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Investor Webinar - Investment, Offtake and Strategic Partnership with Volkswagen Group and PowerCo

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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 (TSX: PMET) ha annunciato un webinar per gli investitori ospitato dal CEO Ken Brinsden per discutere una nuova partnership strategica con il Gruppo Volkswagen e PowerCo, che include un investimento azionario e accordi di acquisto. Il webinar, programmato per il 18 dicembre 2024, si concentrerà sulle implicazioni della transazione per lo sviluppo del Progetto Litio Shaakichiuwaanaan in Quebec.

Il progetto principale dell'azienda contiene una significativa risorsa minerale di 80,1 Mt con un contenuto indicato di 1,44% Li2O e 62,5 Mt con un contenuto inferred di 1,31% Li2O, rendendolo la più grande risorsa di pegmatite di litio delle Americhe e l'ottava più grande a livello mondiale. La proprietà, accessibile tutto l'anno e vicina all'infrastruttura elettrica, ospita diversi cluster di pegmatite di spodumene non ancora testati, con ulteriore potenziale di esplorazione.

Patriot Battery Metals (TSX: PMET) anunció un seminario web para inversores dirigido por el CEO Ken Brinsden para discutir una nueva asociación estratégica con el Grupo Volkswagen y PowerCo, que incluye una inversión de capital y acuerdos de compra. El seminario web, programado para el 18 de diciembre de 2024, se centrará en las implicaciones de la transacción para el desarrollo del Proyecto de Litio Shaakichiuwaanaan en Quebec.

El proyecto insignia de la empresa contiene un recurso mineral significativo de 80,1 Mt con un contenido indicado de 1,44% Li2O y 62,5 Mt con un contenido inferido de 1,31% Li2O, lo que lo convierte en el recurso de pegmatita de litio más grande de las Américas y el octavo más grande a nivel mundial. La propiedad, accesible durante todo el año y cerca de la infraestructura eléctrica, alberga múltiples grupos de pegmatita de espodumena sin probar, con un potencial adicional de exploración.

패트리엇 배터리 메탈스 (TSX: PMET)는 CEO 켄 브린스던이 주최하는 투자자 웨비나를 발표하며, 폭스바겐 그룹과 파워코와의 새로운 전략적 파트너십에 대해 논의합니다. 이는 지분 투자 및 구매 계약을 포함합니다. 2024년 12월 18일에 예정된 웨비나는 샤키치와나안 리튬 프로젝트 개발에 대한 거래의 함의에 초점을 맞출 것입니다.

회사의 주요 프로젝트는 80.1 Mt의 자원 추정치에 대해 1.44% Li2O62.5 Mt의 자원 추정치에 대해 1.31% Li2O를 포함한 중요한 광물 자원을 보유하고 있으며, 이는 아메리카에서 가장 큰 리튬 페그마타이트 자원이며 세계에서 8번째로 큰 자원입니다. 이 부지는 연중 내내 접근 가능하며 전력 인프라와 가까운 위치에 있으며, 추가 탐사 가능성을 가진 여러 개의 시험되지 않은 스포듐렌 페그마타이트 군집을 포함하고 있습니다.

Patriot Battery Metals (TSX: PMET) a annoncé un webinaire pour les investisseurs organisé par le PDG Ken Brinsden afin de discuter d'un nouveau partenariat stratégique avec le Groupe Volkswagen et PowerCo, y compris un investissement en actions et des contrats d'achat. Le webinaire, prévu pour le 18 décembre 2024, se concentrera sur les implications de la transaction pour le développement du Projet de Lithium Shaakichiuwaanaan au Québec.

Le projet phare de l'entreprise contient une ressource minérale significative de 80,1 Mt avec un contenu indiqué de 1,44% Li2O et 62,5 Mt avec un contenu estimé de 1,31% Li2O, ce qui en fait la plus grande ressource de pegmatite de lithium des Amériques et la huitième au monde. La propriété, accessible toute l'année et proche de l'infrastructure énergétique, abrite plusieurs amas de pegmatite de spodumène non testés, avec un potentiel d'exploration supplémentaire.

Patriot Battery Metals (TSX: PMET) hat ein Webinar für Investoren angekündigt, das von CEO Ken Brinsden geleitet wird, um eine neue strategische Partnerschaft mit der Volkswagen Gruppe und PowerCo zu besprechen, einschließlich Eigenkapitalinvestitionen und Abnahmevereinbarungen. Das Webinar, das für den 18. Dezember 2024 geplant ist, wird sich auf die Auswirkungen der Transaktion auf die Entwicklung des Shaakichiuwaanaan Lithium-Projekts in Quebec konzentrieren.

Das Flaggschiffprojekt des Unternehmens enthält eine bedeutende Mineralressource von 80,1 Mt mit 1,44% Li2O angezeigt und 62,5 Mt mit 1,31% Li2O geschätzt, was es zur größten Lithium-Pegmatitressource in den Amerikas und zur achtgrößten weltweit macht. Das Grundstück ist ganzjährig zugänglich und in der Nähe der Energieinfrastruktur, mit mehreren ungetesteten Spodumen-Pegmatit-Ansammlungen und zusätzlichem Erkundungspotenzial.

