Battery Age Minerals Raises AU$1 Million to Advance Exploration at Bleiberg Zinc-Germanium Project

Highlights:

• AU$1 Million Raised: Battery Age Minerals Limited (ASX: BM8) successfully secured AU$1 million through a share placement at AU$0.10 per share to fund exploration activities.
• Bleiberg Project Focus: Funds will primarily support maiden exploration at the Bleiberg Zinc-Germanium Project in Austria, targeting a 6km strike length with high-potential drill targets.
• Board Participation: Battery Age’s management and board have committed AU$150,000 to the placement, subject to shareholder approval at the annual general meeting in November.

Capital to Fund Maiden Exploration Activities

Battery Age Minerals Limited (ASX: BM8) has successfully raised AU$1 million through a share placement to sophisticated investors, priced at AU$0.10 per share. At the time of writing, the funds will be directed towards advancing exploration efforts at the company’s Bleiberg Zinc-Germanium Project in Austria, as well as for general working capital purposes.

Strategic Investment in High-Potential Projects

The proceeds from this capital raise will fund Battery Age’s maiden exploration program at Bleiberg, a site historically known for its high Germanium and Gallium production. The company is targeting a 6km strike length, where extensive mapping and fieldwork are set to begin by mid-October. Additionally, the funds will support exploration at the Falcon Lake project in Canada.

Directors Participate in the Placement

Battery Age’s management and board have committed AU$150,000 to the placement, pending shareholder approval at the upcoming annual general meeting in November. This placement was managed by Sixty-Two Capital Pty Ltd, which will receive a 6% fee and unlisted options.

This strategic capital raise enables Battery Age Minerals to accelerate its exploration initiatives, positioning the company to capitalize on growing demand for critical minerals such as Germanium and Gallium.

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