Battery Mineral Resources Appoints Lazaros Nikeas as CEO
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Battery Mineral Resources has appointed Lazaros (Laz) Nikeas as non-executive chairman and chief executive officer. Martin Kostuik has departed the positions of chief executive officer and director of the company.
“Reflecting on the last four years, the Punitaqui project has progressed from a concept with great infrastructure and a dozen employees, to a full operating entity with much improved infrastructure, an extensive mineral resource base, increasing copper production, new permits in hand, and more than 400 dedicated and skilled employees,” said Martin Kostuik.
“The operation has formed strong relationships in Chile with regulators, the local communities, vendors, suppliers, consultants, and many others. This baseline will continue to add to the success of Punitaqui — many thanks to all stakeholders,” added Kostuik.
“We wish to thank Martin Kostuik for his years of dedicated service to the company, including the acquisition, advancement, and re-start of operations at Punitaqui. The company continues to increase production at Punitaqui and is progressing several key capital investment initiatives which will ensure the continued success of operations for many years to come. We wish Martin all the best in his future endeavors,” said Laz Nikeas.
Battery Mineral Resources’ mission is to build a mid-tier copper producer and has recently initiated mine and mill operations at the Punitaqui Mining Complex, a historic copper-gold-silver producer, in the Coquimbo region of Chile. The company’s portfolio also consists of two cobalt assets and one lithium asset located in North America and two graphite assets in South Korea. The company is focused on providing shareholders accretive exposure to copper and the global mega-trend of electrification while being focused on growth through cash-flow, exploration, and acquisitions in favorable mining jurisdictions.
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