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PATRIOT BATTERY METALS - PMETF STOCK NEWS

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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.

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Patriot Battery Metals Inc. has filed a prospectus in Australia to raise AUD $4.2 million, aiming for an ASX listing. The offering will open on November 16, 2023, and close on November 21, 2022, comprising 7 million CDI at A$0.60 each. Each CDI converts to common shares at A$6.00. The offering is fully subscribed by eligible investors. Additionally, the company postponed its AGM from November 21, 2022, to February 14, 2023.

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Patriot Battery Metals Inc. (TSX-V: PMET) (OTCQB: PMETF) reports an update on its Corvette Property. The 2022 drill program concluded with 26,598 meters drilled across 90 holes, with results expected from the SGS lab. A fully financed winter/spring drill program is set to begin in January 2023, deploying five rigs. The company is in the final stages of its ASX listing process, requiring a small financing for compliance. Additionally, an Omnibus Equity Incentive Plan has been approved, allowing for the issuance of up to 18,282,343 performance units to align executive interests with shareholders.

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Patriot Battery Metals has announced promising results from its ongoing drilling campaign at the CV5 Pegmatite, part of its Corvette Property in Quebec. High-grade lithium intercepts include 0.97% Li2O over 104.5 m and 1.42% Li2O over 61.9 m, highlighting the extensive mineralization in the area. The strike length of the CV5 Pegmatite has been extended to 2,200 m, with additional secondary pegmatite lenses identified. The company has completed approximately 23,497 m of drilling over 80 holes, and plans for an aggressive 2023 drill campaign.

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Patriot Battery Metals announced the completion of a private placement of 1,507,170 charity flow-through shares at $13.27 per share, raising approximately $20 million. The funds will be allocated for Canadian exploration expenses qualifying for a 30% tax credit. CEO Blair Way highlighted this funding as vital for ongoing exploration at the Corvette project. The financing involved a commission of CAD $454,216.77 and additional broker warrants. The Company continues to explore significant lithium potential in Quebec and holds various mineral properties across North America.

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Patriot Battery Metals has announced significant progress in its 2022 drill campaign at the Corvette Property in Quebec. The first drill hole at the CV13 pegmatite cluster intersected spodumene pegmatite up to 25.5 m deep, with a second hole also showing promising mineralization. The CV5 pegmatite corridor has extended its strike length to approximately 2,100 m, including the discovery of the largest spodumene crystal to date, measuring 1.8 m. Overall, the drill campaign has produced around 19,199 m over 65 holes, indicating strong lithium potential.

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Patriot Battery Metals has announced the formation of a Project Steering Group (PSG) for its Corvette Project, reporting directly to the Board of Directors. The PSG includes key figures such as CEO Blair Way and lithium expert Brett Grosvenor, aiming to enhance exploration and development activities. The Corvette Project shows significant lithium potential, with drill results indicating impressive Li2O concentrations. Additionally, the company has granted Grosvenor 250,000 stock options as part of its compensation package.

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Patriot Battery Metals Inc. has announced plans for a dual listing on the ASX and TSX-V after receiving in-principle approval from ASX. The firm expects to submit its listing prospectus in October 2022, with trading on ASX anticipated to begin by year-end, pending the completion of all conditions. Patriot's key asset is the Corvette Property in Quebec, noted for its lithium potential, and other assets include the Freeman Creek Gold Property in Idaho. The company emphasizes that there are no guarantees regarding the ASX listing process.

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Patriot Battery Metals has expanded its land holdings in the La Grande Greenstone Belt by acquiring a 100% interest in the Pontois West Property, consisting of 31 contiguous claims totaling 1,587.2 hectares in Quebec. This acquisition brings an additional 8.3 km of lithium pegmatite trend, enhancing the company's exploration potential near its Corvette Property. The purchase involves a cash payment of $100,000 CAD and the issuance of 220,000 common shares, subject to TSX Venture Exchange approval.

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Patriot Battery Metals (TSX-V: PMET, OTCQB: PMETF) announced significant lithium intercepts from its ongoing drilling campaign at the Corvette Property in Quebec. Noteworthy findings include drill hole CV22-042, which recorded 1.65% Li2O over 159.7 m, featuring a peak of 4.12% Li2O over 9 m. The principal pegmatite body has now been extended to at least 2,000 m. The summer program has totaled 15,497 m across 53 drill holes, with high-grade tantalum grades also featuring in recent assays. The company continues to explore potential along the CV Lithium Trend.

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Patriot Battery Metals Inc. has appointed Ken Brinsden as Non-Executive Chairman, effective August 22, 2022. Brinsden, a mining engineer with 30 years of experience, previously led Pilbara Minerals, transforming it into a significant player in the lithium market. His expertise is expected to benefit Patriot, particularly in advancing the Corvette property, which shows substantial lithium potential. Brinsden has been granted 2 million stock options, highlighting the company's commitment to leveraging his leadership for future growth in the North American lithium supply chain.

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FAQ

What is the current stock price of PATRIOT BATTERY METALS (PMETF)?

The current stock price of PATRIOT BATTERY METALS (PMETF) is $2.463 as of December 24, 2024.

What is the market cap of PATRIOT BATTERY METALS (PMETF)?

The market cap of PATRIOT BATTERY METALS (PMETF) is approximately 285.7M.

What is Patriot Battery Metals Inc. focused on?

Patriot Battery Metals Inc. is primarily focused on hard-rock lithium exploration, with a key interest in advancing its Corvette Property in Quebec, Canada.

What recent announcement did Patriot Battery Metals Inc. make regarding their operations?

The company recently announced core assay results for drill holes completed in 2024 and an acquisition to expand its land position adjacent to the Corvette Property.

What is significant about the CV5 Spodumene Pegmatite?

The CV5 Spodumene Pegmatite, with a maiden mineral resource estimate of 109.2 Mt at 1.42% Li2O inferred, plays a central role in Patriot Battery Metals Inc.'s operations.

What new discoveries were made during the winter drill program?

The winter drill programs at the CV13 Spodumene Pegmatite uncovered a new high-grade zone known as the Vega Zone, demonstrating impressive lithium grades and continuity.

What is Patriot Battery Metals Inc.'s commitment moving forward?

The company remains dedicated to further exploration and resource expansion at the Corvette Project, focusing on the recently discovered high-grade Vega Zone at the CV13 Spodumene Pegmatite.

PATRIOT BATTERY METALS

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285.74M
89.74M
2.32%
5.05%
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