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
Retrieved on:
Wednesday, March 29, 2023
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Exploration VANCOUVER, British Columbia and SYDNEY, Australia, March 29, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce core assays for sixteen (16) holes completed as part of the 2023 winter drill program currently underway at its wholly owned Corvette Property (the “Property”), located in the James Bay Region of Quebec. The winter phase of the drill campaign is focused on the CV5 Pegmatite, located approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure.
Key Points:
- Extension of the high-grade Nova Zone eastwardly by 400 m – drill holes CV23-105, 106, 107, and 108.
- The Nova Zone has now been traced over a 750 m strike length, including a very high-grade band of greater than 5% Li2O over a minimum 200 m strike length.
- Several core sample assays exceeding 6% Li2O returned, including 1.3 m at 6.53% Li2O (CV23-115)
Six (6) core drilling rigs currently active at the CV5 Pegmatite.
- The exploration activities at Corvette will resume in late May for the summer-fall portion of the 2023 drill campaign.
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Exploration Six (6) core drilling rigs currently active at the CV5 Pegmatite.
Key Points:
- Six (6) core drilling rigs currently active at the CV5 Pegmatite.
- The ongoing advancement of the CV5 Pegmatite to an initial mineral resource estimate and subsequent Pre-Feasibility underway is expected to continue to de-risk the CV5 project area.
- The Company will continue to test the CV5 Pegmatite along strike at both ends.
- These drill holes will target pegmatite pierce points at approximately100 m spacing and trace the pegmatite encountered at depth to surface.
Capitalized terms in this news release not otherwise defined have the meaning provided in the news release of March 15, 2023 – please refer to that release for more details.
Key Points:
- Capitalized terms in this news release not otherwise defined have the meaning provided in the news release of March 15, 2023 – please refer to that release for more details.
- Settlement is anticipated to occur on March 23, 2023 (Sydney, Australia time) at which time the Flow Through Shares will have been converted to approximately 22.15 million Chess Depositary Interests ("CDIs") which trade on the ASX.
- In connection with the completion of the Flow Through Raising, the Company will pay Euroz Hartleys Limited and Canaccord Genuity (Australia) Ltd., as joint-lead managers for the transaction, a cash commission of A$1,215,995.72.
- Proceeds raised from the sale of the Flow Through Shares will be used to fund exploration on the Company’s Corvette Property.
Retrieved on:
Wednesday, March 15, 2023
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Patriot The issue price represents a 90% premium to the last closing price of Patriot shares on TSX-V on Monday, 13 March 2023.
Key Points:
- The issue price represents a 90% premium to the last closing price of Patriot shares on TSX-V on Monday, 13 March 2023.
- The unique tax treatment applicable to the Flow Through Shares does not apply to CDIs subsequently issued on account thereof.
- Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S.
- Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
VANCOUVER, British Columbia and SYDNEY, Australia, March 05, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce the results of voting at its Annual General Meeting held on Friday, March 3, 2023 at 4pm (Eastern Time) from Toronto, Canada.
Key Points:
- VANCOUVER, British Columbia and SYDNEY, Australia, March 05, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce the results of voting at its Annual General Meeting held on Friday, March 3, 2023 at 4pm (Eastern Time) 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 Rule 3.13.2, we advise details of resolutions and the proxies as set out at Appendix 1.
Retrieved on:
Tuesday, February 21, 2023
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Rare-earth element SYDNEY, Australia, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce the results of the Heavy Liquid Separation (“HLS”) Phase II testwork program on CV5 Pegmatite material, completed as follow-up to the successful Phase I HLS and Dense Media Separation (“DMS”) testwork program (see news release dated December 19th, 2022).
Key Points:
- Results affirm previous HLS and DMS results and bolster confidence that a simple DMS driven flowsheet, without the need of flotation, is applicable to the greater CV5 Pegmatite.
- Testwork indicates that a marketable spodumene concentrate exceeding 5.5% Li2O at high 70’s recovery is achievable using a DMS process.
- The prior Phase I HLS and DMS testwork, completed on CV5 Pegmatite material from drill holes CF21-001 and 002, affirm that bench scale HLS testing is a cost-effective way to rapidly assess the applicability of larger scale DMS processing, which is more reflective of an operating and continuous process (Table 1).
- As a next step, the HLS testwork program was expanded (i.e., Phase II) with the objective to assess the liberation and recovery characteristics of spodumene at different locations within the CV5 Pegmatite – along strike and at depth – which in turn would assess the applicability of DMS to the CV5 Pegmatite as a whole.
Retrieved on:
Monday, February 13, 2023
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Rb Significant intervals of spodumene pegmatite intersected near-surface in ten (10) of fourteen (14) drill holes to test the newly discovered CV13 Pegmatite Cluster.
Key Points:
- Significant intervals of spodumene pegmatite intersected near-surface in ten (10) of fourteen (14) drill holes to test the newly discovered CV13 Pegmatite Cluster.
- 22.4 m at 1.28% Li2O (3.1 m to 25.5 m) (CV22-077) – collared in lithium pegmatite.
- 15.6 m at 1.50% Li2O (2.8 m to 18.3 m) (CV22-081) – collared in lithium pegmatite.
- Second spodumene pegmatite intersected at depth, returning 8.1 m at 0.98% Li2O (167.4 m to 175.4 m) (CV22-085).
VANCOUVER, British Columbia and SYDNEY, Australia, Feb. 05, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to provide an update on the 2023 drill campaign currently underway at its wholly owned Corvette Property (the “Property”), located in the James Bay Region of Quebec. The winter phase of the drill campaign is focused on the CV5 Pegmatite, located approximately 13.5 km south of the regional and all‑weather Trans-Taiga Road and powerline infrastructure and is currently accessible by winter road.
Key Points:
- Extension of the CV5 Pegmatite eastwardly by at least 400 m through the first four (4) drill holes of the 2023 drill campaign (CV23-105, 106, 107, and 108)
Drill holes immediately on strike of high-grade Nova Zone.
- As of January 30th, 2023, a total of eight (8) drill holes (~3,400 m) have been completed this year at the CV5 Pegmatite.
- Blair Way, Company President, CEO and Director, comments: “We are off to a great start with drilling at the CV5 Pegmatite in 2023.
- The pegmatite continued to be intersected in drill holes CV23‑107 and 108, a further 100 m and 200 m along strike, respectively, with widths of approximately 65 m and 54 m (core length), respectively.
Lithium,
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News High-grade lithium mineralization returned from the 2022 drill campaign’s easternmost drill hole at the CV5 Pegmatite – drill hole CV22-093.
Key Points:
- High-grade lithium mineralization returned from the 2022 drill campaign’s easternmost drill hole at the CV5 Pegmatite – drill hole CV22-093.
- Strongly mineralized drill intersection further delineating the high-grade zone (herein termed the “Nova Zone”), previously identified in drill holes CV22-017, 042, 066, and 083.
- The spodumene mineralization at the greater CV5 Pegmatite has been traced over a strike length of at least 2,200 m through the 2021 & 2022 drill campaign.
- The 2022 drill campaign at Corvette has significantly expanded lithium mineralization at the CV5 Pegmatite.
Retrieved on:
Thursday, January 26, 2023
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Management VANCOUVER, British Columbia, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce the appointment of Mélissa Desrochers to the board, effective immediately.
Key Points:
- VANCOUVER, British Columbia, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) 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.
- The Company also announces the resignation of Director, Jon Christan Evensen.
- We would like to take this opportunity to thank Mr. Evensen for his valued contribution to the Board during his tenure with the Company.
