Welcome to our dedicated page for PATRIOT BATTERY METALS news (Ticker: PMETF), a resource for investors and traders seeking the latest updates and insights on PATRIOT BATTERY METALS stock.
Patriot Battery Metals Inc. is a hard-rock lithium exploration company focusing on advancing its Corvette Property in Quebec, Canada. The company recently announced core assay results for drill holes completed in 2024 and an acquisition to expand its land position. With a maiden mineral resource estimate of 109.2 Mt at 1.42% Li2O inferred, the CV5 Spodumene Pegmatite is central to their operations. The company's winter drill programs unearthed a new high-grade zone at the CV13 Spodumene Pegmatite, known as the Vega Zone, and core assay results indicate impressive lithium grades and continuity in the area. Patriot Battery Metals remains committed to further exploration and resource expansion throughout the Corvette Project.
Patriot Battery Metals has achieved significant ESG milestones for its Shaakichiuwaanaan Lithium Project in Quebec. The company received UL 2723 ECOLOGO® Certification for mineral exploration and published its 2023 Sustainable Development Report. Extensive environmental baseline data collection has been completed, including water quality monitoring at 24 stations, hydrology studies at 11 locations, and comprehensive surveys of fish habitats, soil quality, wildlife, and vegetation.
The Environmental and Social Impact Assessment (ESIA) remains on track for submission in the second half of 2025. The company has also updated its website with additional ESG information, including new policies on Health & Safety, Environment, Community Relations, and Local & Responsible Procurement.
Patriot Battery Metals has nearly completed its 2024 drill campaign at Shaakichiuwaanaan Property in Quebec, drilling ~127,700 m across 428 holes. Results for over 65,000 m remain pending. The campaign focuses on converting Inferred resources to Indicated resources at the CV5 Spodumene Pegmatite to support the Feasibility Study scheduled for Q3 2025. The company completed significant geotechnical, hydrogeological, and geomechanical drilling, including monitoring well installation and pump tests. An updated Mineral Resource Statement is targeted for March/April 2025. The project follows the August 2024 Preliminary Economic Assessment, which demonstrated strong economic potential for North American and European lithium markets.
Patriot Battery Metals Inc. (TSX: PMET) held its Annual General Shareholder Meeting on September 17, 2024, in Montreal, Quebec. All matters presented for approval were passed by the required majority. A total of 49,735,927 common shares, representing approximately 35.237% of the total issued and outstanding shares, were voted at the meeting. The company will file a detailed report of the voting results on SEDAR+ under Patriot's profile. The meeting addressed matters outlined in the Notice of Annual General Meeting of Shareholders and Information Circular dated August 5, 2024. Detailed voting results for each resolution, including director elections, are provided in Appendix 1 of the announcement.
Patriot Battery Metals Inc. (TSX: PMET) has filed a National Instrument 43-101 Preliminary Economic Assessment (PEA) Technical Report for its Shaakichiuwaanaan Project in the James Bay Region, Québec, Canada. The report, dated September 12, 2024, with an effective date of August 21, 2024, is now available on SEDAR+ and the company's website. This filing supports the previously announced PEA results from August 21, 2024, which highlighted the project's potential as a North American lithium raw materials supply base. Additionally, it confirms the significant mineral resource upgrade announced on August 5, 2024. The company states that there are no material differences between the Technical Report and the information disclosed in the earlier news releases.
Patriot Battery Metals Inc. (TSX: PMET, ASX: PMT, OTCQX: PMETF) has announced a live investor webinar to present findings from the Preliminary Economic Assessment (PEA) of its Shaakichiuwaanaan Project. The webinar, hosted by CEO Ken Brinsden, will take place on August 22, 2024, at 8:30 PM EDT. It aims to highlight the project's potential as a North American lithium raw materials supply base.
The 45-minute session will include a Q&A segment for investors, analysts, and shareholders. Questions can be submitted during the webinar or in advance via email. The event will be recorded and made available on Patriot's website and social media platforms for those unable to attend live.
