VANCOUVER, BC, Nov. 1, 2024
/PRNewswire/ - November 1, 2024 - Sydney, Australia
Patriot Battery Metals Inc. (the "Company" or "Patriot")
(TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased
to advise that it has been recognized as "Entrepreneur of the Year"
by the Quebec Mineral Exploration Association (QMEA). The award was
announced at the 2024 QMEA Awards Gala held in Montreal on October 30,
2024.
The Entrepreneur of the Year award recognizes the work of a
company or team that has made significant progress over the past
year and was awarded to Patriot for its progress at the Company's
flagship 100%-owned Shaakichiuwaanaan Project.
The Patriot team was honored to be joined at the event by
members of the Cree community and the Ratt family, (Paul Ratt, Tallyman to Trapline CH-39 and the
location of our Shaakichiuwaanaan Project). Further, it was both a
pleasure and an honour for them to join with us as partners on
stage for the acceptance of the award.
The Patriot team advanced the Shaakichiuwaanaan Project in
several ways this past year, including construction of a 20.2 km
all season access road enabling the Company to reduce its
dependency on helicopters. Further, the team constructed an
88-person exploration camp and released an update to its Mineral
Resource Estimate in August.
The Preliminary Economic Assessment (PEA) for Shaakichiuwaanaan,
also delivered in August this year, confirmed the Project's
potential as a future North American lithium powerhouse, targeting
to become the fourth-largest hard rock lithium mine in the world,
with an estimated 24-year mine life.
The Company also kicked off its Feasibility Study and continued
collection of environmental baseline data to inform the
Environmental and Social Impact Assessment. The team expanded to
include talented, passionate professionals in geology,
engineering/studies, ESG, finance/accounting and site
management.
Ken Brinsden, President, CEO and
Director, comments: "We are enormously proud that Patriot has
been recognised as Entrepreneur of the Year by the QMEA, reflecting
the exceptional hard work of the Patriot Battery Metals team over
the past year in progressing exploration programs and development
studies at our flagship Shaakichiuwaanaan Project."
Qualified/Competent Person
The technical information in this news release that relates to
the Shaakichiuwaanaan Property is based on, and fairly represents,
information compiled 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
has reviewed and approved the technical information in this news
release.
Mr. Smith is an Executive and 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
based on his information in the form and context in which it
appears.
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.
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SOURCE Patriot Battery Metals Inc.
