Highlights Preliminary Dense Media Separation followed by magnetic separation on drill core from the CV5 Pegmatite produces marketable spodumene concentrate at high lithium recovery 79% recovery to produce 5.8% Li2O spodumene concentrate with low Fe2O3 Results affirm previous Heavy Liquid Separation tests and indicate a strong potential for a DMS driven flowsheet without the need of flotation An HLS screening program is [...]
Highlights Significant Drill Intercepts Twelve drill holes are reported herein from the CV5 Pegmatite and targeted mineralization at shallow to mid-level depths over a significant strike length. Results include some of the highest individual lithium sample grades returned to date in drill hole. 113.4 m at 1.61% Li2O , including 38.0 m at 2.17% Li2O Interval contains twenty individual samples over 3.00% Li2O including two [...]
Patriot Battery Metals Inc. is pleased to announce that the securities of the Company will commence quotation at 12.00 PM Australia Eastern Daylight Time on Wednesday, 7 December 2022. The shares of Patriot Battery Metals will trade under the ticker PMT and will be settled in the form of CHESS Depositary Interests at a ratio of 10 CDIs to 1 share. The Company raised AUD $4,200,000 pursuant to the offer under its [...]
Patriot Battery Metals Inc. is pleased to announce that it has successfully completed an initial public offering on the Australian Securities Exchange of 7,000,000 CHESS Depository Interests , at a price of AUD$0.60 per CDI, for gross proceeds of AUD$4,200,000 . The Company has received approval, subject to the usual conditions, from the ASX to Patriot's admission to the Official List and to the Official Quotation of [...]
Patriot Battery Metals Inc. is pleased to provide an update in relation to the Company's planned ASX listing. The Company has lodged a prospectus today in Australia to raise AUD $4.2m to support an application to list on the ASX. The Offering is scheduled to formally open on November 16, 2023 and is expected to close on November 21, 2022. The Offering will comprise the issuance of 7,000,000 Australian CHESS Depositary [...]
Patriot Battery Metals Inc. is pleased to provide a mineral exploration update on the Company's wholly owned Corvette Property, as well as a general corporate update. The final hole of the 2022 drill program at the Corvette Property was completed on October 24th, for a total of 26,598 metres over 90 holes , including 4,345 m over 20 holes , and 22,253 m over 70 holes . The three drill rigs remain at site and will be [...]
Highlights Significant Intercepts Continued wide and high-grade drill intercepts returned from the CV5 Pegmatite over a significant lateral distance between holes 0.97% Li2O over 104.5 m , including 1.52% Li2O over 51.9 m 1.42% Li2O over 61.9 m , including 2.00% Li2O over 30.0 m, and 1.01% Li2O over 52.0 m 1.42% Li2O over 47.4 m , including 1.96% Li2O over 21.0 m 1.05% Li2O over 30.7 m 1.26% Li2O over 26.6 m 1.31% Li2O [...]
Patriot Battery Metals Inc. is pleased to announce that it has completed a private placement of 1,507,170 charity flow-through common shares at a price of $13.27 per FT Share for aggregate gross proceeds of $20,000,145.90 . The FT Shares are subject to a statutory hold period of four months and one day from the date of issuance. Blair Way, President and CEO, comments: "I am very pleased to be completing this significant [...]
CV13 Pegmatite Cluster Spodumene pegmatite intersected in first drill hole to target the CV13 pegmatite cluster Spodumene pegmatite intercept from surface to 25.5 m Drill hole located approximately 30 m from outcrop Large, centimetre to decimetre scale spodumene crystals Core currently being processed at site Approximately 2,500 m of drilling planned in 2022 for initial testing at depth of the CV13 pegmatite cluster CV5 [...]
Highlights C$20 million raised to continue drilling at the Corvette Property, James Bay Region, Quebec Financing conducted at a price of C$13.27 representing a 109% premium to PMET's last traded share price as of Wednesday, 14 September The Company will utilize these funds for a winter drill program to commence in late January 2023 Patriot Battery Metals Inc. has entered into a subscription agreement with PearTree [...]
Patriot Battery Metals Inc. is pleased to announce that it has formed a Project Steering Group for the Corvette Project , that will report directly to the Company's Board of Directors. The PSG will be comprised of Blair Way , Ken Brinsden , Darren L. Smith , and Lithium Industry Development Specialist Brett Grosvenor. The purpose of the PSG is to assist the Board of Directors in ensuring the Company implements a [...]
Patriot Battery Metals Inc. is pleased to provide the following update on its plans to dual list on the ASX. Patriot has been in consultation with the ASX to obtain in-principle approval to undertake a dual listing on the ASX and TSX-V. Following the successful relisting of Patriot on the TSX-V on 14 July 2022, the Company now anticipates it will receive in-principle approval along with the standard ASX Listing Rule [...]
