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.
On May 15, 2024, Patriot Battery Metals announced the conclusion of their nine-month Memorandum of Understanding (MOU) with Albemarle. This decision allows Patriot to explore new strategic partnerships in the downstream lithium sector. With the MOU's termination, all exclusive rights granted to Albemarle have expired, enabling Patriot to engage with multiple downstream companies. The completion of this agreement coincides with growing industry interest in Patriot's Corvette Project, a major supplier of high-quality raw materials for lithium-ion batteries. The project boasts a maiden mineral resource estimate of 109.2 Mt at 1.42% Li2O and is one of the largest lithium pegmatite resources in the Americas. The funding from Albemarle facilitated several critical infrastructure developments, including a winter drill program. Patriot aims to capitalize on new strategic opportunities to maximize shareholder value.
Patriot Battery Metals Inc. announces the discovery of a new high-grade zone at the CV13 Spodumene Pegmatite in the Corvette Project, Quebec. The winter drill program yielded positive results with mineralization at shallow depth and open in multiple directions. The Company is on track for a maiden mineral resource estimate in Q3 2024.
Patriot Battery Metals Inc. expands its land position at the Corvette Property through the acquisition of a proximal claim block from Azimut Exploration Inc. The acquisition includes 39 claims located in Quebec, enhancing the company's exploration potential for lithium, cesium, and tantalum. The deal involves a cash payment of $500,000, issuance of 150,000 common shares to Azimut, and a 2% net smelter returns royalty interest. The completion is pending TSX approval.
Patriot Battery Metals Inc. reports strong lithium mineralization results from CV5 at Corvette, with wide intervals and high Li2O grades. The 2024 winter drill program aimed to upgrade mineral resource confidence from inferred to indicated category. An updated mineral resource estimate is scheduled for Q3 2024.
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