Patriot Provides Permitting Progress Update on the Shaakichiuwaanaan Lithium Project
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 Provides Permitting Progress Update on the
Shaakichiuwaanaan Lithium Project
May 1, 2025 – Vancouver, BC, Canada
May 2, 2025 – Sydney, Australia
Highlights
• Permitting of the Shaakichiuwaanaan Project is on schedule and progressing well.
• The Company has formally commenced the Federal permitting process for the Project ,
with the submission of its Initial Project Description to the Impact Assessment Agency
of Canada (IAAC).
• The IAAC and Cree N ation Government ha ve confirmed that the submitted
documentation meets the necessary requirements, allowing the Federal permitting process
to formally commence.
• This process will run in parallel with the Provincial permitting process already underway,
to align the submission of the Provincial and F ederal Environmental and Social Impact
Assessments (“ESIA”) for late 2025.
• The ESIA submissions will be supported by over three years of robust environmental base
line data collection and extensive community consultations.
• Alix Drapack – Executive Vice President ESG to retire from executive duties and act as an
advisor to the Company on the project’s further development.
Ken Brinsden, Patriot CEO and President , comments: “We are really proud of the teams’ efforts to
ensure both that the Project remains on track, but also that the quality and extensive work contributing to
our upcoming ESIA submissions suits the community’s and regulator’s needs. It can’t be underestimated
how much work has already been achieved by Patriot to ensure Shaakic hiuwaanaan is well-placed in the
global lithium raw material development pipeline. From discovery and establishing a globally significant
resource, to moving the Project to the upcoming mine authorization process in less than 4 years,
demonstrates both the quality in the Project and team delivering it.
We also note with interest recent comments in the public domain in respect of federal approvals,
minimizing duplication and greater provincial approval cooperation. We intend to maintain close-contact
with all the key Government agencies and the Cree, to ensure a diligent and timely approval process for
the Project,” added Mr. Brinsden.
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 Shaakichiuwaanaan
Property hosts a consolidated Mineral Resource Estimate 1 (“MRE”) of 80.1 Mt at 1.44% Li 2O
Indicated and 62.5 Mt at 1.31% Li 2O Inferred. 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 is located <3 km along
geological trend from the CV5 Pegmatite, which hosts additional lithium and tantalum resources
as well as a recently discovered zone of cesium mineralisation (see news release dated March 2,
2025).
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. The document is available at the following link (Shaakichiuwaanaan
Mining Project Initial Project Description).
The Federal Joint Assessment Committee, consisting of representatives of IAAC and the Cree
Nation Government, has determined that the Initial Project Description meets the necessary
requirements. As such, IAAC has begun its formal planning and comment period, and undertook
two public information sessions in February 2025.
A summary of questions was compiled and Patriot has now formally responded, after which IAAC
will provide tailored Impact Statement Guidelines for the Project, paving the way for the F ederal
ESIA submission later this year.
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 notes with interest recent comments in the public domain in respect of federal
approvals, minimizing duplication and the potential in greater provincial approval cooperation. 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.
Provincial Project Approval Submissions and ESIA Studies
In November 2023, Patriot filed a Preliminary Information Statement with the Québec
Government (Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la
Faune et des Parcs or “MELCCFP”) (see news release dated November 30, 2023). Subsequently,
Patriot received the formal guidelines for the Project’s ESIA submission (see news dated April 17,
2024).
An amendment was filed with MELCCFP in January 2025 to reflect the change of Project name to
Shaakichiuwaanaan and to clarify the hybrid mining approach (using both open pit and underground
mining methods) being evaluated in the Feasibility Study for the Project.
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), an d 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.
Collectively, these inputs now form the basis for the final ESIA documentation and the formal
commencement of the Mine Authorisation process later this year.
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, t he provincial and federal ESIA submissions remain on -track for
presentation in the second half of 2025.
Alix Drapack – Executive Vice President ESG has confirmed her desire to retire from executive
duties with the Company. The Company wishes Alix all the best for her retirement and is very
pleased that she has agreed to provide advisory support to the team for the foreseeable future.
This assists in maintaining continuity in the progress of both project app rovals and community
engagement, while recruitment continues for additional resources in support of the Company’s
objectives.
Figure 1: Environmental data collection at Shaakichiuwaanaan.
Qualified 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.
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 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.
A Preliminary Economic Assessment (“PEA”) was announced for the CV5 Pegmatite August 21,
2024, and highlights it as a potential North American lithium raw materials powerhouse. The PEA
outlines the potential for a competitive and globally significant high-grade lithium project targeting
up to ~800 ktpa spodumene concentrate using a simple Dense Media Separation (“DMS ”) only
process flowsheet.
1 Shaakichiuwaanaan (CV5 & CV13) Mineral Resource Estimate (80.1 Mt at 1.44% Li 2O and 163 ppm Ta 2O5
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% 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
Olivier Caza-Lapointe
Head, Investor Relations – North America
T: +1 (514) 913-5264
Disclaimer for Forward-looking Information
This news release contains 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 allow 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 are forward-looking statements that involve
risks and uncertainties. Forward-looking statements are typically identified by words such as “on
schedule”, progressing”, “will”, “underway”, “on-track”, “development pipeline”, “intend”, and
similar words or expressions . Forward -looking statements in this release include, but are not
limited to, statements on the permitting progress and Project schedule.
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 achievement s expressed or implied by
such information or statements. There can be no assurance that such information or statements
will prove to be accurate. Key assumptions upon which the Company’s forward- looking
information is based include, without limitation, th at proposed exploration and mineral resource
estimate work on the Property will continue as expected, the accuracy of reserve and resource
estimates, the classification of resources between inferred and the assumptions on which the
reserve and resource est imates are based, long -term demand for spodumene supply, and that
exploration and development results continue to support management’s current plans for
Property development and expectations for the Project.
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. In addition, 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, 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.
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 August 5, 2024. The Company confirms that, as of the date of this
announcement, 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 Compa ny 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.
The production target referred to in this release was reported by the Company in accordance
with ASX Listing Rule 5.16 on August 21, 2024. The Company confirms that, as of the date of this
announcement, all material assumptions and technical parameters underpinning the production
target in the original announcement continue to apply and have not materially changed.