Welcome to our dedicated page for PMET Resources news (Ticker: PMETF), a resource for investors and traders seeking the latest updates and insights on PMET Resources stock.
PMET Resources Inc. (PMETF) generates frequent technical and corporate news as it advances the Shaakichiuwaanaan lithium–caesium–tantalum pegmatite project in the Eeyou Istchee James Bay region of Quebec. News releases cover exploration drilling, feasibility work, metallurgical test programs, land acquisitions and corporate developments related to this multi-listed mining issuer.
Investors following PMETF news can track updates on the CV5 and CV13 pegmatites, including results from extensive drill campaigns, Mineral Resource and Mineral Reserve updates, and progress on the lithium-only Feasibility Study for CV5. The company reports on new discoveries and extensions at additional pegmatite targets such as CV4, CV8 and CV12, as well as the delineation of high-grade lithium and caesium zones and changes in interpreted strike lengths.
PMET Resources also issues news on metallurgical testwork that has produced marketable pollucite (caesium) and tantalite (tantalum) concentrates, outlining potential by/co-product value streams alongside lithium production. Corporate announcements include the rebranding from Patriot Battery Metals Inc. to PMET Resources Inc., strategic share subscriptions by Volkswagen Finance Luxemburg S.A., and the acquisition of the Pikwa Property to expand the company’s land position in the James Bay region.
This news feed allows readers to follow how drilling, technical studies, permitting-related work and corporate actions shape the ongoing evaluation of Shaakichiuwaanaan as a large-scale hard-rock lithium and critical minerals project. For investors and analysts, the PMETF news page offers a centralized view of the company’s disclosed milestones and project developments over time.
Patriot Battery Metals has released positive results from its Heavy Liquid Separation (HLS) testing on the CV5 Pegmatite, confirming the applicability of a Dense Media Separation (DMS) process. Eleven core samples showed head grades between 0.67% and 2.73% Li2O, averaging 1.48% Li2O, resulting in a spodumene concentrate grade of 5.98% Li2O at 77% recovery. The findings affirm earlier results, supporting a simple DMS-driven flowsheet without flotation. The company plans to further assess the CV13 Pegmatite for DMS viability. This successful test program enhances the prospects for a cost-effective processing strategy for lithium extraction.
Patriot Battery Metals announced positive results from its drill program at the CV13 Pegmatite Cluster in Quebec. Ten out of fourteen drill holes intersected significant lithium mineralization, with highlights including 22.6 m at 1.56% Li2O and 22.4 m at 1.28% Li2O. The CV13 Cluster, part of a larger lithium pegmatite system, displays a combined strike length of 2.3 km, with potential for extensive mineralization. The company is evaluating further drilling to support an initial mineral resource estimate scheduled for later in 2023. The drill results are bolstered by surface channel samples confirming strong lithium mineralization in the area.
Patriot Battery Metals has announced the extension of the CV5 Pegmatite by over 400 meters following the initial drill campaign in 2023. The drill holes CV23-105, 106, 107, and 108 showcased spodumene-bearing pegmatite intersections of widths ranging from 54 to 132 meters. The current drilling has traced the pegmatite continuously over 2.6 km and remains open at both ends. Eight drill holes, totaling approximately 3,400 meters, have been completed in 2023, with a target of 20,000 meters by April. Four drilling rigs are active on-site, with a fifth to commence soon. The company anticipates the initial mineral resource estimate in the first half of 2023.
Patriot Battery Metals has announced significant drill results from the CV5 Pegmatite at its Corvette Property in Quebec, revealing high-grade lithium mineralization. Drill hole CV22-093 returned 52.2 m at 3.34% Li2O, including 15.0 m at 5.10% Li2O, confirming the extension of the high-grade Nova Zone. The mineralized area has expanded to at least 2.2 km, indicating strong continuity and favorable conditions for further exploration. The company plans to continue its 2023 drilling campaign to further delineate this promising lithium asset.
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.
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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.