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An announcement from Battery Mineral Resources ( (TSE:BMR) ) is now available.
Battery Mineral Resources Corp. has agreed to sell its 100% interest in the Gowganda silver tailings project mining leases in Ontario to Nord Precious Metals Mining Inc. in a transaction valued at approximately $6 million plus a 3% net smelter returns royalty. The consideration includes $1 million in cash and $1.25 million in Nord shares at closing, along with three annual deferred payments of $1.25 million each, half of which may be settled in Nord shares, leaving Battery with ongoing royalty and equity exposure to the asset; the arm’s-length deal, which does not include finder fees, is subject to TSX Venture Exchange approval and is expected to close in mid-January 2026, supporting Battery’s strategy of monetizing non-core assets while maintaining upside participation.
More about Battery Mineral Resources
Battery Mineral Resources Corp. is a mining company operating the Punitaqui Mining Complex, a historic copper, gold and silver producing asset in Chile’s Coquimbo region. The company also owns ESI Energy Services Inc. and a portfolio of North American mineral exploration properties, and is focused on providing accretive exposure to copper and the broader electrification trend through cash flow generation, exploration and acquisitions in favourable mining jurisdictions.
Average Trading Volume: 28,088
Technical Sentiment Signal: Buy
Current Market Cap: C$16.61M
Learn more about BMR stock on TipRanks’ Stock Analysis page.