Patriot Battery Metals has released a Preliminary Economic Assessment (PEA) for its Shaakichiuwaanaan Project, highlighting its potential as a significant North American lithium raw materials supply base. The PEA outlines the project's capacity to produce up to 800,000 tonnes per annum of spodumene concentrate, positioning it as a competitive and globally significant high-grade lithium project.
The PEA, which has an accuracy of ±25-30%, is based on 75% Indicated Mineral Resources and 25% Inferred Mineral Resources. The total funding required is estimated at $1,373.5 million, with $869.7 million for Stage 1 and $503.8 million for Stage 2. While the company believes it has a reasonable basis for providing forward-looking statements, it cautions that the PEA is conceptual and further studies are needed to determine economic viability.
Patriot Battery Metals (TSX: PMET) has appointed Alex Eastwood as Executive Vice President – Commercial, effective immediately. Eastwood, a highly experienced lithium commercial executive with over 28 years in mining and corporate transactions, will be based primarily in Australia. His role will contribute to Patriot's ongoing engagement with the downstream industry as the company positions itself for the future of the Shaakichiuwaanaan Project (formerly known as the Corvette Project).
Eastwood's background includes being a founding senior executive at Pilbara Minerals, where he served as General Counsel, Chief Commercial and Legal Officer, and Company Secretary. Ken Brinsden, Patriot's Managing Director, highlighted Eastwood's extensive experience in lithium raw materials and sees his appointment as an important endorsement of the Shaakichiuwaanaan Project's significance in the lithium industry.
Patriot Battery Metals has announced an updated Mineral Resource Estimate (MRE) for the Shaakichiuwaanaan Lithium Project, consolidating CV5 and CV13 spodumene pegmatites. The updated MRE includes 80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5 indicated, and 62.5 Mt at 1.31% Li2O and 147 ppm Ta2O5 inferred, making it the largest lithium pegmatite resource in the Americas and the 8th largest globally.
The project shows significant growth potential as both CV5 and CV13 remain open along strike and at depth. The company plans to provide a Preliminary Economic Assessment (PEA) by the end of Q3 2024 and aims for a Feasibility Study by Q3 2025.
The MRE highlights a substantial portion of the resources now classified as indicated, enhancing the project's credibility. The site is accessible year-round and strategically located near key infrastructure. Ongoing infill drilling and exploration are set to further upgrade resources and support future development.
Patriot Battery Metals (TSX: PMET) announced a significant Exploration Target for its Shaakichiuwaanaan Lithium Project in Quebec, Canada. The target outlines 146 to 231 Mt at 1.0 to 1.5% Li2O, highlighting the project's potential for additional tonnage. This is in addition to the recently announced Mineral Resource Estimate.
Key points:
- Exploration Target considers only the CV Lithium Trend and proximal areas
- Completed by independent consultant BBA Engineering
- Based on extensive data including surface samples, outcrop mapping, drill holes, and geophysical surveys
- Potential quantity and grade are conceptual; further exploration required to define a Mineral Resource
The company plans to test the Exploration Target through future drilling programs starting in 2025.
Patriot Battery Metals Inc. (TSX: PMET) has renamed its Corvette Project to the Shaakichiuwaanaan Project, reflecting its commitment to the Cree Nation of Chisasibi. The name, meaning 'climbing a hill or mountain', was proposed by Chisasibi elders. A new logo incorporating Cree symbols has been developed. Over 200 communication activities have occurred with the Chisasibi community since 2022. The project has employed more than 105 First Nations workers in 2024, contributing to various site activities. Environmental data collection is conducted by a Cree enterprise. Patriot will open an office in Chisasibi in August 2024 and remains on schedule for a Mineral Resource Estimate update in August 2024.
FAQ
What is the current stock price of PATRIOT BATTERY METALS (PMETF)?
What is the market cap of PATRIOT BATTERY METALS (PMETF)?
What is Patriot Battery Metals Inc. focused on?
What recent announcement did Patriot Battery Metals Inc. make regarding their operations?
What is significant about the CV5 Spodumene Pegmatite?
What new discoveries were made during the winter drill program?
What is Patriot Battery Metals Inc.'s commitment moving forward?
