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. (PMETF) maintains this comprehensive news hub for stakeholders tracking its lithium exploration activities in Québec's James Bay region. Access verified updates on drilling programs, resource estimates, and strategic developments at the district-scale Shaakichiuwaanaan lithium project.
This centralized resource provides investors with essential updates including NI 43-101 technical reports, metallurgical test results, and partnership announcements. Regular updates cover exploration progress across multiple pegmatite clusters, infrastructure developments, and processing innovations using dense media separation technology.
Key content categories include quarterly exploration summaries, mineral resource updates, strategic partnership details, and technical disclosures about spodumene concentrate quality. All materials adhere to Canadian mining disclosure standards, ensuring reliability for investment research and sector analysis.
Bookmark this page for direct access to Patriot Battery Metals' official communications. Check regularly for updates on one of North America's most significant hard-rock lithium developments, positioned to supply critical materials for global battery production chains.
Patriot Battery Metals (PMETF) has confirmed a significant cesium discovery at its Shaakichiuwaanaan Property in Quebec, with two distinct zones identified at the CV13 Pegmatite: the Vega Zone and Rigel Zone. The Vega Zone spans ~600m x 400m with thicknesses of 1-2m to >10m, while the Rigel Zone covers ~200m x 80m up to ~5m thick.
Key drill intercepts include:
- Vega Zone: 18.1m at 2.71% Cs2O (including 7.4m at 5.45%)
- Rigel Zone: 5.9m at 11.19% Cs2O (including 1.0m at 22.69%)
The discovery adds potential value to the existing lithium project, which has a Mineral Resource Estimate of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. The cesium mineralization could become a meaningful by-product to future lithium operations, given cesium's high value and rarity in global markets.
Patriot Battery Metals (TSX: PMET) has announced the immediate appointment of Frederic Mercier-Langevin as Chief Development / Operating Officer (CDO/COO). He will lead the development of the company's Shaakichiuwaanaan Project.
Mercier-Langevin brings over 20 years of experience in mining operations, with a background as a Mining Engineer and a Masters in Rock Mechanics. His expertise spans both open pit and underground mining environments, having held senior executive positions at Agnico Eagle Mines and Wesdome Gold Mines
The appointment aims to strengthen the executive team's capabilities as they progress toward completing the Feasibility Study and ESIA for the Shaakichiuwaanaan Project. His extensive experience in commissioning and operations, particularly in large-scale mining in the North, coupled with his knowledge of Quebec conditions, positions him as a strategic addition to the company's leadership.
Patriot Battery Metals (TSX: PMET) has announced the discovery of a new spodumene pegmatite cluster, CV15, at its Shaakichiuwaanaan Property in Quebec. The discovery features multiple pegmatite outcrops over a 400m x 200m area, with outcrop sample assays of up to 2.11% Li2O.
The CV15 discovery extends the prospective 'Mickel Trend' to ~5.5 km in length, surpassing the CV5 Pegmatite (4.6 km). The property currently hosts a Mineral Resource Estimate of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred.
Additional discoveries include a new LCT pegmatite outcrop ~525m from CV8 Spodumene Pegmatite with 2,282 ppm Ta2O5, and multiple mineralized boulders suggesting potential undiscovered spodumene pegmatites near the CV5 Deposit.
Patriot Battery Metals (TSX: PMET) has discovered a significant cesium mineralization zone at its CV13 Pegmatite in the Shaakichiuwaanaan Property, Quebec. The primary enrichment zone, coinciding with the high-grade lithium Vega Zone, spans approximately 600m x 400m and remains open.
Key drilling results include:
- 10.4m at 1.30% Cs2O (including 4.0m at 2.02% Cs2O) at CV5
- 10.6m at >1.00% Cs2O at CV13
- 17.1m at >1.00% Cs2O at CV13
- 10.5m at 9.58% Cs2O at CV12
The property currently holds a Mineral Resource Estimate of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. Pollucite, a rare cesium ore mineral, has been identified through XRD analysis and could potentially become a valuable by-product to future lithium operations.
