Patriot Battery Metals Recognized as Entrepreneur of the Year by the Quebec Mineral Exploration Association

Patriot Battery Metals awarded Entrepreneur of the Year by the Quebec Mineral Exploration Association

Vancouver, BC, November 1, 2024—Patriot Battery Metals Inc. (TSX: PMET, ASX: PMT, OTCQX: PMETF, FSE: R9GA) has earned the prestigious title of "Entrepreneur of the Year" from the Quebec Mineral Exploration Association (QMEA). The award was presented at a celebratory gala in Montreal on October 30, where the company was recognized for its remarkable advancements in mining exploration and development over the past year.

Recognizing Innovation in Mining

Celebrating Achievement
Patriot Battery Metals received the Entrepreneur of the Year award due to its significant progress on the 100%-owned Shaakichiuwaanaan Project. This flagship initiative has seen transformative developments that streamline operations and enhance project viability. At the gala, the Patriot team was joined by members of the Cree community and the Ratt family, offering a commendable acknowledgment of their collaborative efforts—a vital aspect of the project’s success.

Project Advancements
Over the past year, the Patriot team has made several critical strides at the Shaakichiuwaanaan Project. Notably, they constructed a 20.2 km all-season access road, which plays a crucial role in reducing reliance on helicopter transport, thereby enhancing logistics and reducing costs. The establishment of an 88-person exploration camp has further bolstered their on-site capabilities. Additionally, in August, the Company updated its Mineral Resource Estimate, reiterating its commitment to transparency and progress within the sector.

The Preliminary Economic Assessment (PEA) published in August solidifies the Shaakichiuwaanaan Project’s potential to emerge as a leading lithium producer in North America. Envisioned as the fourth-largest hard rock lithium mine globally, the project boasts an extensive estimated lifespan of 24 years—positioning it as a significant player in the burgeoning electric vehicle and renewable energy markets.

Commitment to Sustainable Practices

Feasibility and Environmental Studies
In tandem with these developments, Patriot has kicked off a Feasibility Study and is actively gathering environmental baseline data. This research is integral for conducting a thorough Environmental and Social Impact Assessment, demonstrating the Company’s commitment to responsible mining practices. With an expanded team of dedicated professionals encompassing skills in geology, engineering, environmental, finance, and site management, Patriot is well-equipped to tackle the challenges and opportunities that lie ahead.

Ken Brinsden, President and CEO of Patriot Battery Metals, expressed pride in the Company’s recognition by the QMEA, stating, "This award showcases the exceptional dedication of our team to progress in our exploration programs and development studies."

Technical Expertise and Future Prospects

Qualified Leadership
The technical details regarding the Shaakichiuwaanaan Property have been compiled by geologist Darren L. Smith, who is recognized as a Qualified Person under National Instrument 43-101 standards. With his oversight, the resource estimate includes 80.1 million tonnes at 1.44% Li2O Indicated and 62.5 million tonnes at 1.31% Li2O Inferred, confirming its status as the largest lithium pegmatite resource in the Americas.

Patriot Battery Metals is on a promising trajectory within the lithium market, underpinned by robust resource estimates and a commitment to team expansion and sustainable practices. With the ever-increasing demand for lithium driven by the transition to electric vehicles and renewable energy, The Shaakichiuwaanaan Project holds significant promise for the future.

Patriot Battery Metals Inc. is dedicated to addressing the global demand for lithium while ensuring that operations are conducted with respect for the environment and local communities. The Company’s achievements thus far signal a potent blend of innovation, community partnership, and environmental stewardship, setting a noteworthy example in the minerals exploration industry.

For more information, visit Patriot Battery Metals or contact them at +1 (604) 279-8709.

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