VANCOUVER, BC, Sept. 17,
2024 /CNW/ - September 18,
2024 – Sydney,
Australia
Patriot Battery Metals Inc. (the "Company" or "Patriot")
(TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased
to announce results of voting at its Annual General Shareholder
Meeting held on Tuesday, September 17,
2024, at 4pm (Eastern Time) in
Montreal, Quebec, Canada (the
"Meeting").
All matters submitted to shareholders for approval as set out in
the Company's Notice of Annual General Meeting of Shareholders and
Information Circular (the
"Circular"), dated August 5, 2024, were approved
by the requisite majority of votes cast at the Meeting.
A total of 49,735,927 common shares were voted at the
Meeting, representing approximately 35.237% of the total
issued and outstanding common shares of the Company as of the
record date of the Meeting.
As required under ASX Listing Rule 3.13.2, we advise details of
resolutions passed, the proxies received and the total number of
votes cast for each resolution as set out at Appendix 1, which
includes detailed voting results for the election of each director
nominated in the Company's Circular.
A report with the final results on all matters voted on at the
Meeting will also be filed on SEDAR+ under Patriot's profile
at www.sedarplus.ca.
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 (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
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 August 21, 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
Qualified/Competent Person
The technical information in this news release is based on, and
fairly represents, information from the report titled "NI 43-101
Technical Report, Preliminary Economic Assessment for the
Shaakichiuwaanaan Project, James Bay Region, Québec,
Canada" with an Issue Date of September 12, 2024, and Effective Date of August
21, 2024 reviewed and approved by Mr. Darren
L. Smith, M.Sc., P.Geo., who is a Qualified Person
as defined by National Instrument 43-101 – Standards
of Disclosure for Mineral Projects, and member in good standing
with the Ordre des Géologues du Québec (Geologist
Permit number 01968), and with the Association of Professional
Engineers and Geoscientists of Alberta (member number 87868).
Mr. Smith is Vice President of Exploration for Patriot Battery
Metals Inc. and holds common shares and options in the Company.
Mr. Smith has sufficient experience, which is relevant to the
style of mineralization, type of deposit under consideration, and
to the activities being undertaken to qualify as a Competent Person
as described by the Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves (the JORC
Code). Mr. Smith consents to the inclusion in this news
release of the matters in the form and context in which they
appear.
APPENDIX 1 – Results
of Annual General
Meeting of Shareholders.
|
Resolution
|
Resolution
Result
|
Number of votes cast
in Meeting
|
Instructions given
to validly appointed proxies
|
|
For
|
Against
|
Withheld/Abstain
|
For
|
Against
|
Withheld/Abstain
|
Discretion
|
|
1a Election of Director -
Pierre Boivin
|
Pass
|
43,256,149
95.60%
|
N/A
|
1,992,860
4.404%
