Patriot (ASX:PMT) launches lithium missile

Patriot Battery Metals shares have skyrocketed more than 91 per cent in the opening minutes of trading on the Australian Stock Exchange today.

The lithium-focused battery, base and precious metals explorer raised AU$4.2 million to advance promising exploration of its 100% flagship Corvette property in Canada.

The land package hosts significant lithium potential highlighted by the 2.2 km long CV5 spodumene pegmatite with drill intercepts of 1.65% Li2O and 193 ppm Ta2O5 over 159.7 m (CV22-042), and 2.22% Li2O and 147 ppm Ta2O5 over 70.1 m, including 3.01% Li2O and 160 ppm Ta2O5 over 40.7 m (CV22-017).

“It is great to be trading on the ASX. With the ASX listing blackout behind us, I look forward to getting back to our normal news flow, providing progress updates and assay results,” Company President Blair Way said.

“Commencing trading on the ASX is a major milestone for the company, and I appreciate the significant efforts of our team to make this happen.”

Price Action

The Company’s ASX-shares are currently trading at $1.14.

Next Steps

The Company is due a backlog of assay results, with announcements likely in the coming weeks.

About Corvette Property

The Corvette Property is located proximal to the Trans-Taiga Road and powerline infrastructural corridor in the James Bay Region of Québec.  Additional to its significant lithium and  Property hosts the Golden Gap Trend with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in the drill hole, and the Maven Trend with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop. The Company also holds 100% ownership of the Freeman Creek Gold Property in Idaho, USA, which hosts two prospective gold prospects – the Gold Dyke Prospect with a 2020 drill hole intersection of 4.11 g/t Au and 33.0 g/t Ag over 12 m, and the Carmen Creek Prospect with surface sample results including 25.5 g/t Au, 159 g/t Ag, and 9.75% Cu. The Company’s other assets include the Pentax Lithium-Gold Property, QC, and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.

Fundamental Data

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