Patriot Receives Conditional Approval to List on the TSX Venture Exchange

Rhea-AI Summary

Patriot Battery Metals Inc. has secured conditional approval to list its common shares on the TSX Venture Exchange (TSXV), continuing to trade under the symbol PMET. The final listing is subject to meeting specific conditions set by the TSXV. The company's flagship asset, the Corvette Property, shows substantial lithium potential, with drill intercepts of up to 2.22% Li₂O. Additionally, the company owns the Freeman Creek Gold Property in Idaho and other lithium and gold properties, positioning itself as a prominent player in battery and precious metals.

Positive

• Conditional approval for listing on TSXV enhances market visibility.
• Significant lithium potential at the Corvette Property with drill results of 2.22% Li₂O.
• Diverse asset portfolio including gold and lithium properties.

Negative

• Final approval for TSXV listing is not guaranteed until conditions are met.
• Delisting from the Canadian Securities Exchange could create transitional uncertainties.

VANCOUVER, British Columbia, June 30, 2022 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: PMETF) (FSE: R9GA) is pleased to announce that it has received conditional approval to list its common shares (the “Common Shares”) for trading on the TSX Venture Exchange (the “TSXV”). Final approval of the listing is subject to the Company fulfilling certain standard and customary conditions required by the TSXV. The Company’s management team is working diligently to satisfy such listing conditions. A timeline for the listing will be announced once the Company receives final approval.

Upon listing on the TSXV, the Common Shares will continue trading under the symbol “PMET” and in connection with the transition the Company will apply to delist its common shares from the Canadian Securities Exchange.

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 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 (778) 945-2950 , 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

What is the significance of Patriot Battery Metals Inc. receiving conditional approval for listing on TSXV?

The conditional approval allows Patriot Battery Metals Inc. to enhance its market visibility and potentially attract new investors.

What is the stock symbol for Patriot Battery Metals Inc. on the TSXV?

The stock symbol for Patriot Battery Metals Inc. on the TSXV will be PMET.

What are the key assets of Patriot Battery Metals Inc.?

Key assets include the Corvette Property, known for lithium potential, and the Freeman Creek Gold Property in Idaho.

What are the drill results for the Corvette Property?

Drill results at the Corvette Property include 2.22% Li₂O over 70.1 m and further significant lithium intercepts.

When will Patriot Battery Metals Inc. announce the timeline for the TSXV listing?

A timeline for the TSXV listing will be announced once the company receives final approval.