Patriot Battery Metals awarded Entrepreneur of the Year by the Quebec Mineral Exploration Association
Patriot Battery Metals Inc.
Suite 700 - 838 W. Hastings Street, Vancouver, BC, Canada, V6C 0A6
www.patriotbatterymetals.com TSX: PMET / ASX: PMT / OTC: PMETF / FSE: R9GA
Patriot Battery Metals awarded Entrepreneur of the Year by
the Quebec Mineral Exploration Association
November 1, 2024 – Vancouver, BC, Canada 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, t he 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 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 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% Li 2O
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% Li 2O 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% Li 2O (open-pit), 0.60% Li 2O (underground CV5), and 0.80% Li 2O (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 [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 the Board of Directors.
“KEN BRINSDEN”
Kenneth Brinsden, President, CEO, & Managing Director.
Investor and Media Contacts:
Brad Seward
Vice President, Investor Relations
T: +61 400 199 471
Olivier Caza-Lapointe
Head, Investor Relations – North America
T: +1 (514) 913-5264