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 (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.
Patriot Battery Metals Inc. (CSE: PMET, OTCQB: PMETF) announced strong results from four drill holes at its Corvette Property in Quebec. The assays confirm significant lithium and tantalum mineralization, with notable grades including 1.17% Li2O over 33.8 m and 0.91% Li2O over 29.0 m. The mineralization extends 900 m along trend and down to at least 155 m depth, remaining open for further exploration. A total of 16 additional drill hole assays are pending, and a 15,000 m summer drilling program is set to commence, bolstered by the addition of a third drill rig.
Patriot Battery Metals Inc. (CSE: PMET, OTCQB: PMETF) announced it has officially acquired a 100% interest in all 417 claims of the Corvette Property in Quebec, totaling 21,357 ha. This property is strategically located along a 50 km strike length in the La Grande Greenstone Belt, known for lithium, gold, and base metals. Additionally, the company has engaged Red Cloud Financial Services for marketing support, with a monthly fee of $10,000 starting May 16, 2022, for at least six months. CEO Blair Way expressed confidence in the property and the company's secure title holdings.
Patriot Battery Metals Inc. (CSE: PMET, OTCQB: PMETF) announced plans to dual list on the Australian Securities Exchange (ASX) to enhance market access and attract new investors. This move is strategic given the growing presence of Australian shareholders and established lithium companies on the ASX. The company emphasized its commitment to keeping shareholders updated, although they noted that ASX listing approval is not guaranteed. Patriot's flagship asset, the Corvette Property, is located in Quebec and shows significant lithium potential, highlighted by drill intercepts averaging up to 1.25% Li2O.
Patriot Battery Metals Inc. (CSE: PMET, OTCQB: PMETF) announces a leadership transition as Blair Way becomes President and CEO, effective today. Adrian Lamoureux steps into the role of Vice President - Corporate Development after serving as CEO since 2014. Way, with over 35 years of experience in resource development, aims to lead the Company from startup to project developer, while Lamoureux will leverage his expertise to further advance corporate growth. Patriot focuses on mineral properties, notably the Corvette Property in Quebec, which displays significant lithium potential.
Patriot Battery Metals Inc. announced significant advancements in its 2022 drilling campaign at the Corvette Property in Quebec. Geological logging has confirmed spodumene mineralization in all 20 drill holes, with wide intervals of pegmatite intersected. The company plans an additional 15,000 meters of drilling starting in June, utilizing three rigs to enhance productivity. The main pegmatite body is expanding, currently traced over 1,400 meters and down to 265 meters depth. Additional analyses of drill core samples are pending.
Patriot Battery Metals Inc. has completed the winter/spring phase of its 2022 drill campaign at the Corvette Property, with 20 drill holes totaling 4,352 m. Geological modeling shows pegmatite extending over 1,400 m between CV5 and CV1, with indications of thickening at depth. The summer/fall drilling is set to begin on June 1, focusing on additional infill and step-out holes. Previous drill results indicated strong lithium-tantalum mineralization, including intercepts of 155.1 m at 0.94% Li2O. The company is preparing for further assays and potential expansion of its drilling capacity.
Patriot Battery Metals announced the appointment of Jon Christian Evensen as a new director effective immediately. Evensen brings over 10 years of investment banking and management experience, particularly in natural resources. His background includes significant roles at Luminus Management and Morgan Stanley. The company also expressed gratitude to outgoing director Paul Chung for his contributions. Patriot Battery Metals focuses on mineral exploration, particularly lithium, with key properties in Quebec and Idaho, demonstrating notable potential in various metals, including lithium and gold.
Patriot Battery Metals Inc. provided an update on its 2022 winter/spring drill campaign at the Corvette Property in Quebec. The campaign, commenced in February, has completed 15 drill holes totaling approximately 3,136 meters. Geological modeling indicates a continuation of mineralized pegmatite across a 1,400-meter strike. Spodumene has been identified in multiple drill holes, though assay results are pending. The campaign will continue until April 20, with summer/fall drilling scheduled to start on June 1, focusing on both infill and new target areas.
Patriot Battery Metals (CSE: PMET; OTCQB: PMETF) updates the winter/spring 2022 drill campaign at the Corvette Property in Quebec's James Bay Region. Two diamond drill rigs have completed ten holes totaling 2,227 m, targeting pegmatite mineralization along the CV Lithium Trend. The drilling confirmed shallow lake depths between CV6 and CV1-2 pegmatites, with ongoing core processing by SGS Canada. A systematic bathymetry survey is planned for summer 2022. Drill results so far highlight significant lithium-tantalum mineralization with intercepts of 155.1 m at 0.94% Li2O.