Investor Webinar - Investment, Offtake and Strategic Partnership with Volkswagen Group and PowerCo

Rhea-AI Summary

Patriot Battery Metals (TSX: PMET) announced an investor webinar hosted by CEO Ken Brinsden to discuss a new strategic partnership with Volkswagen Group and PowerCo, including equity investment and off-take agreements. The webinar, scheduled for December 18, 2024, will focus on the transaction's implications for developing the Shaakichiuwaanaan Lithium Project in Quebec.

The company's flagship project contains a significant mineral resource of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred, making it the largest lithium pegmatite resource in the Americas and 8th largest globally. The property, accessible year-round and near power infrastructure, hosts multiple untested spodumene pegmatite clusters with additional exploration potential.

Positive

• Strategic partnership secured with major automotive player Volkswagen Group and PowerCo
• Largest lithium pegmatite resource in the Americas (80.1 Mt Indicated, 62.5 Mt Inferred)
• Year-round accessible property with proximity to power infrastructure

Negative

• None.

News Market Reaction

+28.28%

1 alert

+28.28% News Effect

On the day this news was published, PMETF gained 28.28%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, BC, Dec. 18, 2024 /PRNewswire/ - December 18, 2024 – Sydney, Australia

Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to advise that Ken Brinsden, the Company's President, CEO and Managing Director, will host a live investor webinar today, December 18, 2024, following the announcement of an equity investment, off-take and strategic partnership with Volkswagen Group and PowerCo.

Mr Brinsden will discuss the strategic rationale and implications of the transaction for Patriot and its strategy to develop the Shaakichiuwaanaan Lithium Project in Quebec, Canada.

There will be an opportunity for investors, analysts and shareholders to submit questions via the Q&A tab within the webinar portal following the completion of Mr Brinsden's presentation. Alternatively, questions can be submitted in advance via email to the Company's Investor Relations Manager, Mr Olivier Caza-Lapointe, at ocazalapointe@patriotbatterymetals.com.

Registration Details

North American Time Zone – Commencing at 8.00am Canadian Eastern Standard Time and will last approximately 45 minutes. Investors, shareholders and media can register to attend the webinar via the following link:

https://www.bigmarker.com/read-corporate/Patriot-Battery-Metals

A recording of the webinar will be released through Patriot's website and social media platforms for the benefit of investors who are unable to attend the live webinar.  

About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Property (formerly known as Corvette) located in the Eeyou Istchee James Bay region of Québec, Canada, which is accessible year-round by all-season road and is proximal to regional powerline infrastructure. The Shaakichiuwaanaan Mineral Resource[1], which includes the CV5 & CV13 spodumene pegmatites, totals 80.1 Mt at 1.44% Li₂O Indicated, and 62.5 Mt at 1.31% Li₂O Inferred, and ranks as the largest lithium pegmatite resource in the Americas, and the 8^th largest lithium pegmatite resource in the world. Additionally, the Shaakichiuwaanaan Property hosts multiple other spodumene pegmatite clusters that remain to be drill tested, as well as significant areas of prospective trend that remain to be assessed.

For further information, please contact us at info@patriotbatterymetals.com or by calling +1 (604) 279-8709, or visit www.patriotbatterymetals.com. Please also refer to the Company's continuous disclosure filings, available under its profile at www.sedarplus.ca and www.asx.com.au, for available exploration data.

Competent Person Statement (ASX Listing Rule 5.23)

The mineral resource estimate in this release was reported by the Company in accordance with ASX Listing Rule 5.8 on August 5, 2024. The Company confirms that, as of the date of this announcement, it is not aware of any new information or data verified by the competent person that materially affects the information included in the announcement and that all material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed. The Company confirms that, as at the date of this announcement, the form and context in which the competent person's findings are presented have not been materially modified from the original market announcement

This news release has been approved by the Board of Directors.
"KEN BRINSDEN"
Kenneth Brinsden, President, CEO, & Managing Director.

__________________________________

1

The Company's "NI 43-101 Technical Report Preliminary Economic Assessment for the Shaakichiuwaanaan Project" dated August 21, 2024 was prepared by Todd McCracken, P.Geo., Hugo Latulippe, P.Eng., Shane Ghouralal, P.Eng., MBA, Luciano Piciacchia, P.Eng., Ph.D, Ryan Cunningham, M.Eng., P.Eng. and Nathalie Fortin, P.Eng., M.Env., and is available on SEDAR+. Shaakichiuwaanaan (CV5 & CV13) Mineral Resource Estimate (80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5 Indicated, and 62.5 Mt at 1.31% Li2O and 147 ppm Ta2O5 ppm Inferred) is reported at a cut-off grade of 0.40% Li2O (open pit), 0.60% Li2O (underground CV5), and 0.80% Li2O (underground CV13) with an Effective Date of June 27, 2024 (through drill hole CV24-526). Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability.

 

View original content:https://www.prnewswire.com/news-releases/investor-webinar--investment-offtake-and-strategic-partnership-with-volkswagen-group-and-powerco-302334767.html

SOURCE Patriot Battery Metals Inc.

FAQ

What is the size of Patriot Battery Metals' (PMETF) Shaakichiuwaanaan lithium resource?

The Shaakichiuwaanaan resource contains 80.1 Mt at 1.44% Li2O in the Indicated category and 62.5 Mt at 1.31% Li2O in the Inferred category, making it the largest lithium pegmatite resource in the Americas.

What is the significance of Volkswagen Group and PowerCo partnership for PMETF?

The partnership includes equity investment and off-take agreements, representing a strategic alliance with a major automotive manufacturer for Patriot Battery Metals' lithium development.

Where is PMETF's Shaakichiuwaanaan Lithium Project located?

The Shaakichiuwaanaan Project is located in the Eeyou Istchee James Bay region of Québec, Canada, with year-round access via all-season road and proximity to regional power infrastructure.

What is the global ranking of PMETF's Shaakichiuwaanaan lithium resource?

The Shaakichiuwaanaan lithium resource ranks as the 8th largest lithium pegmatite resource in the world.