Associated tags: FSE, Lithium, News, CV5, Property, ASX, Trans-Taiga Road, Corvette, NWT, Pontax River
Locations: CANADA, QUEBEC, ONTARIO, NORTH AMERICA, SOUTH AMERICA, SASKATCHEWAN, PIERRE, NOVA, AMERICAS, ALBERTA, BRITISH COLUMBIA, AUSTRALIA, NI
Lithium,
Rural Strategic Investment Program,
Partnership,
Person,
PMT,
Albemarle Corporation,
Property,
NYSE,
MOU,
Indian stock exchange,
NEWS,
ALB,
News,
Security (finance),
Patriot VANCOUVER, British Columbia and SYDNEY, Australia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX.V: PMET | ASX: PMT | OTCQX: PMETF | FSE: R9GA) is pleased to announce that it has closed its previously announced private placement of approximately C$109 million (the “Strategic Investment”) in Patriot by Albemarle Corporation (“Albemarle”) (NYSE: ALB).
Key Points:
- Following closing of the Strategic Investment, Albemarle now owns approximately 4.9% of Patriot’s issued and outstanding Common Shares on a fully-diluted in-the-money basis, or 6.4% on a non-diluted, issued and outstanding basis.
- The Common Shares subscribed by Albemarle are subject to a restriction on resale of four months and one day from the date hereof.
- The proceeds from the Strategic Investment will be used to accelerate the development activities at the Company’s Corvette Lithium Project (the “Property”) and for general corporate purposes.
- Persons absent registration under, or an applicable exemption from the registration requirements of, the U.S. Securities Act and applicable state securities laws.
Retrieved on:
Wednesday, August 2, 2023
There are two options for participating in the call, as outlined below:
Key Points:
- There are two options for participating in the call, as outlined below:
Professional investors (investors, brokers, analysts and fund managers) and media who wish to join the teleconference can register via the dedicated link below:
Participants must pre-register for the teleconference and after registering, you will receive a confirmation email containing information about joining the teleconference.
- Retail shareholders and investors are invited to listen to the call and view a slide presentation.
- To listen live, please click on the link below and register your details:
A recording will be made available on the Patriot website after the conclusion of the call.
- This news release has been approved by Blair Way, the President, CEO & Director of the Company.
Lithium,
Strategic Investment Group,
Corvette,
Partnership,
TSX Venture Exchange,
Indian stock exchange,
Person,
PMT,
Albemarle Corporation,
Property,
ASX,
Macquarie Group,
NYSE,
MOU,
NEWS,
ALB,
News,
Security (finance),
Patriot VANCOUVER, British Columbia and SYDNEY, Australia, July 31, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX.V: PMET | ASX: PMT | OTCQX: PMETF | FSE: R9GA) is pleased to announce that it has entered into a subscription agreement with respect to a private placement of approximately C$109 million (the “Strategic Investment”) in Patriot by Albemarle Corporation (“Albemarle”) (NYSE: ALB).
Key Points:
- Upon closing of the Strategic Investment, Albemarle will own approximately 4.9% of Patriot’s issued and outstanding Common Shares on a fully-diluted in-the-money basis, or 6.4% on a non-diluted, issued and outstanding basis.
- The proceeds from the Strategic Investment will be used to accelerate the development activities at the Company’s Corvette Lithium Project (the “Property”) and for general corporate purposes.
- Blair Way, Company President and CEO, commented: “We could not be more pleased to have welcomed Albemarle to invest in Patriot.
- Macquarie Capital is acting as financial advisor to Patriot and will receive an advisory fee equal to 3% of the gross proceeds of the Strategic Investment.
Cree,
Wildfire,
CV13,
Mineral resource estimation,
CV5,
Property,
Fire,
ASX,
FSE,
MRE,
Sapotaweyak Cree Nation,
CV4,
Transport,
Health,
Safety,
CV9,
CV10,
Lithium,
Patriot Vancouver, British Columbia and SYDNEY, Australia, July 26, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) provides this update on the Company’s operations at its Corvette Property (“The Property”) in Quebec, Canada.
Key Points:
- Vancouver, British Columbia and SYDNEY, Australia, July 26, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) provides this update on the Company’s operations at its Corvette Property (“The Property”) in Quebec, Canada.
- The ban on entry to the forest due to wildfires has been lifted for the area, including The Property.
- Due to some on-going road closures, the Company is remobilising personnel with materials to site using fixed wing aircrafts.
- It is anticipated that the road closures will be lifted as the fires continue to be extinguished.
Lithium,
Pilbara Minerals,
CV5,
ASX,
FSE,
Activism,
Report,
TSX,
Pharmaceutical industry,
Rare-earth element,
Corvette,
Patriot VANCOUVER, British Columbia and SYDNEY, Australia, July 10, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA), a leading lithium explorer which is focused on developing its 100% owned Corvette Lithium Project in Quebec (“Corvette”), is aware of a recent report published by Night Market Research (“Short Report” or “Report”).
