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Patriot Battery Metals (CSE: PMET; OTCQB: RGDCF) has addressed the recent market activity concerning its common shares, believed to be impacted by promotional materials highlighting the company and the lithium industry. The stock's price increase is largely attributed to its own drilling program announcements from mid-September 2021. While the company engaged marketing groups for investor awareness, it maintains that most promotional content did not contain materially false statements. Notably, the company has conducted several private placements at discounted prices since July 2020.
Patriot Battery Metals has commenced its inaugural drill program at the Corvette-FCI Property in the James Bay Region of Quebec, collaring its first drill hole. This initiative targets the CV5-6 Spodumene Pegmatites, part of the 25 km CV Lithium Trend, and the Maven Cu-Au-Ag Trend. The drill program will consist of 15-20 holes over approximately 2,000 meters. Historical sampling shows promising mineralization, with the CV5 pegmatite averaging 3.00% Li2O. The company has established a COVID management plan to ensure compliance during exploration.
Patriot Battery Metals has commenced its inaugural drill program at the Corvette-FCI Property in Quebec, involving 15 to 20 drill holes over approximately 2,000 meters. This drill program aims to explore the CV Lithium Trend and the Maven Cu-Au-Ag Trend. Surface samples have shown promising assays, including up to 3.63% Cu, 0.64 g/t Au, and 52.3 g/t Ag. Successful completion of this program is expected to solidify the company's option to acquire a 50% interest in the claim blocks from O3 Mining, contingent upon meeting exploration expenditure requirements.
Patriot Battery Metals Inc. (CSE:PMET)(OTCQB:RGDCF) has announced its inaugural drill program at the Corvette-FCI Property in Quebec's James Bay Region. The program will focus on the CV5-6 Spodumene Pegmatites along a 25 km lithium trend and the Maven Copper-Gold-Silver Trend. Encompassing 15-20 drill holes over 2,000 m, the drilling is set to commence in September 2021. Following successful exploration, the company aims to earn a 50% interest in certain claim blocks and aims to unlock significant resource potential while adhering to COVID-19 guidelines.
Patriot Battery Metals Inc. (CSE:PMET, OTCQB:RGDCF) has launched a comprehensive exploration campaign at its flagship Corvette-FCI Property in Quebec. This includes remote sensing and geophysical surveys, along with prospecting and rock sampling. The exploration aims to follow up on mineralization discovered in 2019, with surface sampling indicating significant copper, gold, and silver content. Additionally, the company will continue to explore high-grade lithium occurrences. A geophysical survey is also underway to refine drill targets. The exploration complies with COVID-19 regulations, ensuring safety during operations.
Patriot Battery Metals Inc. has successfully completed the acquisition of the Freeman Creek Gold Property, achieving 100% ownership. The property, located 15 km from Salmon, Idaho, is now in the transfer process to a wholly-owned subsidiary. Alongside this, the company has finished a ground geophysical survey aimed at identifying drill targets for future exploration at the Carmen Creek and Gold Dyke prospects. Notable historic findings at these sites include drill results of 4.11 g/t Au and 33.0 g/t Ag over 12 m.
Patriot Battery Metals has initiated a ground geophysical survey at its Freeman Creek Gold Property in Idaho, aimed at refining drilling targets. The survey includes approximately 10 km at the Carmen Creek Prospect and 6 km at the Gold Dyke Prospect. Conducted by TMC Geophysics and Dynamic Discovery Geoscience, the survey is expected to identify chargeability responses that indicate potential gold and silver mineralization. The company is fully permitted for follow-up drilling at Gold Dyke and is currently processing permits for Carmen Creek.
Patriot Battery Metals Inc. has announced a three-cornered amalgamation agreement with Global Green Energy Acquisition Corp. to acquire all issued shares of Global Green.
The transaction involves issuing 22,001,000 shares at a deemed price of $0.2475 per share, subject to a voluntary lock-up schedule. Following the closing, the former Global Green shareholders will own approximately 39.23% of Patriot's total shares. This acquisition includes the Maicasagi Rare Earth Element Property in Quebec, potentially enhancing Patriot's portfolio in the rare earths market.
Gaia Metals Corp. (OTCQB: RGDCF) announced the consolidation of shares at a rate of one post-consolidation share for every three pre-consolidation shares, effective June 10, 2021. Concurrently, the company will change its name to Patriot Battery Metals Inc. and its trading symbol to PMET. The post-consolidation capitalization includes approximately 10,897,605 shares outstanding. The record date for the consolidation is set for June 11, 2021. Gaia Metals Corp. focuses on mineral exploration, with assets across Quebec and Idaho, including properties rich in lithium and gold.
