Patriot Battery Metals Inc. - PMETF STOCK NEWS

On July 11, 2024, Patriot Battery Metals announced the filing of a preliminary base shelf prospectus with Canadian regulatory authorities. This filing aims to streamline the share issuance process across the TSX and ASX. The company has a solid financial position, bolstered by a C$75 million financing completed in May, supporting its exploration and development plans. Despite having no immediate plans to issue securities, the shelf prospectus allows the company to offer up to C$250 million in various securities over a 25-month period. This move provides financial flexibility for future projects.

Patriot Battery Metals Inc. has announced significant expansion in the Vega Zone at the CV13 Spodumene Pegmatite on its Corvette Property. The winter drill program revealed multiple high-grade lithium intercepts, including 9.7 m at 5.16% Li2O and 35.3 m at 2.40% Li2O. Key highlights include:

- 51.7 m at 1.77% Li2O (CV24-525).

- 35.3 m at 2.40% Li2O (CV24-520).

- 34.8 m at 1.87% Li2O (CV24-524).

- 41.5 m at 2.00% Li2O (CV24-510).

The Vega Zone remains open in several directions and is part of a broader mineralized pegmatite system spanning 380 m by 220 m. A follow-up summer-fall drill program is planned to further delineate the zone. An updated Mineral Resource Estimate for the Corvette Project is expected in August 2024. The project aims to support a Feasibility Study by 2025, targeting lithium production from the high-grade zones.

Patriot Battery Metals has announced the retirement of Blair Way from his position as Chief Operating Officer, effective June 30, 2024. He will remain on the board as a Non-Executive Director and provide advisory services during the transition period. Patriot's President and CEO, Ken Brinsden, acknowledged Way's pivotal role in the company's growth, particularly highlighting the Corvette lithium discovery and expansion of the company's market cap from under $10 million in late 2020 to a significant player in the lithium industry. The company also announced new appointments: John Drapack as Director of Studies and Cathryn Moffett as Director of Environment. Drapack will focus on the upcoming PEA/Scoping Study and Feasibility Study, while Moffett will oversee the Environmental and Social Impact Assessments.

Patriot Battery Metals has launched its 2024 Summer-Fall exploration program at the Corvette Property in Quebec. The program includes extensive drilling to expand the Vega Zone and infill drilling at the CV5 Pegmatite. Two rigs are currently drilling at CV13, with additional rigs to join in July for further testing. The initiative also includes geotechnical and hydrogeological drilling to support feasibility studies, aiming to update Mineral Resource Estimates (MRE) by August 2024. A new all-season road and expanded exploration camp enhance operational efficiency and cost-effectiveness. Environmental baseline data collection continues in partnership with First Nations, supporting the Environmental and Social Impact Assessment (ESIA) due in September 2025.

Patriot Battery Metals Inc. has announced final assay results from its 2024 winter drill program at the CV5 Spodumene Pegmatite on the Corvette Property in Quebec. Highlights include substantial lithium mineralization, such as 124.9 meters at 1.72% Li2O and 35.6 meters at 3.78% Li2O. The program aimed to upgrade the confidence of the Mineral Resource Estimate (MRE) from Inferred to Indicated, targeting a Q3 2024 update. The final batch of core assays showed consistent high-grade lithium intersections over significant intervals. The Corvette Property, covering various pegmatite clusters, remains a promising site for lithium exploration, with plans for a Preliminary Economic Assessment in September 2024. The company is confident in achieving meaningful resource conversion in its pending MRE update.

Patriot Battery Metals announced significant drill results from the CV13 Spodumene Pegmatite's high-grade Vega Zone at its Corvette Property in Quebec.

Key highlights include:

• 33.4m at 2.40% Li2O, including 11.1m at 4.33% Li2O, and 17.6m at 1.89% Li2O
• 43.2m at 1.10% Li2O, including 12.9m at 3.06% Li2O
• The highest individual core sample assay reported to date at Corvette: 1.7m at 7.01% Li2O

The Vega Zone is open in multiple directions, and additional results from 83 holes are pending.

The CV13 Spodumene Pegmatite extends over a 2.3 km strike length and remains open at both ends and depth.

An updated MRE for the Corvette Project, incorporating drilling through April 2024, is scheduled for Q3 2024.

Patriot Battery Metals announced strong lithium mineralization results from infill drilling at the CV5 Spodumene Pegmatite on their Corvette Property in Quebec. Highlights include 122.5 m at 1.42% Li2O, 71.4 m at 1.57% Li2O, 68.7 m at 1.56% Li2O, and 74.9 m at 1.28% Li2O. The 2024 winter drill program aimed to upgrade the mineral resource confidence from inferred to indicated, with results to be included in an updated Q3 2024 resource estimate. Multiple high-grade zones at CV13 remain to be reported. The Corvette Property hosts 109.2 Mt at 1.42% Li2O inferred, positioning it among the largest lithium pegmatite resources in the Americas.

On May 15, 2024, Patriot Battery Metals announced the conclusion of their nine-month Memorandum of Understanding (MOU) with Albemarle. This decision allows Patriot to explore new strategic partnerships in the downstream lithium sector. With the MOU's termination, all exclusive rights granted to Albemarle have expired, enabling Patriot to engage with multiple downstream companies. The completion of this agreement coincides with growing industry interest in Patriot's Corvette Project, a major supplier of high-quality raw materials for lithium-ion batteries. The project boasts a maiden mineral resource estimate of 109.2 Mt at 1.42% Li2O and is one of the largest lithium pegmatite resources in the Americas. The funding from Albemarle facilitated several critical infrastructure developments, including a winter drill program. Patriot aims to capitalize on new strategic opportunities to maximize shareholder value.

Patriot Battery Metals Inc. announces the discovery of a new high-grade zone at the CV13 Spodumene Pegmatite in the Corvette Project, Quebec. The winter drill program yielded positive results with mineralization at shallow depth and open in multiple directions. The Company is on track for a maiden mineral resource estimate in Q3 2024.