Patriot Battery Metals Unveils PEA for Shaakichiuwaanaan Project

Author: Kelly Martin Updated: 09-12-2024 09:27 PM

Patriot Battery Metals Files PEA Technical Report

Patriot Battery Metals Inc. (PMET, PMT, PMETF) has recently filed a crucial National Instrument 43-101 Preliminary Economic Assessment (PEA) Technical Report concerning its Shaakichiuwaanaan Project. This filing marks a significant step in the company's efforts to develop its lithium resources and establish a strong foothold in the North American market.

Overview of the Technical Report

The Technical Report, entitled 'NI 43-101 Technical Report, Preliminary Economic Assessment for the Shaakichiuwaanaan Project, James Bay Region', has been prepared adhering to national standards. This document is vital as it provides insights into the economic viability of the mineral resources and outlines essential details regarding the development plans for the project.

Importance and Timing of the Report

According to regulatory requirements, the Technical Report must be filed within a specific timeline following the initial disclosure of material changes related to the mineral resource estimates. Its findings support earlier news releases that announced crucial data about the project. This report solidifies Patriot Battery Metals' commitment to transparency and diligence in the mining sector.

Resource Potential of the Shaakichiuwaanaan Project

The mineral resource at the Shaakichiuwaanaan Property is touted as one of the most significant lithium deposits in the Americas. This unique site encompasses extensive spodumene pegmatite deposits, which total an impressive 80.1 million tonnes at an average grade of 1.44% lithium oxide, with additional inferred resources contributing to the vast potential of the project.

Location and Accessibility

The Shaakichiuwaanaan Property is strategically located with convenient access to year-round roads and nearby regional infrastructure, including power lines. This advantageous positioning not only facilitates exploration but also supports future development, ensuring efficient operations.

Future Developments and Drill Testing

Beyond the existing resources, several additional spodumene pegmatite clusters await exploration, creating further opportunities for expansion and enhancement of the resource base. The management is optimistic about the likelihood of new discoveries and their potential economic benefits.

About Patriot Battery Metals

Patriot Battery Metals is dedicated to lithium exploration and is actively refining its plans for the Shaakichiuwaanaan Project. The company's commitment to advancing this property underlines its goal to be a significant player in the lithium supply chain.

Contact Information

For more details regarding the PEA Technical Report or any inquiries, please reach out via email at info@patriotbatterymetals.com or contact +1 (604) 279-8709. Additional information can be found on the official website.

Frequently Asked Questions

What is the Shaakichiuwaanaan Project?

The Shaakichiuwaanaan Project is a lithium exploration project by Patriot Battery Metals located in the James Bay region.

What does the Technical Report contain?

The report includes a Preliminary Economic Assessment, outlining the resource estimation and economic viability of the project.

What are the lithium resources reported?

The project has reported 80.1 million tonnes at 1.44% lithium oxide, making it one of the largest lithium resources in the Americas.

How can I access the Technical Report?

The Technical Report can be reviewed on SEDAR+ and the company’s official website.

Who can I contact for more information?

You can contact Patriot Battery Metals via email at info@patriotbatterymetals.com or call +1 (604) 279-8709 for further information.

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