PMET Resources Stock Price, News & Analysis

Patriot Battery Metals has announced significant progress in its 2022 drill campaign at the Corvette Property in Quebec. The first drill hole at the CV13 pegmatite cluster intersected spodumene pegmatite up to 25.5 m deep, with a second hole also showing promising mineralization. The CV5 pegmatite corridor has extended its strike length to approximately 2,100 m, including the discovery of the largest spodumene crystal to date, measuring 1.8 m. Overall, the drill campaign has produced around 19,199 m over 65 holes, indicating strong lithium potential.

Patriot Battery Metals has announced the formation of a Project Steering Group (PSG) for its Corvette Project, reporting directly to the Board of Directors. The PSG includes key figures such as CEO Blair Way and lithium expert Brett Grosvenor, aiming to enhance exploration and development activities. The Corvette Project shows significant lithium potential, with drill results indicating impressive Li2O concentrations. Additionally, the company has granted Grosvenor 250,000 stock options as part of its compensation package.

Patriot Battery Metals Inc. has announced plans for a dual listing on the ASX and TSX-V after receiving in-principle approval from ASX. The firm expects to submit its listing prospectus in October 2022, with trading on ASX anticipated to begin by year-end, pending the completion of all conditions. Patriot's key asset is the Corvette Property in Quebec, noted for its lithium potential, and other assets include the Freeman Creek Gold Property in Idaho. The company emphasizes that there are no guarantees regarding the ASX listing process.

Patriot Battery Metals has expanded its land holdings in the La Grande Greenstone Belt by acquiring a 100% interest in the Pontois West Property, consisting of 31 contiguous claims totaling 1,587.2 hectares in Quebec. This acquisition brings an additional 8.3 km of lithium pegmatite trend, enhancing the company's exploration potential near its Corvette Property. The purchase involves a cash payment of $100,000 CAD and the issuance of 220,000 common shares, subject to TSX Venture Exchange approval.

Patriot Battery Metals (TSX-V: PMET, OTCQB: PMETF) announced significant lithium intercepts from its ongoing drilling campaign at the Corvette Property in Quebec. Noteworthy findings include drill hole CV22-042, which recorded 1.65% Li₂O over 159.7 m, featuring a peak of 4.12% Li₂O over 9 m. The principal pegmatite body has now been extended to at least 2,000 m. The summer program has totaled 15,497 m across 53 drill holes, with high-grade tantalum grades also featuring in recent assays. The company continues to explore potential along the CV Lithium Trend.

Patriot Battery Metals Inc. has appointed Ken Brinsden as Non-Executive Chairman, effective August 22, 2022. Brinsden, a mining engineer with 30 years of experience, previously led Pilbara Minerals, transforming it into a significant player in the lithium market. His expertise is expected to benefit Patriot, particularly in advancing the Corvette property, which shows substantial lithium potential. Brinsden has been granted 2 million stock options, highlighting the company's commitment to leveraging his leadership for future growth in the North American lithium supply chain.

Patriot Battery Metals announced a major discovery at the CV13 lithium pegmatite cluster, located 4.3 km from the CV5-1 corridor. The company identified 31 spodumene-bearing pegmatite outcrops, with 20 exhibiting over 5% spodumene content. The outcrops span approximately 2.3 km and feature an average lithium grade of 0.98% Li2O, with a peak of 3.73% Li2O. This discovery, alongside the ongoing exploration of the CV8 and CV9 pegmatite trends, highlights the potential for significant lithium resources in the region. The surface exploration program has been extended until mid-October due to this discovery.

Patriot Battery Metals has released positive preliminary results from Heavy Liquid Separation (HLS) tests on drill core samples from the CV5 Pegmatite at its Corvette Property in Quebec. The tests demonstrated a potential flowsheet involving Dense Media Separation (DMS) to produce >6% Li₂O spodumene concentrate with over 70% lithium recovery and an iron content of ~0.65% Fe₂O₃. The company plans further DMS metallurgical testing this fall to optimize these results and assess larger composite samples for improved lithium recovery.

Patriot Battery Metals announced promising results from its summer drill campaign on the Corvette Property, revealing strong lithium grades in the first two holes drilled. Drill hole CV22-035 reported 1.25% Li₂O over 96.9 m, including a peak of 2.53% Li₂O over 27.0 m, while hole CV22-036 returned 1.38% Li₂O over 27.0 m. The summer program has traced a significant spodumene pegmatite body over approximately 1,900 m, enhancing the potential for lithium resources. A third drill rig has been mobilized to expedite drilling activities.