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) has completed a private placement of 6,000,000 units at C$0.50 each, raising gross proceeds of C$3,000,000. Each unit consists of one common share and a warrant exercisable at $0.75 for three years. The funds will be used for acquiring properties as outlined in a previous news release. The company is positioned to advance its Corvette property, which spans over 200 square kilometers and exhibits strong lithium potential. A 20,000 m drill program is currently underway.
Patriot Battery Metals Inc. (CSE: PMET, OTCQB: PMETF) has commenced its 2022 drill campaign at the Corvette Property in Quebec, targeting the CV Lithium Trend. The campaign includes two phases with a total of 15,000 to 20,000 meters of drilling, utilizing two rigs. The first phase focuses on areas northeast of the CV5-6 pegmatite, while the second will continue to assess the CV1-2 pegmatites and new regional targets. Previous drilling indicated strong lithium-tantalum mineralization, with notable intercepts of up to 1.25% Li2O. The company has engaged Forage Fusion Drilling for the project.
Patriot Battery Metals Inc. (PMETF) has announced the successful results of its 2021 surface exploration program at its Corvette Property in Quebec. The exploration revealed a new lithium pegmatite discovery, CV12, with samples averaging 2.81% Li2O and significant tantalum mineralization. Key findings include new outcrops extending the CV8 and CV12 pegmatites, with tantalum grades up to 5,300 ppm Ta2O5. The company plans further exploration in 2022, highlighting the Corvette Property's potential for additional lithium and tantalum resources.
Patriot Battery Metals Inc. (CSE: PMET) (OTCQB: PMETF) has mobilized its first drill rig for a winter drilling program at the Corvette Lithium Property in Quebec. The exploration campaign plans to drill 15,000 to 20,000 meters, targeting lithium pegmatite outcrops CV1 to CV7. Notable past drill results include 0.94% Li2O over 155.1 m. The program aims to enhance lithogenic continuity between CV5 and CV1. The winter drilling will be conducted safely under a COVID Management Plan.
Patriot Battery Metals has consolidated its land position at the Corvette Lithium Project, now controlling over 50 km of the La Grande Greenstone Belt. With 417 claims spanning 21,357 ha, the company enhances its presence in a promising lithium district. Key acquisitions include full ownership of the FCI Claims for $3 million and shares, along with the Deca-Goose and Felix claims for $150,000 and shares. A $3 million private placement is set to fund these properties, with a 20,000 m drill program upcoming, marking a pivotal year for the company.
Patriot Battery Metals Inc. (CSE: PMET, OTCQB: PMETF) has secured drill permits and engaged a contractor for a two-rig exploration program at the Corvette Property in Quebec, set to begin this month. The winter phase will analyze the high-potential CV5-6 pegmatites where previous drilling showed promising lithium-tantalum results, including 0.94% Li2O and 117 ppm Ta2O5. The company is investing $13 million into this 20,000 m drill campaign, with plans for a summer program targeting additional pegmatite areas.
Patriot Battery Metals Inc. has announced assay results from its third and fourth drill holes at the Corvette-FCI Property in Quebec. Drill hole CF21-003 returned significant results, including 1.25% Li2O over 58.1 m and a peak of 1.80% Li2O over 33.0 m. The fourth hole CF21-004 achieved 0.64% Li2O over 63.6 m, indicating a potentially substantial lithium resource. The drilling enhances understanding of the CV Lithium Trend, suggesting greater dimensions and mineral potential than previously estimated.