Battery Mineral Resources Corp. (TSXV:BMR) agreed to acquire remaining 10.8% interest in ESI Energy Services Inc. (CNSX:OPI) for CAD 4.2 million on February 16, 2021. The consideration will be paid in the form of CAD 0.75 per share.

As a result of the transaction, Battery Mineral will 100% of ESI Energy. The transaction must be approved by ESI shareholders at a special meeting called for that purpose, and transaction is also subject to the regulatory approval. The special meeting of ESI Energy shareholders will be held on May 25, 2021.