Battery Age Minerals Secures $3M to Kickstart High-Grade Drilling in Austria and Argentina

Capital Raising to Fuel Exploration Momentum

Battery Age Minerals Ltd (ASX, BM8) has announced a successful capital raising of A$3 million, designed to accelerate drilling programs at two of its flagship projects, the Bleiberg Germanium-Zinc Project in Austria and the El Aguila Gold-Silver Project in Argentina. The funds were raised through a two-tranche placement priced at $0.05 per share, representing a modest discount to recent trading prices, and accompanied by free-attaching options exercisable at $0.10 over three years.

This capital injection not only strengthens the company's balance sheet but also brings a fresh cohort of professional and sophisticated investors on board, alongside continued support from existing shareholders and the Battery Age board and management team. The placement underscores investor confidence in Battery Age’s strategic focus on critical minerals essential for emerging technologies.

Targeting High-Grade Germanium and Precious Metals

The maiden drilling campaign at Bleiberg is poised to commence imminently, targeting a historically rich 10-kilometre corridor known for high-grade germanium, zinc, and lead mineralisation. Bleiberg’s legacy as a significant germanium producer aligns with the European Union’s urgent push for secure and sustainable sources of critical raw materials, particularly germanium, which is vital for microchips, semiconductors, and advanced defence technologies.

Simultaneously, Battery Age is advancing exploration at El Aguila in Argentina’s Santa Cruz province, a region renowned for its mining pedigree. Surface sampling has revealed exceptional grades of gold and silver, with recent geophysical surveys identifying multiple new targets ahead of the planned maiden drilling campaign. This dual focus on base and precious metals positions Battery Age to capitalize on diverse market demands.

Strategic and Financial Considerations

The placement is structured in two tranches, with the first tranche raising approximately $1.5 million under existing placement capacity, and the second tranche subject to shareholder approval expected in August 2025. The inclusion of director and management participation in the second tranche signals alignment of interests within the company’s leadership.

Broker fees and options issued to Joint Lead Managers Euroz Hartleys Limited and 62 Capital Pty Ltd reflect standard market practice, while the company’s intention to list the new options on the ASX adds liquidity and potential upside for investors. The proceeds will also cover acquisition costs related to El Aguila and general working capital, ensuring operational flexibility as exploration advances.

Outlook and Market Context

Battery Age’s timing is notable, as global demand for critical minerals intensifies amid technological innovation and geopolitical shifts. The company’s focus on germanium-rich deposits in Europe and high-grade precious metals in South America offers a compelling narrative for investors seeking exposure to strategic materials with strong end-market drivers.

With drilling about to commence and shareholder approval pending for the second tranche, the coming months will be pivotal in translating exploration potential into tangible results. Market participants will be watching closely for assay outcomes and further developments that could reshape Battery Age’s valuation and sector standing.