|
43,256,149
95.60%
|
N/A
|
1,992,860
4.40%
|
--
|
|
1b Election of Director -
|
|
44,024,359
|
N/A
|
1,224,650
|
44,024,359
|
N/A
|
1,224,650
|
--
|
|
Brian
Jennings
|
Pass
|
97.29 %
|
|
2.71 %
|
97.29 %
|
|
2.71 %
|
|
|
1c Election of Director -
|
|
44,173,979
|
N/A
|
1,075,030
|
44,173,979
|
N/A
|
1,075,030
|
--
|
|
Ken
Brinsden
|
Pass
|
97.62 %
|
|
2.38 %
|
97.62 %
|
|
2.38 %
|
|
|
1d Election of Director -
|
|
43,336,514
|
N/A
|
1,912,495
|
43,336,514
|
N/A
|
1,912,495
|
--
|
|
David Blair Way
|
Pass
|
95.77 %
|
|
4.23 %
|
95.77 %
|
|
4.23 %
|
|
|
1e Election of Director -
|
|
42,978,599
|
N/A
|
2,270,410
|
42,978,599
|
N/A
|
2,270,410
|
--
|
|
Mélissa
Desrochers
|
Pass
|
94.98 %
|
|
5.02 %
|
94.98 %
|
|
5.02 %
|
|
|
2. Appointment
of Auditor
|
Pass
|
49,651,546
|
N/A
|
66,064
|
49,651,546
|
N/A
|
66,064
|
--
|
|
99.87 %
|
|
0.13 %
|
99.87 %
|
|
0.13 %
|
|
|
3. Ratification of previous
|
|
|
|
|
|
|
|
--
|
|
issuance of Shares
under the Flow-Through Financing
|
Pass
|
34,004,868
94.79 %
|
140,496
0.39 %
|
1,728,248
4.82 %
|
34,004,868
94.79 %
|
140,496
0.32 %
|
1,728,248
4.82 %
|
|
|
Placement
|
|
|
|
|
|
|
|
|
|
4. Ratification of previous
|
|
|
|
|
|
|
|
--
|
|
issuance of Shares for
|
Pass
|
45,160,720
|
63,882
|
24,407
|
45,160,720
|
63,882
|
24,407
|
|
|
acquisition of blocks at the
|
|
99.81 %
|
0.14 %
|
0.05 %
|
99.81 %
|
0.14 %
|
0.05 %
|
|
|
Eastmain Project
|
|
|
|
|
|
|
|
|
|
5. Ratification of previous
issuance of Shares for
|
Pass
|
45,010,275
|
64,327
|
24,407
|
45,010,275
|
64,327
|
24,407
|
--
|
|
acquisition of JBN-57 claim
|
|
99.80 %
|
0.14 %
|
0.05 %
|
99.80 %
|
0.14 %
|
0.05 %
|
|
|
block
|
|
|
|
|
|
|
|
|
|
6. Approval to issue FY24
|
|
38,804,897
|
2,757,072
|
9,653
|
38,804,897
|
2,757,072
|
9,653
|
--
|
|
Options and
DSUs to Ken
|
Pass
|
93.35 %
|
6.63 %
|
0.02 %
|
93.35 %
|
6.63 %
|
0.02 %
|
|
|
Brinsden
|
|
|
|
|
|
|
|
|
|
7. Approval to issue FY24
|
|
28,196,818
|
13,365,152
|
9,653
|
28,196,818
|
13,365,152
|
9,653
|
--
|
|
Options and DSUs to Pierre
|
Pass
|
67.83 %
|
32.15 %
|
0.02 %
|
67.83 %
|
32.15 %
|
0.02 %
|
|
|
Boivin
|
|
|
|
|
|
|
|
|
|
8. Approval to
issue FY24 Options and DSUs to Mélissa
Desrochers
|
Pass
|
28,197,082
67.83%
|
13,364,888
32.15%
|
9,653
0.02%
|
28,197,082
67.83%
|
13,364,888
32.15%
|
9,653
0.02%
|
-
|
|
9. Approval to issue FY24
DSUs to Brian Jennings
|
Pass
|
38,628,852
92.92%
|
2,933,118
7.06%
|
9,653
0.02%
|
38,628,852
92.92%
|
2,933,118
7.06%
|
9,653
0.02%
|
-
|
|
10. Approval to issue DSUs
to non-executive Directors for FY25
|
Pass
|
38,633,556
92.93%
|
2,927,964
7.04%
|
10,103
0.02%
|
38,633,556
92.93%
|
2,927,964
7.04%
|
10,103
0.02%
|
--
|
|
11. Approval to issue Salary
Sacrifice DSUs to non-
executive Directors for FY25
|
Pass
|
38,698,451
93.09%
|
2,862,228
6.89%
|
10,944
0.03%
|
38,698,451
93.09%
|
2,862,228
6.89%
|
10,944
0.03%
|
--
|
|
12. Approval to issue RSUs and PSUs to
Ken Brinsden for FY25
|
Pass
|
38,351,700
92.255%
|
3,210,269
7.72%
|
9,653
0.02%
|
38,351,700
92.26%
|
3,210,269
7.72%
|
9,653
0.02%
|
-
|
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SOURCE Patriot Battery Metals Inc.
