Patriot Achieves Further Permitting Progress at the Shaakichiuwaanaan Lithium Project Federal permitting process progresses and aligns with the Provincial process already underway
Patriot Battery Metals Inc.
Suite 900 - 1801, McGill College, Montreal, Qc, H3A 1Z4
www.patriotbatterymetals.com TSX: PMET / ASX: PMT / OTC: PMETF / FSE: R9GA
Patriot Achieves Further Permitting Progress at the
Shaakichiuwaanaan Lithium Project
Federal permitting process progresses and aligns with the Provincial process already
underway
September 3rd, 2025 – Montreal, QC, Canada
September 4th, 2025 – Sydney, Australia
Highlights
• Permitting of the Shaakichiuwaanaan Project is on schedule and progressing well.
• The planning phase of the Federal environmental and social impact assessment process
is now formally complete , culminating in the Impact Assessment Agency of Canada
(IAAC) publishing its Tailored Impact Statement Guidelines and a detailed Permitting Plan
for the Shaakichiuwaanaan Lithium Project.
• The Permitting Plan is consistent with the Company’s previously estimated and
reported overall mine authorization timeline.
• This Federal process will run in parallel with the Provincial environmental and social impact
assessment process already underway, with submission of the Provincial Environmental and
Social Impact Assessment ( “ESIA”) targeted for late 2025, and the equivalent F ederal
application to be submitted shortly thereafter.
• The ESIA submissions will be supported by over three years of robust environmental base
line data studies and extensive community consultations.
Ken Brinsden , Patriot CEO and President , comments: “ Within the approvals process to-date ,
engagement with both the Cree, provincial and federal authorities has been constructive and timely. Further,
we are pleased to see that the Impact Assessment Agency of Canada is aiming to minimize duplication
and ensure full use is made of the work contributing to the Cree and provincial level assessment.
“It can’t be underestimated how much work has already been achieved by Patriot to ensure
Shaakichiuwaanaan is well -placed in the global lithium raw material development pipeline. Moving the
project from discovery and the establishment of a globally significant resource, to the upcoming mine
authorization process in less than 4 years is a remarkable achievement that demonstrates both the quality
of the Project and team delivering it.”
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT)
(OTCQX: PMETF) (FSE: R9GA) is pleased to provide a progress update on the permitting
process of the Company’s wholly owned Shaakichiuwaanaan Property (the “Property” or
“Project”), located in the Eeyou Istchee James Bay region of Quebec. The CV5 Spodumene
Pegmatite, which forms the bulk of the MRE , is accessible year-round by all -season road and is
situated approximately 14 km from a major hydroelectric powerline corridor. The CV13 Pegmatite
(which is outside the scope of the Company’s CV5 ESIA) is located <3 km along geological trend
from the CV5 Pegmatite, which hosts additional lithium, caesium and tantalum resources (see news
release dated July 20, 2025).
Figure 1: Shaakichiuwaanaan Property and regional infrastructure.
Federal Project Approval Submissions and ESIA Studies
In February 2025, Patriot submitted its Initial Project Description for the Shaakichiuwaanaan
Lithium Project (CV5 Pegmatite) to IAAC, in order to formally initiate the Federal elements to the
Project permitting process.
In the period since the submission of the Initial Project Description , the Company has engaged
with the Federal Joint Assessment Committee (consisting of representatives of IAAC and the Cree
Nation Government) and the IAAC has undertaken its formal planning and public comment period.
In August 2025, the Tailored Impact Statement Guidelines , Permitting Plan, Cooperation Plan,
Indigenous Engagement and Participation Plan, and Public Participation Pl an were issued by IAAC
for the Project. This important milest one indicates the formal commencement of the Federal
impact assessment phase of the Project.
The public reference for progress in respect of the IAAC schedule can be found at the following
link: https://iaac-aeic.gc.ca/050/evaluations/proj/89271
The Federal impact assessment process will run in parallel with the Provincial permitting process
for the Project which commenced in 2023, and will leverage the existing provincial process to
streamline the federal requirements to the extent possible.
The Company also note s with interest the efforts of federal authorities to minimize duplication
with the provincial approval process. The Company intends to maintain close-contact with all the
key Government agencies and the Cree, to ensure a diligent and timely approval process for the
Project.
Overall Project Approval Summary Position
Over approximately a 3-year period, extensive environmental baseline data collection field
programs and community consultations have been completed as planned to underpin the
Company’s ESIA (supporting both Federal and Provincial processes) , for the development of the
CV5 Pegmatite.
