Battery Mineral Resources Corp. (TSXV: BMR | OTCQB: BTRMF) has released a performance update for its wholly owned subsidiary ESI Energy Services Inc., reporting strong first-half 2026 financial results and outlining plans to significantly expand ESI's manufacturing footprint in Phoenix, Arizona. ESI generated revenue of approximately C$16.4 million for the six months ended June 30, 2026, a 51% increase over the same period in 2025. The update signals accelerating operational momentum at ESI and positions the subsidiary for further capacity growth, drawing investor attention to BMR's energy services business.

Key Points

  • Battery Mineral Resources Corp. (TSXV: BMR | OTCQB: BTRMF) released an ESI Energy Services performance and expansion update.
  • ESI revenues rose 51% to approximately C$16.4 million in the first half of 2026, with Adjusted EBITDA reaching approximately C$6.6 million, roughly double the prior year figure.
  • A proposed new Phoenix facility would approximately triple ESI's current manufacturing footprint, with full operations targeted for early Q2 2027.
  • Investors may be watching whether lease and related arrangements for the Phoenix facility are finalised on schedule and whether revenue momentum continues into the second half of 2026.

ESI Revenue and Earnings Nearly Double in First-Half 2026

For the six months ended June 30, 2026, ESI Energy Services recorded revenue of approximately C$16.4 million, up from approximately C$10.9 million in the corresponding 2025 period. Income from continuing operations rose to approximately C$4.8 million from approximately C$1.5 million a year earlier. Adjusted EBITDA, a non-IFRS measure, reached approximately C$6.6 million compared with approximately C$3.2 million in the first half of 2025, representing a roughly 108% increase. BMR notes that Adjusted EBITDA does not have a standardised IFRS meaning and may not be comparable to similar measures from other issuers.

Phoenix Facility Expansion Aims to Triple Manufacturing Footprint

Battery Mineral Resources disclosed that ESI is advancing plans for a proposed new manufacturing facility in Phoenix, Arizona, that would approximately triple its current manufacturing footprint. The company states that equipment installation and relocation activities are expected to begin in December 2026, subject to completion of the lease and related arrangements, with the facility targeted to become fully operational in early Q2 2027. The release states the expanded facility is expected to provide greater manufacturing capacity, improved production flow, increased vertical integration, and additional space for ESI's growing portfolio of specialised energy equipment.

Energy Infrastructure Demand and AI Data Centres Cited as Growth Drivers

BMR's CEO Lazaros Nikeas commented in the release that continued investment in energy infrastructure across the United States and abroad — including to support artificial intelligence data centre growth — positions ESI to capitalise on emerging opportunities. The company noted support from a new commercial banking partner in advancing the Phoenix expansion plans. ESI, operating under the Ozzies, Inc. brand, serves the renewable and conventional energy sectors, including large-scale solar, wind, oil and gas, and utility infrastructure projects from its Phoenix, Arizona headquarters.