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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.
Patriot Battery Metals has announced successful preliminary Dense Media Separation (DMS) tests on drill core from the CV5 Pegmatite, achieving a 79% lithium recovery and producing a 5.8% Li2O spodumene concentrate with low iron content (0.60% Fe2O3).
The results confirm earlier Heavy Liquid Separation tests and suggest a viable DMS-driven process without flotation. The DMS technique promises lower capital and operational expenses and is more environmentally sustainable than traditional methods, supporting a simpler process for the Corvette Lithium Project.
On December 13, 2022, Patriot Battery Metals announced significant assay results from twelve drill holes at the CV5 Pegmatite on its Corvette Property in Quebec. Highlights include drill hole CV22-066, which returned 113.4 m at 1.61% Li2O, featuring twenty samples over 3.00% Li2O, including two above 6.00% Li2O. The drill campaign's continued high-grade results have extended the CV5 Pegmatite mineralization over a 2,200 m strike length. A winter road construction is underway to facilitate the 2023 drilling program, aiming to enhance resource confidence and support a Prefeasibility Study.
Patriot Battery Metals Inc. announced the commencement of its quotation on the ASX at 12 PM AEDT on December 7, 2022. The company raised AUD $4,200,000 through the issuance of 7,000,000 CHESS Depositary Interests (CDIs) at AUD $0.60 each. CEO Blair Way highlighted the ASX listing as a major milestone, indicating an upcoming flow of assay results. The company’s flagship Corvette Property in Québec shows significant lithium potential with drill intercepts of up to 3.01% Li2O.
Patriot Battery Metals Inc. (TSX-V: PMET, OTCQB: PMETF) has completed its initial public offering on the Australian Securities Exchange (ASX), raising AUD$4.2 million. The offering involved 7 million CHESS Depository Interests (CDIs), with trading expected to initiate on December 7, 2022. The company is preparing to release a backlog of assay results following this listing. Patriot focuses on mineral exploration, particularly battery and precious metals, with its flagship asset being the Corvette Property in Québec, known for significant lithium potential.
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.
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.
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.
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.
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.
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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