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 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.
Patriot Battery Metals Inc. (TSXV: PMET, OTCQB: PMETF) announces the appointment of Brian Jennings, CPA, CA, as a Director and Chairman of the Audit Committee, effective immediately. Jennings brings 30 years of experience in financial management and corporate restructuring, currently serving as CFO of Generation Mining Limited. The company also thanks long-term Director Adrian Lamoureux for his contributions as he resigns. Additionally, 500,000 incentive stock options were granted to Jennings at an exercise price of $2.58 per share for three years.
Patriot Battery Metals Inc. has received final approval from the TSX Venture Exchange for the listing of its common shares under the symbol PMET, effective July 14, 2022. As a result, the shares will be delisted from the Canadian Securities Exchange after market close on July 13, 2022. The company is dedicated to mineral exploration focused on battery, base, and precious metals, notably lithium and gold. Key assets include the Corvette Property in Quebec and the Freeman Creek Gold Property in Idaho, showcasing significant mineral potential.
Patriot Battery Metals Inc. has secured conditional approval to list its common shares on the TSX Venture Exchange (TSXV), continuing to trade under the symbol PMET. The final listing is subject to meeting specific conditions set by the TSXV. The company's flagship asset, the Corvette Property, shows substantial lithium potential, with drill intercepts of up to 2.22% Li2O. Additionally, the company owns the Freeman Creek Gold Property in Idaho and other lithium and gold properties, positioning itself as a prominent player in battery and precious metals.
Patriot Battery Metals has begun the summer/fall 2022 drill campaign at its Corvette Property in Quebec, utilizing two rigs and completing nine holes over 3,110 meters. All drill holes have intersected spodumene-bearing pegmatite, extending the main pegmatite body an additional 300 meters for a total strike length of approximately 1.7 km. A third drill rig is expected in July. Recent surface work has revealed new spodumene-bearing outcrops, indicating the potential for additional discoveries. The company anticipates lithium assay results in August.
Patriot Battery Metals announced promising results from the winter 2022 drilling program at its Corvette Property in Quebec. Key highlights include:
- Best lithium intercept of 1.22% Li2O over 152.8 m in hole CV22-030.
- Drilling confirmed the presence of lithium mineralized pegmatite across a 1.4 km strike length.
- Summer/fall drilling phase has commenced with over 2,200 m drilled so far.
The results indicate significant potential for further lithium discoveries, supporting the company's growth strategy.
Patriot Battery Metals Inc. (CSE: PMET) (OTCQB: PMETF) announced strong assay results from 10 drill holes at its Corvette Property in Quebec. Key findings reveal lithium grades of up to 2.90% Li2O and tantalum grades reaching 384 ppm Ta2O5 over significant widths. Notably, grades are reportedly increasing to the east. The summer/fall drilling phase has commenced, with plans for 15,000 meters of drilling to delineate mineral resources. The strong mineralization is expected to support a mineral resource estimate by fall 2022.
Patriot Battery Metals Inc. has released initial results from its Corvette Property, confirming spodumene as the primary lithium-bearing mineral. The samples from drill holes CF21-001, 002, 004, and 014 show that spodumene accounts for 86-99% of lithium deportment in samples with grades >0.4% Li2O. The company has initiated a preliminary metallurgical program at SGS Canada using 225 kg of drill core samples, aiming to produce a spodumene concentrate with >6% Li2O. The findings support the significant lithium potential at the Corvette Property.
Patriot Battery Metals Inc. has re-mobilized field crews to the Corvette Property to initiate the summer-fall phase of its 2022 drill campaign. The primary focus is to delineate the spodumene pegmatite body in the CV5-1 Corridor, while secondary objectives target other lithium pegmatite occurrences. Previous drilling has shown significant results, with intercepts of 3.01% Li2O over 40.7 m. The upcoming phase aims to complete at least 15,000 m of drilling, supported by the addition of a third drill rig and continued surface exploration starting mid-June.
Patriot Battery Metals (CSE: PMET, OTCQB: PMETF) announced promising drilling results from its CV22-017 hole at the Corvette Property. The hole revealed 3.01% Li2O over 40.7 m within a broader zone of 2.22% Li2O over 70.1 m. Notably, nine samples assayed above 4% Li2O, peaking at 6.35% Li2O over 0.92 m. This drilling confirms the sizeable lithium potential of the CV5-1 Pegmatite corridor, with plans for further exploration and drilling set for June.
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