VANCOUVER, BC, July 23, 2024 /PRNewswire/ – July 24, 2024 – Sydney, Australia
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) publicizes that it has bought a receipt for a last decrease method bottom shelf prospectus additional to its submitting of a initial decrease method bottom shelf prospectus, prior to now introduced on July 11, 2024. Each paperwork were filed with the securities regulatory government in every of the provinces of Canada.
In Canada, the utility of a bottom shelf prospectus is normal apply because it lets in corporations to go through acceptable Canadian regulatory overview procedure prior to setting out any trade in of securities. Importantly, and usually talking, securities issued below a shelf prospectus complement filed below a bottom shelf prospectus don’t seem to be topic to a 4 time obligatory stock duration in Canada. As there are simplest restricted eventualities the place ASX applies stock sessions for problems with securities, for twin TSX-ASX indexed Canadian issuers, submitting a bottom shelf prospectus (which is valuable for a duration of 25 months from the past it turns into ultimate) widely facilitates alignment for problems with stocks around the ASX and TSX.
The Corporate has refuse rapid plans to factor securities below the bottom shelf prospectus, and might by no means factor any securities below this prospectus. The phrases of any safety trade in will likely be made topic to acceptable securities rules and relying at the ultimate construction and dimension of any safety trade in, the Corporate might require shareholder commendation below the ASX List Laws.
Patriot has filed this bottom shelf prospectus to deliver to grant the Corporate with higher monetary flexibility in the future (and widely facilitating alignment for the method to factor stocks at the TSX to that supplied at the ASX), however has now not entered into any word of honour or preparations to authorize or trade in any securities at this pace.
As prior to now introduced, the bottom shelf prospectus will permit the Corporate to trade in and factor familiar stocks, most well-liked stocks, debt securities, warrants, subscription receipts, gadgets or any mixture thereof for as much as an mixture providing worth of C$250 million right through the later 25-month duration. The precise phrases of any providing of securities below the bottom shelf prospectus, together with the utility of proceeds from any providing, will likely be i’m ready forth in a shelf prospectus complement which will likely be filed with the acceptable Canadian securities regulatory government.
This information drop shall now not represent an trade in to promote or the solicitation of an trade in to shop for, nor shall there be any sale of those securities in any province, surrounding or jurisdiction by which such trade in, solicitation or sale could be illegal previous to the registration or qualification below the securities rules of this kind of province, surrounding or jurisdiction.
A booklet of the general decrease method bottom shelf prospectus is to be had on SEDAR+ at www.sedarplus.ca and ASX at www.asx.com.au.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a hard-rock lithium exploration corporate keen on advancing its district-scale 100% owned Corvette Constituent positioned within the Eeyou Istchee James Bay pocket of Quebec, Canada, and proximal to regional highway and powerline infrastructure. The Corvette Constituent hosts the CV5 Spodumene Pegmatite with a maiden Mineral Useful resource Estimate of 109.2 Mt at 1.42% Li2O Inferred1 reported on July 31, 2023 and ranks as the most important lithium pegmatite useful resource within the Americas in line with contained lithium carbonate an identical (LCE), and one of the most lead 10 biggest lithium pegmatite sources on this planet. Moreover, the Corvette Constituent hosts more than one alternative spodumene pegmatite clusters that stay to be drill examined, in addition to vital farmlands of potential pattern that stay to be assessed.
1 The CV5 Mineral Useful 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 Efficient Generation of June 25, 2023 (thru drill hollow CV23-190). Mineral Sources don’t seem to be Mineral Reserves as they don’t have demonstrated financial viability. Greatest lithium pegmatite useful resource within the Americas in line with contained LCE.
For additional knowledge, please touch us at [email protected] or via calling +1 (604) 279-8709, or seek advice from www.patriotbatterymetals.com. Please additionally please see the Corporate’s steady disclosure filings, to be had below its profile at www.sedarplus.ca and www.asx.com.au, for to be had exploration knowledge.
This information drop has been licensed via the Board of Administrators.