As a result of the above, now combined with the constructive and timely approach of regulatory
authorities, the provincial ESIA submissions remain on-track for presentation in late 2025, with
the federal ESIA to follow shortly thereafter.
Qualified/Competent Person
The information in this news release that relates to exploration results for 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 numbe r 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, Restricted Share Units (RSUs), and Performance Share Units (PSUs) 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 Explo ration 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 acce ssible year-round by all -
season road and is proximal to regional powerline infrastructure. The Project hosts the world’s
largest1 pollucite-hosted caesium pegmatite Mineral Resource 2 at the Rigel and Vega zones with
0.69 Mt at 4.40% Cs2O, Indicated, and 1.70 Mt at 2.40% Cs 2O, Inferred. Additionally, the Project
hosts a Consolidated Mineral Resource, which includes the Rigel and Vega caesium zones, totalling
108.0 Mt at 1.40% Li2O, 0.11% Cs2O, 166 ppm Ta2O5, and 66 ppm Ga, Indicated, and 33.4 Mt at
1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga, Inferred, and ranks as the largest lithium
pegmatite resource in the Americas, and in the top ten globally.
For further information, please contact us at [email protected] 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
“KEN BRINSDEN”
Kenneth Brinsden, President, CEO, & Managing Director
Olivier Caza-Lapointe
Head, Investor Relations
T: +1 (514) 913-5264
Disclaimer for Forward-looking Information
This press release contains “forward-looking information” or “forward-looking statements” within
the meaning of applicable Securities Laws.
All statements, other than statements of present or historical facts, are forward -looking
statements. Forward -looking statements involve known and unknown risks, uncertainties and
assumptions and accordingly, actual results could differ materially from those expressed or implied
in such statements. You are hence cautioned not to place undue reliance on forward- looking
statements. Forward -looking statements are typically identified by words such as “plan”,
“development”, “growth”, “continued”, “intentions”, “expectations”, “strategy”, “opportunities”,
“anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”,
“viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “will”, “believes”, or
variations of such words and phrases or statements that certain actions, events or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be achieved.
1 Determination based on Mineral Resource data, sourced through July 11, 2025, from corporate disclosure.
2 The Consolidated MRE cut -off grade is variable depending on the mining method and pegmatite (0.40% Li 2O
open-pit, 0.60% Li2O underground CV5, and 0.70% Li2O underground CV13). A grade constraint of 0.50% Cs2O
was used to model the Rigel and Vega caesium zones, which are entirely within the CV13 Pegmatite’s open -pit
mining shape. The Effective Date of the MREs is June 20, 2025 (through drill hole CV24-787). Mineral Resources
are not Mineral or Ore Reserves as they do not have demonstrated economic viability.
Although the Company believes its expectations are based upon reasonable assumptions and has
attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward -looking statements, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or intended. There can be no
assurance that forward-looking information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such information. As such, these risks are
not exhaustive; however, they should be considered carefully. If any of these risks or uncertainties
materialize, actual results may vary materially from those anticipated in the for ward-looking
statements found herein. Due to the risks, uncertainties and assumptions inherent in forward-
looking statements, readers should not place undue reliance on forward-looking statements.
Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which
may have been used. Forward-looking statements are also subject to risks and uncertainties facing
the Company’s business, any of which could have a materia l adverse effect on the Company’s
business, financial condition, results of operations and growth prospects. Some of the risks the
Company faces and the uncertainties that could cause actual results to differ materially from those
expressed in the forward-looking statements include, among others, the ability to execute on plans
relating to the Company’s Project, including the timing thereof as well as its permitting process. In
addition, readers should review the detailed risk discussion in the Company’s most recent Annual
Information Form filed on SEDAR+ for a fuller understanding of the risks and uncertainties that
affect the Company’s business and operations.
The forward- looking statements contained herein are made only as of the date hereof. The
Company disclaims any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except to the extent required
by applicable law. The Company qualifies all of its forward-looking statements by these cautionary
statements.
Competent Person Statement (ASX Listing Rule 5.23)
The mineral resource estimate in this release was reported by the Company in accordance with
ASX Listing Rule 5.8 on July 21, 2025. The Company confirms that, as of the date of this news
release, it is not aware of any new information or data verified by the competent person that
materially affects the information included in the announcement and that all material assumptions
and technical parameters underpinning the estimates in the announcement continue to apply and
have not materially changed. The Company confirms that, as at the date of this announcement, the
form and context in which the competent person’s findings are presented have not been materially
modified from the original market announcement.