Patriot Battery Metals Inc. is pleased to advise that, further to its news release issued on March 15, 2023 / March 16, 2023 , it has successfully completed the Flow Through Raising of approximately 2.215 million Flow Through Shares in the capital of the Company at a price of C$22.57 per share to institutional, professional and sophisticated investors for gross proceeds of approximately C$50M. Capitalized terms in this [...]
Highlights C$50 million raise to accelerate critical mineral exploration on Corvette Property Private placement of flow through shares conducted at price of C$22.57 representing a 90% premium to the Company's last traded share price on TSX-V as of Monday, 13 March 2023 Strong demand from existing and new institutional, professional and sophisticated investors Placement completed via issuing of CDI's increasing the [...]
Patriot Battery Metals Inc. is pleased to announce the results of voting at its Annual General Meeting held on Friday, March 3, 2023 at 4pm from Toronto, Canada. All matters submitted to shareholders for approval as set out in the Company's Notice of Annual General Meeting and Information Circular, dated February 2, 2023, were approved by the requisite majority of votes cast at the meeting. As required under ASX Listing [...]
Highlights Heavy Liquid Separation testwork on eleven core sample composites indicate that a Dense Media Separation process is applicable to the greater CV5 Pegmatite body. HLS sample head grades ranged from 0.67% to 2.73% Li2O, resulting in an average spodumene concentrate grade of 5.98% Li2O at 77% recovery. Results affirm previous HLS and DMS results and bolster confidence that a simple DMS driven flowsheet, without [...]
Highlights Significant intervals of spodumene pegmatite intersected near-surface in ten of fourteen drill holes to test the newly discovered CV13 Pegmatite Cluster. 22.6 m at 1.56% Li2O , including 6.0 m at 3.19% Li2O . 22.4 m at 1.28% Li2O - collared in lithium pegmatite. 15.6 m at 1.50% Li2O - collared in lithium pegmatite. 18.8 m at 1.01% Li2O , including 4.0 m at 2.37% Li2O . 17.3 m at 1.41% Li2O , including 8.0 m at [...]
Highlights Extension of the CV5 Pegmatite eastwardly by at least 400 m through the first four drill holes of the 2023 drill campaign Geological logged, near-continuous1, spodumene-bearing pegmatite intersections from the main body ranging from of approximately 54 m to 132 m in width . Drill holes immediately on strike of high-grade Nova Zone. Step-out drilling westwardly, along strike of CV22-074, to begin shortly [...]
Highlights Significant Drill Intercepts High-grade lithium mineralization returned from the 2022 drill campaign's easternmost drill hole at the CV5 Pegmatite - drill hole CV22-093. 52.2 m at 3.34% Li2O , including 15.0 m at 5.10% Li2O . Strongly mineralized drill intersection further delineating the high-grade zone , previously identified in drill holes CV22-017, 042, 066, and 083. 131.2 m at 1.96% Li2O , including 57.0 [...]
Patriot Battery Metals is pleased to announce the appointment of Mélissa Desrochers to the board, effective immediately. Ken Brinsden, Patriot Battery Metals Non-Executive Chair, commented: "We are very pleased to welcome Mélissa to the Patriot Battery Metals team as independent director and member of the audit committee. Mélissa brings broad experience in strategic communications and stakeholder engagement in Quebec for [...]
Patriot Battery Metals is pleased to announce the appointment of Natacha Garoute, LLB, CPA to the position of CFO effective today. Dusan Berka has stepped down as CFO but will remain on the Board of directors. Blair Way, Company President, CEO and Director, comments: "We are very lucky to have been able to attract an executive of the caliber of Natacha to the team. Her broad experience with both TSX and ASX listed [...]
Highlights Significant Drill Intercepts The widest, highest grade lithium drill intercept returned to date at the CV5 Pegmatite - drill hole CV22-083 156.9 m at 2.12% Li2O, including 25.0 m at 5.04% Li2O or 5.0 m at 6.36% Li2O Drill hole CV22-083 continues to extend mineralization eastwardly at the CV5 Pegmatite, and is interpreted to have intersected part of a large, high-grade 'zone' within the overall pegmatite that [...]
Highlights 2 environment and permitting professionals appointed to Patriot's management team Alix Drapack joins as Vice President of Environment, Social and Governance Andrée Drolet joins as senior advisor Environment and Permitting Both Alix and Andrée previously held senior positions for Osisko Mining Inc. a leading Quebec based gold exploration company exploring the Windfall Lake Gold deposit in the Eeyou-Istchee James [...]
Mobilization for the 2023 drill campaign has commenced targeting a minimum of 20,000 m over the January to April period At least five drill rigs will be utilized to complete the winter program - largest single lithium drill program undertaken in recent times in Quebec Objective is to extend the 2,200 m strike length of the CV5 Pegmatite system to the east and west and to continue delineation of the recent CV13 discovery [...]