“KEN BRINSDEN”
Kenneth Brinsden, President, CEO, & Managing Director
Disclaimer for Ahead-looking Knowledge
This information drop incorporates “forward-looking information” or “forward-looking statements” throughout the that means of acceptable securities rules and alternative statements that don’t seem to be historic info. Ahead-looking statements are integrated to grant details about control’s wave expectancies and plans that permits buyers and others to have a greater working out of the Corporate’s industry plans and fiscal efficiency and status.
All statements, alternative than statements of historic truth integrated on this information drop, in regards to the Corporate’s technique, life operations, technical checks, potentialities, plans and targets of control are forward-looking statements that contain dangers and uncertainties. Ahead-looking statements are normally known via phrases corresponding to “plan”, “expect”, “estimate”, “intend”, “anticipate”, “believe”, or diversifications of such phrases and words or statements that sure movements, occasions or effects “may”, “could”, “would”, “might” or “will” be taken, happen or be accomplished.
Ahead-looking knowledge is primarily based upon sure suppositions and alternative noteceable components that, if unfaithful, may purpose the fresh effects, efficiency or achievements of the Corporate to be materially other from life effects, efficiency or achievements expressed or implied via such knowledge or statements. There can also be refuse promise that such knowledge or statements will turn out to be correct.
Readers are cautioned that the foregoing record isn’t exhaustive of all components and suppositions which could have been worn. Ahead-looking statements also are topic to dangers and uncertainties going through the Corporate’s industry, any of which can have a subject material adversarial impact at the Corporate’s industry, monetary status, result of operations and expansion potentialities. One of the dangers the Corporate faces and the uncertainties that might purpose fresh effects to fluctuate materially from the ones expressed within the forward-looking statements come with, amongst others, the power to kill on plans in terms of the Corporate’s Corvette Challenge, together with the timing thereof. As well as, readers are directed to scrupulously overview the vivid possibility dialogue within the Corporate’s most up-to-date Annual Knowledge Mode filed on SEDAR+, which dialogue is integrated via reference on this information drop, for a fuller working out of the hazards and uncertainties that have an effect on the Corporate’s industry and operations.
Even though the Corporate believes its expectancies are primarily based upon cheap suppositions and has tried to spot noteceable components that might purpose fresh movements, occasions or effects to fluctuate materially from the ones described in forward-looking statements, there could also be alternative components that purpose movements, occasions or effects to not be as expected, estimated or supposed. There can also be refuse promise that forward-looking knowledge will turn out to be correct, as fresh effects and life occasions may fluctuate materially from the ones expected in such knowledge. As such, those dangers don’t seem to be exhaustive; then again, they will have to be thought to be moderately. If any of those dangers or uncertainties materialize, fresh effects might range materially from the ones expected within the forward-looking statements discovered herein. Because of the hazards, uncertainties and suppositions inherent in forward-looking statements, readers will have to now not playground undue reliance on forward-looking statements.
Ahead-looking statements contained herein are introduced to effect helping buyers in working out the Corporate’s industry plans, monetary efficiency and status and is probably not suitable for alternative functions.
The forward-looking statements contained herein are made simplest as of the past hereof. The Corporate disclaims any purpose or legal responsibility to replace or revise any forward-looking statements, whether or not because of fresh knowledge, life occasions or differently, excluding to the level required via acceptable regulation. The Corporate qualifies all of its forward-looking statements via those cautionary statements.
Competent Particular person Observation (ASX List Rule 5.22)
The mineral useful resource estimate on this drop used to be reported via the Corporate according to ASX List Rule 5.8 on July 31, 2023. The Corporate confirms that, as of the past of this drop, it’s not conscious about any fresh knowledge or knowledge verified via the competent individual that materially impacts the guidelines integrated within the announcement and that each one subject material suppositions and technical parameters bottom the estimates within the announcement proceed to use and feature now not materially modified. The Corporate confirms that, as of the past of this drop, the method and context by which the competent user’s findings are introduced have now not been materially changed from the untouched marketplace announcement.
SOURCE Patriot Battery Metals Inc.
