10:39:58 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Battery Mineral Resources Corp
Symbol BMR
Shares Issued 172,309,777
Close 2023-07-25 C$ 0.175
Market Cap C$ 30,154,211
Recent Sedar Documents

Battery Mineral increases PR 15130 interest to 51%

2023-07-26 12:31 ET - News Release

Mr. Mark Gasson reports

ROME RESOURCES INCREASES EARNED INDIRECT INTEREST IN EXPLORATION PERMIT PR 15130 FROM 25% TO 51%

Rome Resources Ltd. has fully exercised the second option under its option agreement with CoTinCo Minerals Projects International LLC dated Aug. 15, 2022, as amended June 6, 2023. As a result, Rome has increased its earned undivided indirect interest in and to exploration permit PR 15130 from 25% to 51%.

Pursuant to the CoTinco Option Agreement, Rome initially acquired a 25% undivided interest in and to exploration permit PR 15130 (see the Company's news release dated February 6, 2023). Rome has now acquired a further 26% indirect interest in PR 15130 (for a total indirect interest of 51%) by funding additional exploration expenditures totalling CAD$1,750,000 at exploration permit PR 15130 and by issuing a total of 6,000,000 RMR shares, of which 2,000,000 RMR shares were issued to Mark Gasson, the Company's president; 2,000,000 RMR shares were issued to Dr. Andreas Reitmeier and 2,000,000 RMR shares were issued to Klaus Eckhof. The 6,000,000 RMR shares are restricted from trading until November 26, 2023 and, in addition thereto, are subject to escrow provisions.

About Rome Resources

Rome Resources Ltd. is a mineral exploration company that holds indirect interests in two contiguous properties, PR 15130 and PR 13274, which are situated in the Walikale District of North Kivu Province in eastern Democratic Republic of the Congo, and that are prospective for tin, copper and zinc mineralization. These properties, which are collectively referred to as the "Bisie North Tin Project", are located within 8 km of Alphamin Resources Corp.'s Mpama North tin mine, which is the world's highest grade tin mine with an average grade of 4.5% tin that currently produces 4% of the world's tin supply. Rome's exploration team discovered Alphamin's tin deposits and Rome intends to fund exploration on the Bisie North Tin Project up to the completion of a definitive feasibility study.

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