Patriot Battery Metals ASX Listing Update

Rhea-AI Summary

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.

Positive

• Anticipated dual listing on ASX expected to expand investor access.
• Flagship Corvette Property showing significant lithium potential with drill intercepts of up to 3.01% Li2O.

Negative

• There is no guarantee the ASX listing will proceed as planned.
• Potential exploration risks and uncertainties could affect future results.

VANCOUVER, British Columbia, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (OTCQB: PMETF) (FSE: R9GA) is pleased to provide the following update on its plans to dual list on the ASX.

Patriot has been in consultation with the ASX to obtain in-principle approval to undertake a dual listing on the ASX and TSX-V. Following the successful relisting of Patriot on the TSX-V on 14 July 2022, the Company now anticipates it will receive in-principle approval along with the standard ASX Listing Rule waivers for a TSX-V company to dual list on the ASX shortly. The Company now expects to lodge its listing prospectus in October 2022.

Subject to the successful completion of the conditions in the in-principle approval including successful closing of the prospectus, Patriot would commence trading on the ASX. This is expected to be prior to the end of 2022.

The Company will provide further updates on the ASX listing process but cautions investors there is no guarantee that the Company will list on ASX.

About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral properties containing battery, base, and precious metals.

The Company’s flagship asset is the 100% owned Corvette Property, located proximal to the Trans-Taiga Road and powerline infrastructural corridor in the James Bay Region of Québec. The land package hosts significant lithium potential highlighted by the CV5-1 spodumene pegmatite corridor with drill intercepts of 1.22% Li₂O and 138 ppm Ta₂O₅ over 152.8 m (CV22-030), and 2.22% Li₂O and 147 ppm Ta₂O₅ over 70.1 m, including 3.01% Li₂O and 160 ppm Ta₂O₅ over 40.7 m (CV22-017). Additionally, the Property hosts the Golden Gap Trend with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole, and the Maven Trend with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop.

The Company also holds 100% ownership of the Freeman Creek Gold Property in Idaho, USA which hosts two prospective gold prospects - the Gold Dyke Prospect with a 2020 drill hole intersection of 4.11 g/t Au and 33.0 g/t Ag over 12 m, and the Carmen Creek Prospect with surface sample results including 25.5 g/t Au, 159 g/t Ag, and 9.75% Cu.

The Company’s other assets include the Pontax Lithium-Gold Property, QC; and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.

For further information, please contact us at info@patriotbatterymetals.com Tel: +1 (604) 279-8709 , or visit www.patriotbatterymetals.com.

On Behalf of the Board of Directors,

“BLAIR WAY”

Blair Way, President, CEO, & Director

Disclaimer for Forward-Looking Information

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the results of further exploration and testing, and other risks detailed from time to time in the filings made by the Company with securities regulators, available at www.sedar.com. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

No securities regulatory authority or stock exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.

FAQ

When will Patriot Battery Metals begin trading on the ASX?

Patriot Battery Metals expects to commence trading on the ASX by the end of 2022, pending the successful completion of all conditions.

What is the significance of the dual listing for PMETF?

The dual listing on ASX is expected to enhance liquidity and broaden the investor base for PMETF.

What are the key assets of Patriot Battery Metals?

Patriot Battery Metals' key assets include the Corvette Property in Quebec, known for lithium, and the Freeman Creek Gold Property in Idaho.

What lithium potential has been identified at the Corvette Property?

The Corvette Property has drill intercepts showing lithium grades up to 3.01% Li2O over specific lengths.

Is there a risk associated with the ASX listing for PMETF?

Yes, the company cautions investors that there is no guarantee that it will successfully list on ASX.