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Are there catalysts that might make Patriot Battery Metals (PMT) attractive?

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Are there catalysts that might make Patriot Battery Metals (PMT) attractive?

Hi MM team, At what price or announcements would PMT need to achieve, would it start to look "interesting" and possible inclusion into the emerging companies' portfolio? Understand that PLS is the preferred "safer" play but as a long-term play with a potential spodumene deposit, it would be interesting to get your thoughts. Keep up the good work! Cheers, Anthony

Answer

Hi Anthony,

Patriot Battery metals (PMT) is a Canadian based lithium pegmatite operation currently drilling out their Corvette asset in Quebec. The maiden resource update was a strong one, already making it the largest resource of its kind in the Americas. The maiden resource only contained drilling results from one area of the asset with a further 6 clusters to be developed.

Following the resource update, Albermarle has taken a $C109m stake in the company, owning ~5% and providing capital to further develop Corvette.

We still prefer Global Lithium (GL1) & Pilbara (PLS) for exposure in the space, however PMT would look interesting around $1.10/sh.

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Patriot Battery Metals Inc. (PMT)
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