Patriot Battery Metals Inc Stock Price, News & Analysis

Patriot Battery Metals has reached significant milestones in the permitting process for its Shaakichiuwaanaan Lithium Project in Quebec. The company has formally initiated the Federal permitting process by submitting its Initial Project Description to the Impact Assessment Agency of Canada (IAAC), which will run parallel to the ongoing Provincial process. The project's Environmental and Social Impact Assessments (ESIA) are on track for submission in late 2025.

The Shaakichiuwaanaan Property contains a substantial resource with 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. The CV5 Spodumene Pegmatite, which comprises most of the Mineral Resource Estimate, is accessible year-round and located just 14 km from a major hydroelectric powerline. The company has completed three years of environmental baseline data collection and community consultations to support the ESIA submissions.

Patriot Battery Metals (PMETF) has confirmed a significant cesium discovery at its Shaakichiuwaanaan Property in Quebec, with two distinct zones identified at the CV13 Pegmatite: the Vega Zone and Rigel Zone. The Vega Zone spans ~600m x 400m with thicknesses of 1-2m to >10m, while the Rigel Zone covers ~200m x 80m up to ~5m thick.

Key drill intercepts include:

• Vega Zone: 18.1m at 2.71% Cs2O (including 7.4m at 5.45%)
• Rigel Zone: 5.9m at 11.19% Cs2O (including 1.0m at 22.69%)

The discovery adds potential value to the existing lithium project, which has a Mineral Resource Estimate of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. The cesium mineralization could become a meaningful by-product to future lithium operations, given cesium's high value and rarity in global markets.

Patriot Battery Metals (TSX: PMET) has announced the immediate appointment of Frederic Mercier-Langevin as Chief Development / Operating Officer (CDO/COO). He will lead the development of the company's Shaakichiuwaanaan Project.

Mercier-Langevin brings over 20 years of experience in mining operations, with a background as a Mining Engineer and a Masters in Rock Mechanics. His expertise spans both open pit and underground mining environments, having held senior executive positions at Agnico Eagle Mines and Wesdome Gold Mines

The appointment aims to strengthen the executive team's capabilities as they progress toward completing the Feasibility Study and ESIA for the Shaakichiuwaanaan Project. His extensive experience in commissioning and operations, particularly in large-scale mining in the North, coupled with his knowledge of Quebec conditions, positions him as a strategic addition to the company's leadership.

Patriot Battery Metals (TSX: PMET) has announced the discovery of a new spodumene pegmatite cluster, CV15, at its Shaakichiuwaanaan Property in Quebec. The discovery features multiple pegmatite outcrops over a 400m x 200m area, with outcrop sample assays of up to 2.11% Li2O.

The CV15 discovery extends the prospective 'Mickel Trend' to ~5.5 km in length, surpassing the CV5 Pegmatite (4.6 km). The property currently hosts a Mineral Resource Estimate of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred.

Additional discoveries include a new LCT pegmatite outcrop ~525m from CV8 Spodumene Pegmatite with 2,282 ppm Ta2O5, and multiple mineralized boulders suggesting potential undiscovered spodumene pegmatites near the CV5 Deposit.

Patriot Battery Metals (TSX: PMET) has discovered a significant cesium mineralization zone at its CV13 Pegmatite in the Shaakichiuwaanaan Property, Quebec. The primary enrichment zone, coinciding with the high-grade lithium Vega Zone, spans approximately 600m x 400m and remains open.

Key drilling results include:

• 10.4m at 1.30% Cs2O (including 4.0m at 2.02% Cs2O) at CV5
• 10.6m at >1.00% Cs2O at CV13
• 17.1m at >1.00% Cs2O at CV13
• 10.5m at 9.58% Cs2O at CV12

The property currently holds a Mineral Resource Estimate of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. Pollucite, a rare cesium ore mineral, has been identified through XRD analysis and could potentially become a valuable by-product to future lithium operations.

Patriot Battery Metals (PMETF) has announced final results from its 2024 summer-fall in-fill drill program at the CV5 Spodumene Pegmatite. The program yielded multiple high-grade lithium intercepts, including 153.8m at 2.00% Li2O and 142.9m at 1.77% Li2O.

The company completed 431 holes (128,052m) in 2024, with this final batch reporting results from 98 holes (31,513m). The drilling campaign has established Shaakichiuwaanaan as the largest hard rock lithium resource in the Americas, with a Mineral Resource Estimate of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred.

All necessary drilling for the upcoming Feasibility Study and maiden Ore Reserve Estimate is now complete, with delivery targeted for Q3-2025. The CV5 Pegmatite remains open at both ends and depth along its 4.6 km strike length.

Patriot Battery Metals has initiated its 2025 winter drill program at the Shaakichiuwaanaan Property in Quebec, targeting 15,000 meters of drilling from January to April. The program focuses on three main objectives: extending the high-grade Vega Zone westward, testing the CV5 to CV13 pegmatite corridor, and completing condemnation drilling for waste rock pile locations.

The property hosts a consolidated Mineral Resource of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. Up to four drill rigs will be deployed, with two already operational. The company has partnered with Cree-owned Forage Construction Muskw for drilling services.

Core assay results for 98 drill holes (31,513 m) from fall 2024 are pending, with results expected in the coming weeks. The company remains on track to deliver a Feasibility Study and maiden Ore Reserve Estimate in Q3 2025.

Patriot Battery Metals has closed a strategic C$69 million (US$48 million) private placement with Volkswagen Group, giving VW approximately 9.9% ownership of Patriot's issued and outstanding Common Shares. The investment proceeds will fund exploration, development, and a Feasibility Study for the Shaakichiuwaanaan Lithium Project in Quebec.

The deal includes a binding offtake agreement with VW's battery manufacturer PowerCo SE for 100,000 tonnes of spodumene concentrate annually over 10 years. An Investor Rights Agreement grants Volkswagen participation rights in future equity raises and includes a voting support covenant. Additionally, a non-binding MoU establishes a strategic relationship between PowerCo and Patriot to explore shared objectives, including potential development of a chemical conversion facility and establishing a sustainable battery supply chain.