockchain enables self-sovereign identities, empowering users to control their personal data and digital presence.
Key discussions will include Sebastien Borget, Co-Founder & COO of The Sandbox, and Yat Siu, Co-Founder & Executive Chairman of Animoca Brands, during the “Into the Metaverse” panel. They will delve into the impact of blockchain on gaming, community-driven ecosystems, and the role of AI, VR, and AR in creating next-gen gaming experiences. The future of decentralized game development and the rise of esports will also be explored, providing attendees with a comprehensive look at the future of the gaming industry.
Another must-attend session is the “Navigating Global Regulations” panel, which will compare regulatory frameworks across the US, Europe, and Asia, while emphasizing the role of compliance tools and regulatory sandboxes in enabling experimentation and cross-border collaboration.
Sponsors for this year’s summit include Bitpanda, Coin W, DMCC, Fastex, Toobit, Sui, Coindesk Indices, M2, Fasset, and others, all of whom are at the forefront of blockchain innovation.
For more information about the summit and agenda, visit www.futureblockchainsummit.com/
About Future Blockchain Summit
Future Blockchain Summit is the leading blockchain exhibition and MENA region’s most immersive large-scale blockchain event. Capitalising on Dubai’s status as a global Web3 hub, the event will unite the entire blockchain and crypto ecosystem and provide a leading platform to foster collaboration.
Powered by GITEX Global, the seventh edition of Future Blockchain Summit will bring together more than 1200 investors, 150 exhibitors, and 120 speakers from across countries at the iconic Dubai Harbour, from 13-16 October 2024. It will take place alongside GITEX Impact, Expand North Star, FinTech Surge and Marketing Mania.
Expand North Star
Expand North Star 2024, the world’s largest event for start-ups and investors, will bring together leading founders, VCs, tech innovators, and ecosystem enablers to the Dubai Harbour, taking place from 13-16 October 2024. Hosted by the Dubai Chamber of Digital Economy and organised by Dubai World Trade Centre, Expand North Star features four co-located events: GITEX IMPACT, Fintech Surge, Future Blockchain Summit, and Marketing Mania. This 9th edition will welcome over 1,800 global startup exhibitors, 1,200 investors, and 250 speakers from 100 countries. The show is inspired by the world largest tech show, GITEX GLOBAL, which will take place from 14-18 October 2024, at Dubai World Trade Centre.
About Author
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.
Press Release
Fintech Surge 2024: Revolutionising Finance With Cutting-Edge Innovations And Strategic Partnerships
Middle East and North Africa’s largest fintech show to welcome innovative game-changers and industry leaders from the global fintech community.
Dubai, United Arab Emirates, 6th October 2024, ZEX PR WIRE, Fintech Surge, the Middle East and North Africa’s largest fintech event, will take place at Dubai Harbour from 13-16 October 2024. As an integral part of Expand North Star, powered by GITEX GLOBAL, the fourth edition is set to attract over 100 exhibitors, more than 1,200 investors, and 120-plus speakers from over 70 countries. The event solidifies its position as the premier destination for fintech thought leadership, strategic partnerships, and innovation across the region.
As the UAE continues to cement its role as a global fintech hub, Fintech Surge 2024 arrives at a pivotal time. The UAE’s fintech market is projected to grow from USD 3.16 billion in 2024 to USD 5.71 billion by 2029, driven by a progressive regulatory environment and the rapid adoption of digital banking solutions. Last year, the fintech sector saw a remarkable 92% surge in funding, further elevating the UAE as a powerhouse of innovation in MENA’s fintech landscape.
“Fintech Surge is where the world’s fintech entrepreneurs come to trade in innovation. As the UAE continues to lead in digital transformation, this year’s edition will welcome international companies at the forefront of embedded finance, autonomous finance, and digital currencies, to forge partnerships with technology giants and large enterprises, and shape the future of finance,” said Peter Brady, Associate Vice President at Dubai World Trade Centre.
The event will spotlight critical trends shaping the future of finance, such as digital banking, fintech investment, and the growing collaboration between banks and fintechs. The ‘Future of Money’ conference will cover key themes, including fintech investing, digital banking, and SME Elevate track. As the financial world increasingly shifts toward digital transactions, e-wallets and cashless payment systems are transforming the global landscape. In the panel discussion ‘Rock, Paper, Cashless,’ Asim Chohan, COO at Morgan Stanley USA, will join other experts to explore the implications of a cashless society and its future impact.
The SME Elevate track will feature discussions on empowering small and medium-sized enterprises through fintech, including the Conversation Circle titled ‘Cool Cash—Future Trends in Lending, Microfinance, and Investments.’ Speakers such as Ibrahim Abdel Rahim, Co-founder of Moonbase Capital (Spain), and Chérifatou Ibrahima Agoumo, Regional Innovation and Technology Advisor at CARE USA, will examine how fintech innovation is driving economic growth for SMEs and individuals.
Other sessions will focus on emerging financial technologies, including open banking, embedded finance, and the transformational role of AI in banking. The rise of stablecoins, Central Bank Digital Currencies (CBDCs), and sustainable finance models will also be explored, as the fintech sector continues to innovate while addressing challenges in cybersecurity and regulatory compliance.
With a powerful programme featuring global fintech giants alongside a vibrant start-up community, Fintech Surge will be the essential meeting point for those looking to shape the financial ecosystems of tomorrow. The event will serve as a launchpad for start-ups and innovators, offering a unique opportunity at Demo Day to showcase live prototypes that push industry boundaries. These solutions will highlight how fintech is creating faster, more convenient, and secure ecosystems to meet the growing demands of today’s digital consumers.
Sponsors and exhibitors for the 2024 edition include major industry players such as Codego, Geidea, ADIB Bank, WIO Bank, and pavilions by Fintech Lithuania, Hong Kong, and London & Partners. More information can be found at www.fintechsurge.com.
Press Registration: Click Here
About Fintech Surge
Fintech Surge is the most sought after gathering for the global fintech industry. Capitalising on Dubai’s pioneering status as a leading location for fintechs, it is the foremost platform where international finance and technology players meet to create limitless opportunities. More than 1,200 investors, 150 exhibitors and more than 100 speakers from more than 70 countries will gather to chart the way forward and inspire industry-wide transformation. The fourth edition of Fintech Surge will take place from 13-16 October 2024 alongside GITEX GLOBAL, uniting the global community at the iconic Dubai Harbour. It is co-located with GITEX IMPACT, Expand North Star, Future Blockchain Summit and Marketing Mania.
Expand North Star
Expand North Star 2024, the world’s largest event for start-ups and investors, will bring together leading founders, VCs, tech innovators, and ecosystem enablers to the Dubai Harbour, taking place from 13-16 October 2024. Hosted by the Dubai Chamber of Digital Economy and organised by Dubai World Trade Centre, Expand North Star features four co-located events: GITEX IMPACT, Fintech Surge, Future Blockchain Summit, and Marketing Mania. This 9th edition will welcome over 1,800 global startup exhibitors, 1,200 investors, and 250 speakers from 100 countries. The show is inspired by the world largest tech show, GITEX GLOBAL, which will take place from 14-18 October 2024, at Dubai World Trade Centre.
About Author
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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