TSX: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA
TSX: PMET | ASX: PMT | OTCQX: PMETF | FWB: R9GA
Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Property (formerly known as Corvette) located in the Eeyou Istchee James Bay region of Quebec, Canada, which is accessible year-round by all-season road and is proximal to regional powerline infrastructure. The Shaakichiuwaanaan Mineral Resource1, which includes the CV5 & CV13 spodumene pegmatites, totals 108.0 Mt at 1.40% Li2O Indicated, and 33.3 Mt at 1.33% Li2O Inferred, and ranks as the largest lithium pegmatite resource in the Americas, and the 8th largest lithium pegmatite resource in the world. Shaakichiuwaanaan also holds significant potential for other critical and strategic metals including tantalum, cesium, and gallium.
A Preliminary Economic Assessment (“PEA”) was announced for the CV5 Pegmatite (lithium) on August 21, 2024, and highlights Shaakichiuwaanaan as a potential North American lithium raw materials powerhouse. The PEA outlines the potential for a competitive and globally significant high-grade lithium project targeting up to ~800 ktpa spodumene concentrate using a simple Dense Media Separation (“DMS”) only process flowsheet.
1 Shaakichiuwaanaan (CV5 & CV13) Mineral Resource Estimate (108.0 Mt at 1.40% Li2O, 166 ppm Ta2O5, and 66 ppm Ga, Indicated, and 33.3 Mt at 1.33% Li2O, 156 ppm Ta2O5, and 65 ppm Ga, Inferred) is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.70% Li2O (underground CV13) with an Effective Date of January 6, 2025 (through drill hole CV24-787). Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
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“The technical information herein has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed on behalf of the Company by Mr. Darren L. Smith, M.Sc., P.Geo., Executive and Vice President of Exploration for Patriot Battery Metals., a Qualified Person and registered permit holder with the Ordre des Géologues de Québec”