{"id":348,"date":"2023-05-07T21:00:21","date_gmt":"2023-05-07T21:00:21","guid":{"rendered":"https:\/\/pmetdev.wpenginepowered.com\/news\/q1-2023-newsletter\/"},"modified":"2025-10-08T15:52:53","modified_gmt":"2025-10-08T15:52:53","slug":"q1-2023-newsletter","status":"publish","type":"news","link":"https:\/\/www.pmet.ca\/fr\/nouvelles\/q1-2023-newsletter\/","title":{"rendered":"Q1 2023 Newsletter"},"content":{"rendered":"

Click Here to Download the PDF<\/a><\/h1>\n

Dear Fellow Shareholders<\/strong><\/p>\n

It\u2019s been a busy start to the year, and I am excited to connect with Patriot Battery Metals shareholders in this first edition of a quarterly newsletter to update you on the great strides we are making defining what we believe is an exceptional hard rock lithium asset.<\/p>\n

Our winter drilling program recently wrapped up and was a phenomenal success; we drilled more metres at the CV5 pegmatite area in the first three months of this year than we did for the whole drill program of 2022.\u00a0Drill results to date further confirmed the potential of our Corvette property to become a significant district scale discovery. Expect more drill results throughout the quarter.<\/p>\n

With a land package of 214 km2<\/sup>\u00a0hosting over 70+ lithium bearing pegmatite outcrops identified over a 50 km trend, our Corvette Project is shaping up to be comparable in size to top tier lithium deposits such as Greenbushes and Pilbara. With just 25 km of the 50 km trend mapped, we are really just getting started on this new lithium district.<\/p>\n

With a recent financing completed we are well funded and positioned\u00a0to continue advancing exploration of this incredible property.<\/p>\n

Our summer drill program will start in a few weeks and will be our largest program to date. The success of previous drill programs will be reflected soon with an initial mineral resource estimate for CV5 expected by late June to July. We\u2019re also busy moving CV5\u00a0towards Pre-Feasibility and starting the permitting process.<\/p>\n

Other priorities in 2023 include delineation drilling, environmental baseline work, the submission of a project description, the building of a camp for 80 people and a new all-season road.<\/p>\n

As you can see, we have a very busy few months ahead of us.\u00a0I look forward to connecting in July with more details.<\/p>\n

As always feel free to reach out to us at\u00a0info@patriotbatterymetals.com<\/a>\u00a0or at 1-604-279-8709.<\/p>\n

Sincerely,
\nBlair Way
\n<\/strong>President, CEO & Director<\/p>\n

\"\"<\/a><\/p>\n

News:<\/strong><\/h2>\n

April 12, 2023<\/a>
\nPatriot provided an update on environmental and pre-feasibility activities at the CV5 pegmatite<\/h4>\n

March 29, 2023<\/a>
\nPatriot\u00a0announced the first core samples assays of our winter drill program, confirming the extension of the high-grade Nova Zone to the east<\/p>\n

March 23, 2023<\/a>
\nPatriot extends strike length of\u00a0CV5 pegmatite<\/p>\n

March 20, 2023<\/a>
\nPatriot announced the closing of a $50M financing<\/p>\n

For all our news<\/a><\/p>\n

Upcoming Events:\u00a0<\/strong><\/h2>\n

May 10-12<\/a>
\nCanaccord Genuity Global Metals & Mining Conference<\/h4>\n

May 16<\/a>
\nResources Rising Stars Conference<\/p>\n

In the Media:<\/strong><\/h2>\n

April 12, 2023<\/a>
\nPatriot Battery Metals releases update on Quebec\u00a0lithium project<\/p>\n

April 3, 2023<\/a>
\nPatriot Battery Metals exploration update<\/p>\n

March 30, 2023<\/a>
\nPatriot Battery Metals, CEO Blair Way on Hitting Ultra High Grade at Nova Zone<\/p>\n

March 23, 2023<\/a>
\nPatriot Battery Metals extends Corvette lithium deposit in Quebec<\/p>\n

<\/p>\n

March 21, 2023<\/a>
\nPatriot Battery raises $50 M for Corvette lithium exploration<\/p>\n

January 19, 2023<\/a>
\nPatriot Battery Metals surges on best lithium drill intercept to date at CV5 pegmatite<\/p>\n

\"\"<\/a><\/h2>\n

Lithium Market Insights:<\/strong><\/h2>\n

While the price of lithium has dropped over recent months, the long-term future of lithium is bright as countries across the world are working to ramp up production in a bid to meet demand fueled by growth in electric vehicles.<\/p>\n

Canada is no exception. The Federal Budget, released in March, emphasised the need to increase production of the critical minerals required to transition to a greener economy, including lithium. Known to host about 2.5% of the world\u2019s known lithium deposits, the government has prioritised Canada\u2019s extraction of lithium as part of its critical mineral strategy.<\/p>\n

In Quebec, Premier Francois Legault has positioned the province as one with potential to export EV batteries worldwide and has been highly supportive of the lithium industry.<\/p>\n

Both Federal and Provincial support of the lithium industry is critical to its ability to advance, develop projects and bring production into reality without undue delay. As such, we applaud both Canada and Quebec for recognition of their role in aiding development.<\/p>\n

About Patriot Battery Metals Inc.<\/strong><\/h3>\n

Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district-scale 100% owned Corvette Property located in the Eeyou Istchee James Bay region of Quebec, Canada. The Corvette Property is one of the largest and highest-grade hard rock lithium projects being explored, with over 50 kilometres of strike length over a 214 square kilometre land package and over 70 lithium bearing pegmatite outcrops identified to date.<\/p>\n

The Corvette Property is situated proximal to the all-weather Trans Taiga Road and Hydro-Qu\u00e9bec power line infrastructure in the Eeyou Istchee James Bay region of Quebec.\u00a0The Property hosts significant lithium potential highlighted by the CV5 Pegmatite, which has been traced by drilling over a strike length of at least 3.15 km with spodumene pegmatite encountered as deep as 425 m vertical depth.<\/p>\n

For more information please visit us at\u00a0\u00a0www.fr.patriotbatterymetals.com<\/a><\/p>\n

Disclaimer for Forward-Looking Information<\/em><\/strong>
\nThis newsletter contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as \u201cwill\u201d, \u201cmay\u201d, \u201cshould\u201d, \u201canticipate\u201d, \u201cexpects\u201d and similar expressions. All statements other than statements of historical fact, included in this newsletter are forward-looking statements that involve risks and uncertainties, including, without limitation, statements with respect to potential continuity of pegmatite bodies, and mineral resource estimate preparation. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company\u2019s expectations include the results of further exploration and testing, and other risks detailed from time to time in the filings made by the Company with securities regulators, available at <\/em>www.sedar.com<\/em><\/a> and <\/em>www.asx.com.au<\/em><\/a>.\u00a0 The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this newsletter are expressly qualified by this cautionary statement. The forward-looking statements contained in this newsletter are made as of the date of this newsletter and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Click Here to Download the PDF Dear Fellow Shareholders It\u2019s been a busy start to the year, and I am excited to connect with Patriot Battery Metals shareholders in this first edition of a quarterly newsletter to update you on the great strides we are making defining what we believe is an exceptional hard rock […]<\/p>\n","protected":false},"author":1,"featured_media":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"news-category":[30],"class_list":["post-348","news","type-news","status-publish","hentry","news-category-iinfolettres"],"acf":[],"yoast_head":"\nQ1 2023 Newsletter | RESSOURCES PMET<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pmet.ca\/fr\/nouvelles\/q1-2023-newsletter\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q1 2023 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