Key Points:
- VANCOUVER, British Columbia and SYDNEY, Australia, July 10, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA), a leading lithium explorer which is focused on developing its 100% owned Corvette Lithium Project in Quebec (“Corvette”), is aware of a recent report published by Night Market Research (“Short Report” or “Report”).
- Patriot has sought legal advice on the Short Report and refutes the key conclusions made by Night Market Research.
- Night Market Research has indicated that it holds a short interest position in Patriot; hence it will realise gains from a decline in Patriot’s share price.
- Patriot can confirm that it has historically used media agencies to assist with market awareness of Patriot, which is not uncommon for microcap stocks.
Corvette,
Database,
Eeyou Istchee James Bay Regional Government,
Trans-Taiga Road,
QC,
Atmosphere,
Classification,
CV5,
Pulverizer,
ASX,
FSE,
SGS,
Outline,
Data,
Collection,
Growth,
Patriot,
Quality assurance,
News,
Lithium,
Road,
Printed circuit board,
Rare-earth element,
Exploration 108.0 m at 2.44% Li2O (195.5 m to 303.5 m), including 37.5 m at 3.58% Li2O, or 16.0 m at 4.08% Li2O (CV23-181).
Key Points:
- 108.0 m at 2.44% Li2O (195.5 m to 303.5 m), including 37.5 m at 3.58% Li2O, or 16.0 m at 4.08% Li2O (CV23-181).
- Wide widths and strong grades in final drill hole completed during the 2023 winter drill program – 139.2 m at 1.26% Li2O, including 36.2 m at 1.74% Li2O (CV23-190).
- All core sample assay results for drill holes completed during the 2023 drill winter program have now been reported.
- Darren L. Smith, Patriot Vice President of Exploration, comments: “These final core assay results from the recently completed winter program continue to outpace the industry norm.
Canada,
HLS,
Overalls,
CV13,
CV5,
ASX,
FSE,
Mica,
Project,
OPEX,
News,
DMS,
Lithium,
Rare-earth element Fe2O3 content of ~0.60% in final spodumene concentrate following magnetic separation on HLS concentrate.
Key Points:
- Fe2O3 content of ~0.60% in final spodumene concentrate following magnetic separation on HLS concentrate.
- Mineral Process Consultant and Project Steering Group member, Brett Grosvenor, comments: “The results of this HLS testwork at CV13 are very positive and indicate strongly that joint processing with CV5 Pegmatite material is practical and viable.
- Figure 1: Location of the CV13 Pegmatite cluster relative to the CV5 Pegmatite cluster.
- Figure 2: Distribution of composite core samples collected for HLS testwork at the CV13 Pegmatite cluster.
VANCOUVER, British Columbia, June 29, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET | ASX: PMT | OTCQX: PMETF | FSE: R9GA) has agreed to issue an aggregate of 48,002 restricted share units (the “RSUs”), and 48,002 performance share units (the “PSUs”) have also been granted to employees and consultants of the Company.
Key Points:
- VANCOUVER, British Columbia, June 29, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET | ASX: PMT | OTCQX: PMETF | FSE: R9GA) has agreed to issue an aggregate of 48,002 restricted share units (the “RSUs”), and 48,002 performance share units (the “PSUs”) have also been granted to employees and consultants of the Company.
- All were granted in accordance with the Company’s Omnibus Equity Incentive Plan.
- 100% of the RSUs will vest on the date which is three years from their date of grant.
- Up to 72,003 common shares are issuable pursuant to the vesting of the PSUs upon the achievement of certain performance milestones by the Company.
Eeyou Istchee James Bay Regional Government,
Tribune (Australian newspaper),
Trans-Taiga Road,
Property,
ASX,
FSE,
Sale,
Macquarie Group,
Mineral resource estimation,
Newspaper,
News,
Lithium VANCOUVER, British Columbia and SYDNEY, Australia, June 26, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) notes that the article in the Australian Newspaper of today (Patriot Battery Metals taps Macquarie Capital for a deal) and provides the following clarifying statement:
Key Points:
- VANCOUVER, British Columbia and SYDNEY, Australia, June 26, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) notes that the article in the Australian Newspaper of today (Patriot Battery Metals taps Macquarie Capital for a deal) and provides the following clarifying statement:
The Company has not commenced a process that would have the effect of initiating a sale of any of its assets, nor the listed parent.
- The Company has appointed a range of advisers and key personnel that further supports the continued development of its flagship wholly owned Corvette Property.
- About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district-scale 100% owned Corvette Property located in the Eeyou Istchee James Bay region of Quebec, Canada.
- No securities regulatory authority or stock exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.
