Patriot Battery Metals Announces Grant of Incentive Equity Compensation
Patriot Battery Metals Inc.
Suite 700 - 838 W. Hastings Street, Vancouver, BC, Canada, V6C 0A6
www.patriotbatterymetals.com TSX-V: PMET / ASX: PMT / OTC: PMETF / FSE: R9GA
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Patriot Battery Metals Announces Grant of Incentive Equity
Compensation
June 29, 2023 – Vancouver, BC, Canada June 30, 2023 – Sydney, Australia
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX -V: PMET | ASX: PMT |
OTCQX: PMETF | FSE: R9GA) has granted an aggregate of 170,000 stock options (the
“Options”) and 21,431 deferred share units (“DSUs”) to directors of the Company , 79,058
restricted share units (the “RSUs”) and 79,058 performance share units (the “PSUs”) to employees
and consultants of the Company . All were granted in accordance with the Company’s Omnibus
Equity Incentive Plan.
Each of the Options is exercisable to acquire one common share of the Company at a price of
$16.10 per common share for a period of five years. The Options will vest in equal tranches over
a three-year period. All RSUs (100%) will vest on the date that is three years from their date of
grant. Up to 118,587 common shares are issuable pursuant to the ves ting of the PSUs upon the
achievement of certain performance milestones by the Company.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a hard -rock lithium exploration company focused on advancing its
district-scale 100%-owned Corvette Pr operty located in the Eeyou Istchee James Bay region of
Quebec, Canada. The Corvette Property is one of the largest and highest -grade hard rock lithium
projects being explored, with over 50 kilometres of strike length over a 214-square-kilometre land
package and more than 70 lithium bearing pegmatite outcrops identified to date.
The Corvette Property is situated proximal to the all-weather Trans Taiga Road and Hydro-Québec
power line infrastructure in the Eeyou Istchee James Bay region of Quebec. The Property hosts
significant lithium potential highlighted by the CV5 Pegmatite, which has been traced by drilling
over a strike length of at least 3. 7 km with spodumene pegmatite encountered as deep as 425 m
vertical depth.
For further information, please contact us at [email protected] or by calling
+1 (604) 279-8709, or v isit www.patriotbatterymetals.com. Please also refer to the Company’s
continuous disclosure filings, available under its profile at www.sedar.com and www.asx.com.au,
for available exploration data.
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This news release has been approved by the Board of Directors,
“BLAIR WAY”
Blair Way, President, CEO, & Director
Disclaimer for Forward-Looking Information
This news release contains forward -looking statements and other statements that are not historical facts.
Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”,
“expects” and similar expressions. All statements other than statements of historical fact, included in this
news release are forward -looking statements that involve risks and uncertainties, including without
limitation statements with respect to potential continuity of pegmatite bodies. There can be no assurance
that such statements will prove to be accurate and actual results and future events could differ materially
from those anticipated in such statements. Important factors that could cause actual results to differ
materially from the Company’s expectations include the results of further exploration and testing, and other
risks detailed from time to time in the filings made by the Company with securities regulators, available at
www.sedar.com and www.asx.com.au. The reader is cautioned that assump tions used in the preparation
of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual
results to differ materially from those predicted, as a result of numerous known and unknown risks,
uncertainties, and othe r factors, many of which are beyond the control of the Company. The reader is
cautioned not to place undue reliance on any forward -looking information. Such information, although
considered reasonable by management at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated. Forward -looking statements contained in this news
release are expressly qualified by this cautionary statement. The forward-looking statements contained in
this news release are made as of the date of this news release and the Company will update or revise
publicly any of the included forward-looking statements as expressly required by applicable law.
No securities regulatory authority or stock exchange has reviewed nor accepts responsibility for the
adequacy or accuracy of the content of this news release.