Patriot Battery Metals (PMETF) has announced final results from its 2024 summer-fall in-fill drill program at the CV5 Spodumene Pegmatite. The program yielded multiple high-grade lithium intercepts, including 153.8m at 2.00% Li2O and 142.9m at 1.77% Li2O.
The company completed 431 holes (128,052m) in 2024, with this final batch reporting results from 98 holes (31,513m). The drilling campaign has established Shaakichiuwaanaan as the largest hard rock lithium resource in the Americas, with a Mineral Resource Estimate of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred.
All necessary drilling for the upcoming Feasibility Study and maiden Ore Reserve Estimate is now complete, with delivery targeted for Q3-2025. The CV5 Pegmatite remains open at both ends and depth along its 4.6 km strike length.
Patriot Battery Metals has initiated its 2025 winter drill program at the Shaakichiuwaanaan Property in Quebec, targeting 15,000 meters of drilling from January to April. The program focuses on three main objectives: extending the high-grade Vega Zone westward, testing the CV5 to CV13 pegmatite corridor, and completing condemnation drilling for waste rock pile locations.
The property hosts a consolidated Mineral Resource of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. Up to four drill rigs will be deployed, with two already operational. The company has partnered with Cree-owned Forage Construction Muskw for drilling services.
Core assay results for 98 drill holes (31,513 m) from fall 2024 are pending, with results expected in the coming weeks. The company remains on track to deliver a Feasibility Study and maiden Ore Reserve Estimate in Q3 2025.
Patriot Battery Metals has closed a strategic C$69 million (US$48 million) private placement with Volkswagen Group, giving VW approximately 9.9% ownership of Patriot's issued and outstanding Common Shares. The investment proceeds will fund exploration, development, and a Feasibility Study for the Shaakichiuwaanaan Lithium Project in Quebec.
The deal includes a binding offtake agreement with VW's battery manufacturer PowerCo SE for 100,000 tonnes of spodumene concentrate annually over 10 years. An Investor Rights Agreement grants Volkswagen participation rights in future equity raises and includes a voting support covenant. Additionally, a non-binding MoU establishes a strategic relationship between PowerCo and Patriot to explore shared objectives, including potential development of a chemical conversion facility and establishing a sustainable battery supply chain.
Patriot Battery Metals (PMETF) has secured a strategic partnership with Volkswagen and PowerCo through a C$69 million investment, representing a 9.9% stake in the company at C$4.42 per share. The deal includes a 10-year binding offtake agreement with PowerCo for 100,000 tonnes of spodumene concentrate annually, representing ~25% of Stage 1 or ~12.5% of combined Stage 1 and Stage 2 production from the Shaakichiuwaanaan Lithium Project.
The subscription price represents a significant premium of 65% and 35% to the 30-day and 90-day volume weighted average trading prices. The partnership includes a strategic MoU to explore downstream opportunities, including potential chemical conversion facility development and ESG initiatives. Volkswagen will gain representation on an advisory technical committee and rights for future equity participation.
Patriot Battery Metals (TSX: PMET) announced an investor webinar hosted by CEO Ken Brinsden to discuss a new strategic partnership with Volkswagen Group and PowerCo, including equity investment and off-take agreements. The webinar, scheduled for December 18, 2024, will focus on the transaction's implications for developing the Shaakichiuwaanaan Lithium Project in Quebec.
The company's flagship project contains a significant mineral resource of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred, making it the largest lithium pegmatite resource in the Americas and 8th largest globally. The property, accessible year-round and near power infrastructure, hosts multiple untested spodumene pegmatite clusters with additional exploration potential.
Patriot Battery Metals announced significant drilling results from its CV13 Spodumene Pegmatite at the Shaakichiuwaanaan Property. Key highlights include multiple high-grade lithium intersections, notably 31.2 m at 3.35% Li2O, including 4.7 m at 5.37% Li2O, and a record-setting sample of 7.11% Li2O - the highest-grade core sample collected from the Property to date.
The drilling program successfully expanded the high-grade Vega Zone, which remains open in multiple directions and covers an area of ~0.7 km x 0.4 km. The company identified a structural corridor extending approximately 3.3 km towards the CV12 Spodumene Pegmatite, significantly enhancing the area's prospectivity for future exploration in 2025.
