Feasibility Study progressing to plan with a target September 2025 completion date. Updated Block model for the CV5 Pegmatite has been completed and handed over to the FS team using the extensive resource development/infill drilling program from 2024 and inclusive of the high-grade Nova Zone. FS will support the Company's ESIA submission which is also expected to be finalized and submitted in September 2025. FS is [...]
Highlights A review of the Company's drill core assay dataset has identified multiple distinct areas of considerable cesium enrichment Primary zone of enrichment is coincident with the Company's high-grade lithium Vega Zone and can be traced in drill holes over a very large area of approximately 600 m x 400 m and remains open in several directions. Pollucite, the principal and preferred ore mineral for cesium, has been [...]
Highlights Wide, high-grade spodumene pegmatite intercepts received from the extensive summer-fall 2024 in-fill drill program at CV5 complete the drill dataset required to support the upcoming Feasibility Study and maiden Ore Reserve: 153.8 m at 2.00% Li2O, including 55.4 m at 3.42% Li2O . 142.9 m at 1.77% Li2O, including 35.2 m at 3.36% Li2O . 186.0 m at 1.08% Li2O, including 11.3 m at 4.27% Li2O . 129.8 m at 1.36% Li2O [...]
Highlights The 2025 winter drill program at the Shaakichiuwaanaan Property is well underway, targeting a minimum of 15,000 m over the January to April period. The winter drill program has three primary objectives: Extend the high-grade Vega Zone westward along an interpreted structural corridor toward the CV12 Pegmatite, Test the highly prospective CV5 to CV13 pegmatite corridor, and Complete condemnation drilling at two [...]
Patriot Battery Metals is pleased to announce that it has closed its previously announced private placement for proceeds of C$69 million1 or US$48 million to Volkswagen Group. Following the closing of the Strategic Investment, Volkswagen now owns approximately 9.9% of Patriot's issued and outstanding Common Shares on a non-diluted basis. The proceeds from the Strategic Investment will be used for exploration, development [...]
Sydney, Australia Europe's largest car manufacturer positions Patriot Battery Metals to become a key future supplier of lithium raw materials for the North American and European battery supply chains. Volkswagen Group, through its holding and financing company, Volkswagen Finance Luxemburg S.A., will invest ~ C$69 million1 to acquire 9.9% of Patriot's issued and outstanding common shares. Subscription price of C$4.42 per [...]
Patriot Battery Metals is pleased to advise that Ken Brinsden, the Company's President, CEO and Managing Director, will host a live investor webinar today, Dec 18, 2024, following the announcement of an equity investment, off-take and strategic partnership with Volkswagen Group and PowerCo. Mr Brinsden will discuss the strategic rationale and implications of the transaction for Patriot and its strategy to develop the [...]
Highlights: Recent drilling significantly expands the high-grade Vega Zone at CV13: 31.2 m at 3.35% Li2O, including 4.7 m at 5.37% Li2O. 31.8 m at 2.07% Li2O, including 11.7 m at 3.47% Li2O. Includes a 0.9 m sample at 7.11% Li2O, the highest-grade core sample collected from the Property to date. 35.7 m at 1.65% Li2O, including 28.3 m at 2.05% Li2O. 33.0 m at 2.02% Li2O, including 4.6 m at 4.19% Li2O. 29.2 m at 2.05% Li2O [...]
Highlights: 307 g sample of marketable, on-specification, battery-grade lithium hydroxide monohydrate product produced from the CV5 Spodumene Pegmatite. The CV5 Pegmatite Deposit forms the cornerstone of the Company's Shaakichiuwaanaan Lithium Project in Canada, representing the bulk of the consolidated Mineral Resource Estimate1 of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. No impurities of [...]
Highlights: Extensive in-fill drilling program successfully completed at the cornerstone CV5 Spodumene Pegmatite Deposit to support the ongoing Feasibility Study. No further in-fill drilling is anticipated to achieve the primary objective of upgrading Inferred Mineral Resources to the Indicated category. Record 65,384 m drilled during summer/fall program, for a total of 128,052 m during calendar 2024, further de-risking [...]
Patriot Battery Metals is pleased to advise that Ken Brinsden, the Company's President, CEO and Managing Director, will host a live investor webinar tomorrow, 27 Nov 2024, to provide shareholders and investors with an update on recent exploration and development activities at the Shaakichiuwaanaan Lithium Project. Mr Brinsden will provide an update on the extensive drilling program completed as part of the 2024 [...]
Highlights: UL 2723 ECOLOGO® Certification for Mineral Exploration Companies received by the Company, a comprehensive certification that features credible third-party auditing of environmental, social and economic practices. 2023 Sustainable Development Report published. Extensive environmental baseline data collection field programs have been completed as planned to underpin our Environmental and Social Impact Assessment [...]
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