Battery & Precious Metals Virtual Investor Conference Agenda Announced for July 26th and 27th

Battery & Precious Metals Virtual Investor Conference Agenda Announced for July 26th and 27th

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the Battery & Precious Metals Virtual Investor Conference. Individual investors, institutional investors, advisors, and analysts are invited to attend.

REGISTER NOW AT : https://bit.ly/3rA8c0n

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations and schedule 1x1 meetings with management.

"With over 25 companies presenting and a keynote from Socialsuite, we are excited to host our upcoming two-day Battery & Precious Metals Virtual Investor Conference ," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Our markets are tailored to meet the needs of today's resource companies as they look to engage more investors, and we are thrilled to see them leverage the VIC platform to support their outreach."

"We're excited to participate in the Metals and Mining Virtual Investor Conference. Starting the ESG journey can be challenging for small to mid-cap companies and we want to help them navigate those challenges in a sustainable, yet efficient way," said Seth Forman, President of ESG at Socialsuite.  "We look forward to sharing the lessons our customers have learnt and how Socialsuite can help companies get started with ESG, fast."

July 26 th

Eastern
Time (ET)
Presentation Ticker(s)
9:30 AM Socialsuite Keynote Presentation – ESG for Small Caps: Why Get Started Now?
Athena Catsoules, Account Executive
10:00 AM Century Lithium Corp. OTCQX: CYDVF | TSXV: LCE
10:30 AM WallBridge Mining Company Ltd. OTCQX: WLBMF | TSX: WM
11:00 AM Karora Resources Inc. OTCQX: KRRGF | TSX: KRR
11:30 AM American Rare Earth Ltd. OTCQB: ARRNF | ASX: ARR
12:00 PM Guanajuato Silver Company Ltd. OTCQX: GSVRF | TSXV: GSVR
12:30 PM Canterra Minerals Corp. OTCQB: CTMCF | TSXV: CTM
1:00 PM Sabre Gold Mines Corp. OTCQB: SGLDF | TSX: SGLD
1:30 PM Outcrop Silver & Gold Corp. OTCQX: OCGSF | TSXV: OCG
2:00 PM First Tellurium Corp. OTCQB: FSTTF | CSE: FTEL
2:30 PM Clean Air Metals Inc. OTCQB: CLRMF | TSXV:AIR
3:00 PM Arizona Metals Corp. OTCQX: AZMCF | TSX: AMC
3:30 PM Silver Hammer Mining Corp. OTCQB: HAMRF | CSE: HAMR

July 27 th

Eastern
Time (ET)
Presentation Ticker(s)
9:30 AM Pan African Resources PLC OTCQX: PAFRY | AIM: PAF
10:00 AM Galantas Gold Corp. OTCQX: GALKF | TSXV: GAL
11:00 AM Giga Metals Corp. OTCQX: HNCKF | TSXV: GIGA
11:30 AM Novo Resources Corp. OTCQX: NSRPF | TSX: NVO
12:00 PM Minera Alamos, Inc. OTCQX: MAIFF | TSXV: MAI
12:30 PM G2 Goldfields Inc. OTCQX: GUYGF | TSXV: GTWO
1:00 PM Kodiak Copper Corp. OTCQB: KDKCF | TSXV: KDK
1:30 PM Archer Exploration Corp. OTCQB: RCHRF | CSE: RCHR
2:00 PM Chilean Cobalt Corp. Private
2:30 PM Fathom Nickel Inc. OTCQB: FNICF | CSE: FNI

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .

About Virtual Investor Conferences ®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Media Contact:
OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact:
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com


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CENTURY LITHIUM ANNOUNCES POSITIVE FEASIBILITY STUDY FOR THE CLAYTON VALLEY LITHIUM PROJECT, NEVADA

CENTURY LITHIUM ANNOUNCES POSITIVE FEASIBILITY STUDY FOR THE CLAYTON VALLEY LITHIUM PROJECT, NEVADA

FEASIBILITY STUDY HIGHLIGHTS

  • Large-Scale Nevada-based Lithium Project: three-phase production plan will generate a life-of-mine average of 34,000 tonnes per annum (tpa) of battery-quality lithium carbonate (Li 2 CO 3 )

  • Innovative Approach in Processing: patent-pending chloride leaching process combined with Direct Lithium Extraction (DLE), the Feasibility Study is supported by 2+ years of testing at the Company's Pilot Plant

