Battery Mineral Resources

What Battery Mineral Resources does

Battery Mineral Resources Corp. (TSXV: BMR; OTCQB: BTRMF) is a Canadian-domiciled, publicly listed multi-commodity mineral resource company headquartered in Vancouver, BC, with operating mining activity in Chile's Coquimbo region and exploration assets in Ontario, Canada. The company's core operating asset is the Punitaqui Mining Complex, a historic copper-gold-silver producer acquired in March 2021 and restarted in May 2024, which consists of four satellite deposits (Cinabrio, San Andres, Cinabrio Norte, Dalmacia) feeding a centralized mineral processing plant designed for 3,600 tonnes per day with capacity to 4,000 tpd. The company targets 19–23 million pounds of copper in concentrate annually at an expected operating margin of $35–50 million, alongside byproduct silver and gold sales.

The company operates a second revenue-generating segment through its 100%-owned subsidiary ESI Energy Services Inc. (doing business as Ozzie's, Inc.), a renewable and conventional energy equipment rental and sales business that posted $7.3 million in Q1 2026 revenue (+50% year-over-year) at a 38% adjusted EBITDA margin and is guiding to $30–32 million in full-year 2026 revenue. ESI is also developing the next-generation Universal Carrier Platform (a modular tracked vehicle for utility-scale solar construction, debuting at RE+ 2026) and the Ozzie's Omni Crawler autonomous platform.

BMR's third leg is a portfolio of Canadian cobalt-silver exploration assets, headlined by the McAra Cobalt Project (highest-grade primary cobalt deposit delineated in North America in 50 years, with M&I resources of 1.124 million pounds cobalt equivalent) and the Gowganda camp, partially divested to Nord Precious Metals in March 2026. Distribution offtake for concentrate runs through direct B2B sales to commodity buyers and metal traders under negotiated agreements, while ESI distributes equipment directly to energy construction firms.

Name

Battery Mineral Resources

Legal name

Battery Mineral Resources Corp.

Website

https://bmrcorp.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

251–500 employees

Short description

Battery Mineral Resources is a Vancouver-headquartered, TSXV-listed multi-commodity mining company that operates the Punitaqui copper-gold-silver complex in Chile, owns the ESI Energy Services (Ozzie's) renewable equipment subsidiary, and holds Canadian cobalt-silver exploration assets.

Ownership category

akta.pro rank

Product category

Copper Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (21223), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Metal Mining (1000), Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532)

akta.pro primary industry

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

akta.pro secondary industries

Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Copper concentrate mining
• Battery minerals exploration
• Cobalt silver extraction
• Mining equipment rental
• Mineral processing services

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Copper Concentrate Sales: Primary revenue stream from the Punitaqui Mining Complex producing copper concentrate containing copper, gold, and silver. Concentrate is sold to commodity buyers and metal traders. BMR expects full annual copper production rate in the range of 19 million to 23 million pounds of copper in concentrate with an operating margin of $35 million to $50 million at current copper prices.
2. ESI Energy Services Revenue: 100%-owned subsidiary ESI Energy Services Inc. (operating as Ozzie's, Inc.) generates revenue through renewable energy equipment rentals and sales. Projects full-year 2026 revenue of approximately $30 million to $32 million based on strong operating momentum and sustained demand across rental and equipment sales businesses.
3. Silver Byproduct Sales: Revenue generated from silver and gold byproduct production at the Punitaqui Mining Complex, contributing to overall operating margins alongside copper concentrate sales.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Battery Mineral Resources operates the Punitaqui Mining Complex in Chile's Coquimbo region, producing copper concentrate containing copper, gold, and silver through conventional crush-grind-flotation processing at a centralized plant fed by four satellite deposits. The company also operates the 100%-owned ESI Energy Services subsidiary (Ozzie's), which rents and sells renewable energy construction equipment, including the Universal Carrier Platform and Ozzie's Omni Crawler autonomous platform for utility-scale solar and energy construction projects. The company's portfolio further includes cobalt and silver exploration assets in Ontario, Canada (McAra, Gowganda, Elk Lake).

Product overview

Battery Mineral Resources operates as a mining company with two main business segments: (1) its core copper mining operations through the Punitaqui Mining Complex in Chile, consisting of four satellite deposits (Cinabrio, San Andres, Cinabrio Norte, Dalmacia) feeding a centralized processing plant; and (2) its 100%-owned ESI Energy Services Inc. subsidiary (operating as Ozzie's, Inc.) providing renewable energy equipment rental and sales, including the Universal Carrier platform and Ozzie's Omni Crawler autonomous platform for solar and energy construction. The company also holds exploration assets in Ontario, Canada including the McAra Cobalt Project, Gowganda Silver-Cobalt Project, and Elk Lake Silver-Cobalt Project. BMR is focused on providing shareholders accretive exposure to copper and the global trend of electrification.