Positive
  • Strategic partnership secured with major automotive player Volkswagen Group and PowerCo
  • Largest lithium pegmatite resource in the Americas (80.1 Mt Indicated, 62.5 Mt Inferred)
  • Year-round accessible property with proximity to power infrastructure
Negative
  • None.

VANCOUVER, BC, Dec. 18, 2024 /PRNewswire/ - December 18, 2024 – Sydney, Australia

Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to advise that Ken Brinsden, the Company's President, CEO and Managing Director, will host a live investor webinar today, December 18, 2024, following the announcement of an equity investment, off-take and strategic partnership with Volkswagen Group and PowerCo.

Mr Brinsden will discuss the strategic rationale and implications of the transaction for Patriot and its strategy to develop the Shaakichiuwaanaan Lithium Project in Quebec, Canada.

There will be an opportunity for investors, analysts and shareholders to submit questions via the Q&A tab within the webinar portal following the completion of Mr Brinsden's presentation. Alternatively, questions can be submitted in advance via email to the Company's Investor Relations Manager, Mr Olivier Caza-Lapointe, at ocazalapointe@patriotbatterymetals.com.

Registration Details

North American Time Zone – Commencing at 8.00am Canadian Eastern Standard Time and will last approximately 45 minutes. Investors, shareholders and media can register to attend the webinar via the following link:

https://www.bigmarker.com/read-corporate/Patriot-Battery-Metals

A recording of the webinar will be released through Patriot's website and social media platforms for the benefit of investors who are unable to attend the live webinar.  

About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Property (formerly known as Corvette) located in the Eeyou Istchee James Bay region of Québec, Canada, which is accessible year-round by all-season road and is proximal to regional powerline infrastructure. The Shaakichiuwaanaan Mineral Resource[1], which includes the CV5 & CV13 spodumene pegmatites, totals 80.1 Mt at 1.44% Li2O Indicated, and 62.5 Mt at 1.31% Li2O Inferred, and ranks as the largest lithium pegmatite resource in the Americas, and the 8th largest lithium pegmatite resource in the world. Additionally, the Shaakichiuwaanaan Property hosts multiple other spodumene pegmatite clusters that remain to be drill tested, as well as significant areas of prospective trend that remain to be assessed.

For further information, please contact us at info@patriotbatterymetals.com or by calling +1 (604) 279-8709, or visit www.patriotbatterymetals.com. Please also refer to the Company's continuous disclosure filings, available under its profile at www.sedarplus.ca and www.asx.com.au, for available exploration data.

Competent Person Statement (ASX Listing Rule 5.23)

The mineral resource estimate in this release was reported by the Company in accordance with ASX Listing Rule 5.8 on August 5, 2024. The Company confirms that, as of the date of this announcement, it is not aware of any new information or data verified by the competent person that materially affects the information included in the announcement and that all material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed. The Company confirms that, as at the date of this announcement, the form and context in which the competent person's findings are presented have not been materially modified from the original market announcement

This news release has been approved by the Board of Directors.
"KEN BRINSDEN"
Kenneth Brinsden, President, CEO, & Managing Director.

__________________________________

1

The Company's "NI 43-101 Technical Report Preliminary Economic Assessment for the Shaakichiuwaanaan Project" dated August 21, 2024 was prepared by Todd McCracken, P.Geo., Hugo Latulippe, P.Eng., Shane Ghouralal, P.Eng., MBA, Luciano Piciacchia, P.Eng., Ph.D, Ryan Cunningham, M.Eng., P.Eng. and Nathalie Fortin, P.Eng., M.Env., and is available on SEDAR+. Shaakichiuwaanaan (CV5 & CV13) Mineral Resource Estimate (80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5 Indicated, and 62.5 Mt at 1.31% Li2O and 147 ppm Ta2O5 ppm Inferred) is reported at a cut-off grade of 0.40% Li2O (open pit), 0.60% Li2O (underground CV5), and 0.80% Li2O (underground CV13) with an Effective Date of June 27, 2024 (through drill hole CV24-526). Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability.

 

Cision View original content:https://www.prnewswire.com/news-releases/investor-webinar--investment-offtake-and-strategic-partnership-with-volkswagen-group-and-powerco-302334767.html

SOURCE Patriot Battery Metals Inc.

FAQ

What is the size of Patriot Battery Metals' (PMETF) Shaakichiuwaanaan lithium resource?

The Shaakichiuwaanaan resource contains 80.1 Mt at 1.44% Li2O in the Indicated category and 62.5 Mt at 1.31% Li2O in the Inferred category, making it the largest lithium pegmatite resource in the Americas.

What is the significance of Volkswagen Group and PowerCo partnership for PMETF?

The partnership includes equity investment and off-take agreements, representing a strategic alliance with a major automotive manufacturer for Patriot Battery Metals' lithium development.

Where is PMETF's Shaakichiuwaanaan Lithium Project located?

The Shaakichiuwaanaan Project is located in the Eeyou Istchee James Bay region of Québec, Canada, with year-round access via all-season road and proximity to regional power infrastructure.

What is the global ranking of PMETF's Shaakichiuwaanaan lithium resource?

The Shaakichiuwaanaan lithium resource ranks as the 8th largest lithium pegmatite resource in the world.

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