  • Mineral Resource Estimate: Measured and Indicated resources totaling 1,207.33 million tonnes (Mt) at an average grade of 957 parts per million (ppm) lithium (Li) containing 1. 155 Mt of Li or 6. 148 Mt of lithium carbonate equivalent (LCE)

  • Long 40-Year Mine Life : Proven and Probable Mineral Reserve Estimate totaling 287.65 Mt at an average grade of 1,149 ppm Li containing 0. 330 Mt of lithium or 1. 759 Mt of LCE

  • Initial Project: Phase 1 Capital Cost $1.537 billion for production capacity of 13,000 tpa LCE

  • Designed for Expansion: Phase 2 $0.651 billion for 28,000 tpa LCE, and Phase 3 $1.336 billion for 41,000 tpa LCE; Project expansions are capitalized with Project cash flow

  • Low Operating Cost: average operating cost $8,223 /t of Li 2 CO 3 produced, or $2,766 /t after sales of surplus sodium hydroxide (NaOH)

  • After-tax IRR of 17.1% at $24,000 /t Li 2 CO 3 : $3.01 billion after-tax net present value (NPV) at 8% discount rate and a 17.1% after-tax internal rate of return (IRR), using price assumptions of $24,000 /t for Li 2 CO 3 and $600 /dry metric tonne (dmt) for NaOH

Century Lithium Corp. (TSXV : LCE ) (OTCQX: CYDVF ) (Frankfurt: C1Z ) (Century Lithium or the Company) is pleased to announce the results of a National Instrument 43-101 (NI 43-101) feasibility study (Feasibility Study, FS or Study) completed on its 100% owned Clayton Valley Lithium Project (Project) in Nevada, USA . The Feasibility Study was prepared by Wood Group USA Inc. (Wood) and Global Resource Engineering, Ltd. (GRE). All currency amounts in this news release are presented in U.S. dollars.

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CENTURY LITHIUM PROVIDES UPDATE ON THE FEASIBILITY STUDY

CENTURY LITHIUM PROVIDES UPDATE ON THE FEASIBILITY STUDY

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or Company) reports that the Feasibility Study on the Company's Clayton Valley Lithium Project (Project), in Nevada, USA under the direction of Wood PLC and Global Resource Engineering Ltd., is currently under review by the Qualified Persons, and the Company anticipates its announcement imminently.

Century Lithium Provides Update on the Feasibility Study (CNW Group/Century Lithium Corp.)

To date, the Company's Feasibility Study team has revised and updated estimates for a phased production approach at the Project. These revisions also included assessment and evaluation of the economic benefit of sales of the surplus sodium hydroxide produced by the chlor-alkali plant.

The Company's Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada is now in its third year of testing the processing of lithium-bearing claystone from the Project. All data collected has been essential to the Feasibility Study. Century Lithium continues to work toward permitting the Project including the collection of baseline data collection for biology, surface and groundwater hydrology, and social impacts. Earlier this year, baseline reports were submitted by the Company's consultants and were accepted by the appropriate government agencies. Multiple reports have been completed which will aide in the preparation of a Plan of Operations to initiate the National Environmental Policy Act (NEPA) process.

About Century Lithium Corp.

Century Lithium Corp. (formerly Cypress Development Corp.) is an advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, USA . Century Lithium is currently in the pilot stage of testing on material from its lithium-bearing claystone deposit at its Lithium Extraction Facility in Amargosa Valley, Nevada and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF Century Lithium CORP.
WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as " expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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SOURCE Century Lithium Corp.

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Century Lithium Corp. to Present at the Metals and Mining Virtual Investor Conference October 3rd

Century Lithium Corp. to Present at the Metals and Mining Virtual Investor Conference October 3rd

Century Lithium Corp (TSX:V: LCE; OTCQX: CYDVF), based in Vancouver, focused on developing its 100%-owned Clayton Valley Lithium Project in Nevada, USA., today announced that William Willoughby, President & CEO, will present live at the Metals and Mining Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 3 rd 2023.

DATE : October 3 rd , 2023
TIME: 2:00 PM ET
LINK: https://bit.ly/44FOnTd
Available for 1x1 meetings: October 3

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CENTURY LITHIUM OBTAINS PROVISIONAL PATENT

CENTURY LITHIUM OBTAINS PROVISIONAL PATENT

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or the Company) is pleased to report it has obtained a provisional patent with the U.S. Patent and Trademark Office, U.S. Department of Commerce. The provisional patent is titled System and Method for Extracting Lithium from Clay and Other Materials in a Chloride Solution Using Individualized Pretreatments . The patent pending process encompasses the Company's flowsheet, as developed at its Lithium Extraction Facility ("Pilot Plant") in Amargosa Valley, Nevada USA and protects the Company's intellectual property (IP) pertaining to the handling of solutions derived from the treatment of solid materials including clays from the Company's Clayton Valley Lithium Project (Project) in Nevada .

