- Battery Mineral Resources (BMR) strengthens board and management with new appointments
- Martin Kostuik has been appointed as Battery Mineral’s new Chief Executive Officer and as a Director of the Board
- Laz Nikeas will continue to serve as Executive Chairman of the Board
- Kostuik joins Battery Mineral from Arizona Gold Corporation where he served as President and Director of the Board for the last four years
- Battery Mineral Resources Corp. (BMR) is down 8.62 and is trading at C$0.53 at 12 pm ET
Battery Mineral Resources Corp. (BMR) is pleased to announce that Martin Kostuik has been appointed as Battery Mineral’s new Chief Executive Officer and as a Director of the Board.
Laz Nikeas will continue to serve as Executive Chairman of the Board.
Commenting on the new appointments, Laz Nikeas, Executive Chairman, said,
“On behalf of everyone at the Company, I would like to welcome Martin to the BMR team.”
“Martin’s proven track record in working with developing mining companies will be invaluable as we continue to advance our corporate strategy,” added Nikeas.
Kostuik (B.Sc., MBA) is a mining engineer and senior executive with 28 years of diversified experience in the mining industry.
Kostuik joins Battery Mineral from Arizona Gold Corporation where he served as President and Director of the Board for the last four years. Kostuik established and executed the business, operating and funding plan to determine the feasibility of placing the Copperstone mine into production.
On the heels of an early successful marketing effort in North America and Europe, he was able to organize an equity financing which helped launch Battery Mineral back into commercial activity and concluded with forming and executing a plan to place the Copperstone Mine into production.
He then formed relationships with several project funding groups that culminated in a strategic partnership with a major mining-centred capital funding group which is providing a key portion of the project financing required for the re-start of the Copperstone mine.
Prior to that, Kostuik was with Luna Gold Corporation where he was Senior Vice President of Operations and Development, responsible for operations, development, capital projects, environmental, government and community relations. He helped to reorganize existing financing and obtain new financing to maintain debt covenants and protect solvency.
Kostuik stated,
“The team at BMR has done a tremendous job in assembling a large base with quality, undervalued battery metals projects in mining-friendly jurisdictions within North America and South Korea.”
“I am delighted to be joining the BMR team and am excited about the opportunity to lead BMR by continuing to advance our corporate strategy by realizing the value of our current projects for our shareholders while bolstering our platform with additional accretive investments in this exciting and growing space,” concluded Kostuik.
Battery is a Canadian-based, multi-commodity resource company.
Battery Mineral Resources Corp. (BMR) is down 8.62 and is trading at C$0.53 at 12 pm ET.
