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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 has launched its 2024 Summer-Fall exploration program at the Corvette Property in Quebec. The program includes extensive drilling to expand the Vega Zone and infill drilling at the CV5 Pegmatite. Two rigs are currently drilling at CV13, with additional rigs to join in July for further testing. The initiative also includes geotechnical and hydrogeological drilling to support feasibility studies, aiming to update Mineral Resource Estimates (MRE) by August 2024. A new all-season road and expanded exploration camp enhance operational efficiency and cost-effectiveness. Environmental baseline data collection continues in partnership with First Nations, supporting the Environmental and Social Impact Assessment (ESIA) due in September 2025.

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Patriot Battery Metals Inc. has announced final assay results from its 2024 winter drill program at the CV5 Spodumene Pegmatite on the Corvette Property in Quebec. Highlights include substantial lithium mineralization, such as 124.9 meters at 1.72% Li2O and 35.6 meters at 3.78% Li2O. The program aimed to upgrade the confidence of the Mineral Resource Estimate (MRE) from Inferred to Indicated, targeting a Q3 2024 update. The final batch of core assays showed consistent high-grade lithium intersections over significant intervals. The Corvette Property, covering various pegmatite clusters, remains a promising site for lithium exploration, with plans for a Preliminary Economic Assessment in September 2024. The company is confident in achieving meaningful resource conversion in its pending MRE update.

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Patriot Battery Metals announced significant drill results from the CV13 Spodumene Pegmatite's high-grade Vega Zone at its Corvette Property in Quebec.

Key highlights include:

  • 33.4m at 2.40% Li2O, including 11.1m at 4.33% Li2O, and 17.6m at 1.89% Li2O
  • 43.2m at 1.10% Li2O, including 12.9m at 3.06% Li2O
  • The highest individual core sample assay reported to date at Corvette: 1.7m at 7.01% Li2O

The Vega Zone is open in multiple directions, and additional results from 83 holes are pending.

The CV13 Spodumene Pegmatite extends over a 2.3 km strike length and remains open at both ends and depth.

An updated MRE for the Corvette Project, incorporating drilling through April 2024, is scheduled for Q3 2024.

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Patriot Battery Metals announced strong lithium mineralization results from infill drilling at the CV5 Spodumene Pegmatite on their Corvette Property in Quebec. Highlights include 122.5 m at 1.42% Li2O, 71.4 m at 1.57% Li2O, 68.7 m at 1.56% Li2O, and 74.9 m at 1.28% Li2O. The 2024 winter drill program aimed to upgrade the mineral resource confidence from inferred to indicated, with results to be included in an updated Q3 2024 resource estimate. Multiple high-grade zones at CV13 remain to be reported. The Corvette Property hosts 109.2 Mt at 1.42% Li2O inferred, positioning it among the largest lithium pegmatite resources in the Americas.

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On May 15, 2024, Patriot Battery Metals announced the conclusion of their nine-month Memorandum of Understanding (MOU) with Albemarle. This decision allows Patriot to explore new strategic partnerships in the downstream lithium sector. With the MOU's termination, all exclusive rights granted to Albemarle have expired, enabling Patriot to engage with multiple downstream companies. The completion of this agreement coincides with growing industry interest in Patriot's Corvette Project, a major supplier of high-quality raw materials for lithium-ion batteries. The project boasts a maiden mineral resource estimate of 109.2 Mt at 1.42% Li2O and is one of the largest lithium pegmatite resources in the Americas. The funding from Albemarle facilitated several critical infrastructure developments, including a winter drill program. Patriot aims to capitalize on new strategic opportunities to maximize shareholder value.

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Patriot Battery Metals Inc. announces the discovery of a new high-grade zone at the CV13 Spodumene Pegmatite in the Corvette Project, Quebec. The winter drill program yielded positive results with mineralization at shallow depth and open in multiple directions. The Company is on track for a maiden mineral resource estimate in Q3 2024.

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Patriot Battery Metals Inc. expands its land position at the Corvette Property through the acquisition of a proximal claim block from Azimut Exploration Inc. The acquisition includes 39 claims located in Quebec, enhancing the company's exploration potential for lithium, cesium, and tantalum. The deal involves a cash payment of $500,000, issuance of 150,000 common shares to Azimut, and a 2% net smelter returns royalty interest. The completion is pending TSX approval.

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Patriot Battery Metals Inc. reports strong lithium mineralization results from CV5 at Corvette, with wide intervals and high Li2O grades. The 2024 winter drill program aimed to upgrade mineral resource confidence from inferred to indicated category. An updated mineral resource estimate is scheduled for Q3 2024.

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Patriot Battery Metals Inc. announces strong assay results from the final 2023 drill hole program at the CV5 Spodumene Pegmatite in the Eeyou Istchee James Bay region of Quebec. The results show high-grade intercepts, extended strike length, and potential resource growth. The Company plans to release an updated Mineral Resource Estimate (MRE) in Q3 2024 to upgrade the resource category at CV5 and include a maiden resource at CV13.
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Patriot Battery Metals Inc. achieves a key permitting milestone for its Corvette Project with the receipt of guidelines from the Ministry. The guidelines outline the scope and nature of the impact study required for the Project, advancing the approvals process. The Company anticipates submitting the complete ESIA to the Ministry in late CY25. The Corvette Project, a potential hard rock spodumene mining operation, boasts a significant lithium pegmatite resource, positioning it as one of the largest in the Americas and the world. Patriot is well-funded and actively conducting drilling and exploration campaigns to further assess the project's potential.
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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 $2.4795 as of December 23, 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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