MONTRÉAL, Aug. 30, 2025 /PRNewswire/ — August 30, 2025 – Sydney, Australia
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce it has filed on SEDAR+ a technical report (the “Technical Report”), prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), titled “Mineral Resource Estimate for the Shaakichiuwaanaan Project, James Bay Region, Québec, Canada“, with an Issue Date of August 28, 2025, and Effective Date of June 20, 2025. The filing follows the July 20, 2025, news release of a updated Mineral Resource Estimate for the Shaakichiuwaanaan Project’s CV5 and CV13 LCT Pegmatites, including the Rigel and Vega caesium zones.
The Technical Report has been prepared by BBA Inc., with contributions from Primero Group Americas Inc., both consulting groups independent of the Company, in accordance with NI 43–101. The report is available on SEDAR+ and will shortly be available on the Company’s website.
Clarification Regarding the Mineral Resource Estimate Updates in 2025
Since the beginning of the 2025, the Company has disclosed two updates of the Mineral Resource Estimate (“MRE”) at the Property, the results of which are included in the Technical Report. The Company would like to provide the following clarifications regarding these updates.
The first update, announced on May 12, 2025, in the press release titled “Significant Mineral Resource Upgrade at Shaakichiuwaanaan Lithium Project to Underpin Impending Feasibility Study” (the “May 12 PR“), disclosed an updated Consolidated MRE at the Property focused on the CV5 and CV13 spodumene pegmatites. While the May 12 PR constituted material information warranting timely disclosure, a careful assessment by the Company of its impact on operational planning, economic outlook, and strategic direction led management to conclude that it did not constitute a “material change” in respect of the Company for Canadian securities law purposes. While the resource category tonnes upgrade from inferred to the indicated category were important, they did not alter the Project’s execution timeline, capital allocation priorities, or underlying technical assumptions to that already described in the public domain. As a result, the Company determined that it was not required to file an updated technical report under NI 43-101 in connection with the May 12 PR.
Conversely, the Company considers the updates contained in its press release dated July 20, 2025, titled “World’s Largest Pollucite-Hosted Caesium Pegmatite Mineral Resource Defined at Shaakichiuwaanaan” (the “July 20 PR“), to be material given that the Company disclosed for the first time a maiden caesium resource at the Rigel and Vega zones which was concluded to be the world’s largest known pollucite-hosted caesium pegmatite Mineral Resource. The July 20 PR therefore triggered the obligation under NI 43-101 to file this Technical Report within 45 days of its release.