Patriot Files Final Base Shelf Prospectus
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 Files Final Base Shelf Prospectus
July 23, 2024 – Vancouver, BC, Canada July 24, 2024 – Sydney, Australia
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT)
(OTCQX: PMETF) (FSE: R9GA) announces that it has obtained a receipt for a final short
form base shelf prospectus further to its filing of a preliminary short form base shelf prospectus,
previously announced on July 11, 2024. Both documents have been filed with the securities
regulatory authorities in each of the provinces of Canada.
In Canada, the use of a base shelf prospectus is customary practice as it allows companies to
undergo applicable Canadian regulatory review process before commencing any offer of securities.
Importantly, and generally speaking, securities issued under a shelf prospectus supplement filed
under a base shelf prospectus are not subject to a four month mandatory hold period in Canada.
As there are only limited scenarios where ASX appl ies hold periods for issues of securities, for
dual TSX-ASX listed Canadian issuers, filing a base shelf prospectus (which is effective for a period
of 25 months from the date it becomes final) broadly facilitates alignment for issues of shares
across the ASX and TSX.
The Company has no immediate plans to issue securities under the base shelf
prospectus, and may never issue any securities under this prospectus. The terms of any security
offer will be made subject to applicable securities laws and depending on the final structure and
size of any security offer, the Company may require shareholder approval under the ASX Listing
Rules.
Patriot has filed this base shelf prospectus in order to provide the Company with greater financial
flexibility going forward (and broadly facilitating alignment for the process to issue shares on the
TSX to that provided on the ASX), but has not entered into any agreements or arrangements to
authorize or offer any securities at this time.
As previously announced , the base shelf prospectus will allow the Company to offer and issue
common shares, preferred shares, debt securities, warrants, subscription receipts, units or any
combination thereof for up to an aggregate offering price of C$250 million during the next 25-
month period. The specific terms of any offering of securities under the base shelf prospectus ,
including the use of proceeds from any offering, will be set forth in a shelf prospectus supplement
which will be filed with the applicable Canadian securities regulatory authorities.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale of these securities in any province, state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or qualification under the securities
laws of any such province, state or jurisdiction.
A copy of the final short form base shelf prospectus is available on SEDAR+ at www.sedarplus.ca
and ASX at www.asx.com.au.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a h ard-rock lithium exploration company focused on advancing its
district-scale 100% owned Corvette Property located in the Eeyou Istchee James Bay region of
Quebec, Canada, and proximal to regional road and powerline infrastructure. The Corvette
Property hos ts the CV5 Spodumene Pegmatite with a maiden Mineral Resource Estimate of
109.2 Mt at 1.42% Li 2O Inferred 1 reported on July 31, 2023 and ranks as the largest lithium
pegmatite resource in the Americas based on contained lithium carbonate equivalent (LCE), and
one of the top 10 largest lithium pegmatite resources in the world. Additionally, the Corvette
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 The CV5 Mineral Resource Estimate (109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 Inferred) is reported at a cut-
off grade of 0.40% Li2O with an Effective Date of June 25, 2023 (through drill hole CV23-190). Mineral Resources
are not Mineral Reserves as they do not have demonstrated economic viability. Largest lithium pegmatite resource
in the Americas based on contained LCE.
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
Brad Seward
Vice President, Investor Relations
T: +61 400 199 471
Olivier Caza-Lapointe
Head, Investor Relations – North America
T: +1 (514) 913-5264
Disclaimer for Forward-looking Information
This news release contains “forward-looking information” or “forward-looking statements” within
the meaning of applicable securities laws and other statements that are not historical facts.
Forward-looking statements are included to provide information about management’s current
expectations and plans that allows investors and others to have a better understanding of the
Company’s business plans and financial performance and condition.
All statements, other than statements of historical fact included in this news release, regarding the
Company’s strategy, future operations, technical assessments, prospects, plans and objectives of
management are forward-looking statements that involve risks and uncertainties. Forward-looking
statements are typically identified by words such as “plan”, “expect”, “estimat e”, “intend”,
“anticipate”, “believe”, 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.
Forward-looking information is based upon certain assumptions and other important factors that,
if untrue, could cause the actual results, performance or achievements of the Company to be
materially different from future results, performance or achievements expressed or implied by
such information or statements. There can be no assurance that such information or statements
will prove to be accurate.
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 material 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 Corvette Project, including the timing thereof. In addi tion, readers are
directed to carefully review the detailed risk discussion in the Company’s most recent Annual
Information Form filed on SEDAR+, which discussion is incorporated by reference in this news
release, for a fuller understanding of the risks and uncertainties that affect the Company’s business
and operations.
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, a ctual results may vary materially from those anticipated in the forward -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.
Forward-looking statements contained herein are presented for the purpose of assisting investors
in understanding the Company’s business plans, financial performance and condition and may not
be appropriate for other purposes.
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 5.22)
The mineral resource estimate in this release was reported by the Company in accorda nce with
ASX Listing Rule 5.8 on July 31, 2023. The Company confirms that, as of the date of this 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 of the date of this release, the form and
context in which the competent person’s findings are presented have not been materially modified
from the original market announcement.