VANCOUVER, BC, Aug. 14,
2024 /CNW/ - August 15,
2024 – Sydney,
Australia
Patriot Battery Metals Inc. (the "Company" or "Patriot")
(TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased
to announce that highly experienced lithium commercial executive,
Alex Eastwood, will join Patriot
Battery Metals, commencing immediately. Based primarily in
Australia, Mr Eastwood will take
on the newly created role of Executive Vice President – Commercial,
contributing to the extensive engagement that Patriot currently has
underway with the industry downstream as it positions for the
future of the Shaakichiuwaanaan (shaa-gi-chi-waa-naan) Project
(formerly known as the Corvette Project).
Mr Eastwood, a lawyer by training with over 28 years' experience
in mining and corporate transactions, was one of the founding
senior executives at Pilbara Minerals in the roles of General
Counsel, Chief Commercial and Legal Officer and Company
Secretary.
Ken Brinsden, Patriot's Managing
Director said: "There is no one more experienced commercially in
lithium raw materials than Alex and I am pleased that we have been
able to secure him to join the Patriot team. It is another
important endorsement of what the Shaakichiuwaanaan Project
represents to the lithium world.
"With Patriot's ongoing engagement with the industry
downstream, it's great to have someone of Alex's calibre and
experience in helping us position the Company for success," Mr
Brinsden added.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a hard-rock lithium exploration
company focused on advancing its district-scale 100% owned
Shaakichiuwaanaan Property located in the Eeyou Istchee James Bay
region of Quebec, Canada, and
proximal to regional road and powerline infrastructure. The
Shaakichiuwaanaan Mineral Resource1, which includes the
CV5 & CV13 spodumene pegmatites, totals 80.1 Mt at 1.44%
Li2O Indicated, and 62.5 Mt at 1.31%
Li2O Inferred, and ranks as the largest lithium
pegmatite resource in the Americas, and the 8th largest
lithium pegmatite resource in the world. Additionally, the
Shaakichiuwaanaan Property hosts multiple other spodumene pegmatite
clusters that remain to be drill tested, as well as significant
areas of prospective trend that remain to be assessed.
1 Shaakichiuwaanaan (CV5 & CV13)
Mineral Resource Estimate (80.1 Mt at 1.44% Li2O and 163
ppm Ta2O5 Indicated, and 62.5 Mt at 1.31%
Li2O and 147 ppm Ta2O5 ppm
Inferred) is reported at a cut-off grade of 0.40% Li2O
(open-pit), 0.60% Li2O (underground CV5), and 0.80%
Li2O (underground CV13) with an Effective Date of
June 27, 2024 (through drill hole
CV24-526). Mineral resources are not mineral reserves as they do
not have demonstrated economic viability.
For further information, please contact us at
info@patriotbatterymetals.com or by calling +1 (604) 279-8709,
or visit www.patriotbatterymetals.com. Please also refer to the
Company's continuous disclosure filings, available under its
profile at www.sedarplus.ca and www.asx.com.au, for available
exploration data.
This news release has been approved by the Board of
Directors.
"KEN BRINSDEN"
Kenneth Brinsden, President, CEO,
& Managing Director
Competent Person Statement (ASX Listing Rule 5.22)
The information in this news release that relates to the Mineral
Resource Estimate for the Shaakichiuwaanaan Project was first
reported by the Company in a market announcement titled
"Significant Mineral Resource Upgrade at Shaakichiuwaanaan
Lithium Project to Underpin Impending PEA" dated August 5, 2024 (Vancouver time) and is available on the
Company's website at www.patriotbatterymetals.com, on SEDAR+ at
www.sedarplus.ca and on the ASX website at www.asx.com.au.
The Company confirms that, as of the date of this news release,
it is not aware of any new information or data that materially
affects the information included in this news release and that all
material assumptions and technical parameters underpinning the
Mineral Resource Estimate continue to apply and have not materially
changed. The Company confirms that, as at the date of this news
release, the form and context in which the competent person's
findings are presented have not been materially modified from the
original market announcement.
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SOURCE Patriot Battery Metals Inc.