Differentiator

Problem solved

Functional benefit

Brands

• Ozzie's Omni Crawler: Autonomous platform being developed by ESI Energy Services for utility-scale solar and energy construction sectors.
• Universal Carrier Platform

Products and services

• Punitaqui Mining Complex Copper Concentrate Production Copper concentrate production at the Punitaqui Mining Complex in Chile's Coquimbo region, operated by Minera BMR Spa. Concentrate contains copper, gold, and silver, processed through conventional crush-grind-flotation at a centralized plant (3,600tpd design, 4,000tpd capacity) fed by four satellite deposits (Cinabrio, San Andres, Cinabrio Norte, Dalmacia). Targeted annual production of 19-23 million pounds of copper in concentrate with expected operating margin of $35-50 million at current copper prices. Sold to commodity buyers, metal traders, and smelters under offtake arrangements.
• ESI Energy Services Equipment Rental and Sales (Ozzie's) Renewable and conventional energy construction equipment rental and sales services provided through ESI Energy Services Inc., operating as Ozzie's, Inc., the 100%-owned subsidiary of Battery Mineral Resources. Services target utility-scale solar and energy construction companies. Q1 2026 revenue of $7.3 million (50% YoY growth), FY2026 revenue guidance of $30-32 million with 38% EBITDA margin.
• Universal Carrier Platform Next-generation modular tracked vehicle designed for utility-scale solar and energy construction sectors, developed by ESI Energy Services Inc. (Ozzie's). Currently in field testing with production models expected at the 2026 RE+ Conference in Las Vegas. Provides tracked vehicle solution specifically designed for solar and energy installation terrain challenges.
• Ozzie's Omni Crawler Autonomous Platform Autonomous platform being developed by ESI Energy Services Inc. for utility-scale solar and energy construction operations, designed for the renewable and conventional energy market equipment operations sector.
• McAra Cobalt Project High-grade primary cobalt deposit in Ontario, Canada, located 100km north of Sudbury. Contains measured and indicated NI 43-101 resources of 1,124,000 lbs cobalt equivalent and inferred resource of 216,000 lbs cobalt equivalent at 0.75% cobalt equivalent cut-off. The highest-grade primary cobalt deposit delineated in North America in the last 50 years with unique Archean massive sulphide hosted mineralization. Exploration asset held by subsidiary North American Cobalt Inc.
• Gowganda Silver-Cobalt Project Historic silver-cobalt mining camp in Ontario, Canada, 130km north of Sudbury. BMR is the largest landholder in the camp with 37 historical workings. The project hosts a 2011 NI 43-101 compliant resource estimate of approximately 2.96 million ounces of silver in tailings. In March 2026, BMR sold four mining leases to Nord Precious Metals Mining Inc. for $1M cash, $1.25M in Nord shares, 3% NSR royalty, and up to $3.75M in deferred payments.
• Elk Lake Silver-Cobalt Project Silver-cobalt mining project in Ontario, Canada, located 150km northeast of Sudbury. BMR is the largest landholder in the historic Elk Lake Silver-Cobalt Mining Camp with multiple former producing properties. Exploration asset in the Ontario Cobalt Belt.

Quantifiable outcome

• Copper production: 19M to 23M lbs annually with $35M-$50M operating margin
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Nord Precious Metals Mining Inc.majorStrategic or Co-development Partner · 31 March 2026Nord Precious Metals acquired four mining leases in Ontario's Gowganda Silver Camp from Battery Mineral Resources Corp. and its subsidiary North American Cobalt Inc. The transaction involved $1M cash, 4.4M Nord shares at $0.284/share, a 3% net smelter returns royalty, and up to $3.75M in deferred consideration over three years. The transaction consolidates nearly 4km of historic property boundary into a single land package hosting three of the five largest past-producing mines in the camp.

Scale indicators10 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Capstone Copper Corp. Mid-tier copper producer with multiple operating mines in the Americas. Most directly comparable to BMR as a publicly-listed copper miner targeting growth via production from established assets.
• Lundin Mining Corporation: Intermediate copper and zinc producer with operating mines in Chile (Caserones) and other jurisdictions. Comparable mining scale and Chilean operating exposure to BMR's Punitaqui operations.
• Trilogy Metals Inc. North American-focused copper-zinc-cobalt explorer-developer with the Ambler and Bornite projects in Alaska. Comparable as a small-cap copper/cobalt development story with North American asset focus.
• Hudbay Minerals Inc. Copper-focused mid-tier miner with operations across the Americas including Chile. Comparable copper mining profile with diversified asset portfolio beyond a single mine.
• First Cobalt Corp. Canadian cobalt-focused developer with assets in the Ontario Cobalt Belt, including the Iron Creek project. Closely comparable to BMR's cobalt exploration portfolio in the same jurisdiction.
• eCobalt Solutions Inc. Emerging North American cobalt developer targeting production of battery-grade cobalt sulfate. Comparable as a small-cap pure-play cobalt developer focused on Western supply chain.
• Copper Mountain Mining Corporation: Mid-tier copper producer operating the Copper Mountain mine in British Columbia. Comparable single-asset copper production profile with similar mid-cap mining structure.
• Americas Gold and Silver Corporation: Silver-copper mining company with operations in the Americas. Comparable silver and base metals production profile to BMR's byproduct silver/gold output at Punitaqui.

Broad incumbents

• Freeport-McMoRan Inc. One of the world's largest copper and gold producers with major operations in the Americas. Relevant as a scale benchmark and global copper price setter for BMR's product.
• Glencore plc: Global mining and commodity trading major with significant copper production and offtake operations. Relevant as a likely offtake counterparty for BMR's copper concentrate and as a broad copper market participant.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/bmrcorp_

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds6 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Battery Mineral Resources