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Battery Mineral to buy Punitaqui copper mine

Battery Mineral Resources (BMR) has agreed to acquire the Punitaqui copper mining complex, in the IOCG and mantos copper near Ovalle in Chile’s IV region, from Xiana Mining for US$21 million. Punitaqui will become its flagship project with a near-term path to resuming production.

Battery Mineral to buy Punitaqui copper mine Battery Mineral to buy Punitaqui copper mine Battery Mineral to buy Punitaqui copper mine Battery Mineral to buy Punitaqui copper mine Battery Mineral to buy Punitaqui copper mine

The Punitaqui copper operation in Chile

The company will acquire a $10 million debt Xiana has with Bluequest Resources' and associated rights, which will allow BMR to acquire its leasehold interest in Punitaqui free and clear of any secured