Patriot Battery Metals Inc Stock Price, News & Analysis

Patriot Battery Metals announces the appointment of Mélissa Desrochers as an independent director and audit committee member, effective immediately. Desrochers brings extensive experience in strategic communications and stakeholder engagement in the Quebec mining sector. Non-Executive Chair Ken Brinsden expressed gratitude to outgoing director Jon Christan Evensen for his contributions. Patriot Battery Metals focuses on mineral exploration, particularly its flagship asset, the Corvette Property, which exhibits significant lithium potential. Key drill results include intercepts of 1.65% Li₂O over 159.7 m and 2.22% Li₂O over 70.1 m.

Patriot Battery Metals Inc. has appointed Natacha Garoute as its new CFO, effective immediately, following the resignation of Dusan Berka, who will continue on the Board. Ms. Garoute brings over 20 years of experience in publicly traded companies, particularly within the mining sector, having previously served as CFO at Champion Iron Ore and Roxgold Inc. The company, focused on mineral exploration, highlights its flagship asset, the 100%-owned Corvette Property in Québec, known for significant lithium potential with impressive drill results. The transition aims to strengthen the leadership team as Patriot progresses in its strategic initiatives.

Patriot Battery Metals announced significant drill results at the CV5 Pegmatite in Quebec, highlighting drill hole CV22-083 with the widest and highest-grade lithium intercept to date: 156.9 m at 2.12% Li2O, including sections of 5.04% and 6.36% Li2O. Several other notable intercepts were reported, including 45.3 m at 1.72% Li2O and 31.2 m at 1.95% Li2O. The drill program’s success extends the identified high-grade zone over a strike length of 250 m and indicates potential for further mineralization as additional drill holes remain to be analyzed. Plans for ongoing winter drilling aim to probe this promising area further in 2023.

Patriot Battery Metals has initiated its 2023 winter drill campaign at the Corvette Property in Quebec, aiming for a minimum of 20,000 meters of drilling from January to April. The drilling will utilize at least five rigs, marking it as one of the largest lithium drill campaigns in Quebec recently. Key targets include extending the CV5 Pegmatite system and further delineating the new CV13 discovery. A nearly complete winter road will enhance operational efficiency by reducing reliance on helicopters. Core assay results from prior drilling campaigns are pending.

Patriot Battery Metals has announced successful preliminary Dense Media Separation (DMS) tests on drill core from the CV5 Pegmatite, achieving a 79% lithium recovery and producing a 5.8% Li2O spodumene concentrate with low iron content (0.60% Fe2O3).

The results confirm earlier Heavy Liquid Separation tests and suggest a viable DMS-driven process without flotation. The DMS technique promises lower capital and operational expenses and is more environmentally sustainable than traditional methods, supporting a simpler process for the Corvette Lithium Project.

On December 13, 2022, Patriot Battery Metals announced significant assay results from twelve drill holes at the CV5 Pegmatite on its Corvette Property in Quebec. Highlights include drill hole CV22-066, which returned 113.4 m at 1.61% Li2O, featuring twenty samples over 3.00% Li2O, including two above 6.00% Li2O. The drill campaign's continued high-grade results have extended the CV5 Pegmatite mineralization over a 2,200 m strike length. A winter road construction is underway to facilitate the 2023 drilling program, aiming to enhance resource confidence and support a Prefeasibility Study.

Patriot Battery Metals Inc. announced the commencement of its quotation on the ASX at 12 PM AEDT on December 7, 2022. The company raised AUD $4,200,000 through the issuance of 7,000,000 CHESS Depositary Interests (CDIs) at AUD $0.60 each. CEO Blair Way highlighted the ASX listing as a major milestone, indicating an upcoming flow of assay results. The company’s flagship Corvette Property in Québec shows significant lithium potential with drill intercepts of up to 3.01% Li2O.

Patriot Battery Metals Inc. (TSX-V: PMET, OTCQB: PMETF) has completed its initial public offering on the Australian Securities Exchange (ASX), raising AUD$4.2 million. The offering involved 7 million CHESS Depository Interests (CDIs), with trading expected to initiate on December 7, 2022. The company is preparing to release a backlog of assay results following this listing. Patriot focuses on mineral exploration, particularly battery and precious metals, with its flagship asset being the Corvette Property in Québec, known for significant lithium potential.