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Century Lithium Reports on Testing with Saltworks and Production of Battery Grade Lithium Carbonate

Century Lithium Reports on Testing with Saltworks and Production of Battery Grade Lithium Carbonate

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or the Company) is pleased to report testing results at Saltworks Technologies, Inc. (Saltworks) in Richmond Canada and additional production of high-purity lithium carbonate (Li 2 CO 3 ) using product solutions from the Company's Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada USA. The solutions tested at Saltworks were derived from leaching of claystone from the Company's 100%-owned Clayton Valley Lithium Project (Project) in Nevada ; and processed at the Pilot Plant via direct lithium extraction (DLE) to produce an intermediate concentrated lithium solution (DLE eluent).

Century Lithium Reports on Testing with Saltworks & Production of Battery Grade Lithium Carbonate (CNW Group/Century Lithium Corp.)

"It is very positive to see consistency in our high-purity, 99.87%, lithium carbonate product grades from our Pilot Plant this year" stated Bill Willoughby , President, and CEO of Century Lithium. "The highlight though, is the almost five-fold increase in lithium grade in the concentrated lithium solution generated at the Pilot Plant. This was achieved through collaboration with Koch Technology Solutions and their Li-Pro TM system, and its integration into Century Lithium's chloride-based leaching process."

Highlights
  • Repeated production of high-purity (99.87%) battery-grade lithium carbonate
  • Improved lithium concentrations in DLE eluent
  • Reduced volume of solution in downstream treatment and recycling
  • Potential to eliminate evaporation from the post DLE process flowsheet
  • Active testing underway to further improve DLE eluent grade
Lithium Carbonate Assay Results

Saltworks has once again produced battery-grade lithium carbonate (Li 2 CO 3 ) from the DLE eluent produced at the Pilot Plant. The table below is a comparison of Saltworks' 2023 results for Li 2 CO 3 , DLE eluent Batch 2, with the previously reported results from DLE eluent Batch 1 (see May 25 , 2023 news release ). Also shown are the constituent levels for battery grade Li 2 CO 3, as published by two major producers. The assays results were finalized by Saltworks and independently assayed by SGS Canada, Inc. These results show consistency in composition of both the DLE eluent produced by the Pilot Plant earlier in the year and the resulting Li 2 CO 3 product produced by Saltworks, achieving 99.871% content versus 99.875% reported previously.

Li 2 CO 3 Assay Results


Century Li 2 CO 3

Batch 2 (August 2023)

Century Li 2 CO 3

Batch 1 (May 2023)

Reference Grades

Li 2 CO 3

wt%

99.871

99.875

>99.5

H 2 O

wt%

0.05

0.03

0.2 to

Na

wt%

0.027

0.047

0.03 to

Ca

wt%

0.012

0.009

0.01 to

Fe

Wppm

3

3

Al

Wppm

3

Cu

Wppm

3

Ni

Wppm

Zn

Wppm

13

Cl

wt%

0.01

0.008

Notes: wt% (weight percent), wppm (weight parts per million), calculated Li 2 CO 3 purity based on sum of impurities measured
above detection limit. Reference grades are from published specifications from two major producers of battery grade Li 2 CO 3

Lithium in DLE Eluent

As recently reported (see August 9, 2023 news release ), Century Lithium collaborated with Koch Technology Solutions (KTS), a Koch Engineered Solutions' (KES) company, and integrated KTS' Li-Pro TM system into the DLE stage of the Pilot Plant. This work has increased the grades of the DLE eluent (intermediate lithium product solution) several fold. These changes are outlined in the table below, as reported by analyses from Saltworks.

DLE Eluate Assay Results





Batch

1

2

3

4

5

Lithium (Li) (ppm)

1,430

1,610

1,885

3,970

6,780

Sodium (Na) (ppm)

22,400

25,850

24,150

19,100

8,220

Total dissolved solids (TDS) (ppm)

77,450

77,850

82,600

78,300

79,300

Li:TDS

0.018

0.021

0.023

0.051

0.085

Li:Na

0.064

0.062

0.078

0.208

0.825

Notes: DLE eluent for Batch 1 and 2 used to produce Li 2 CO 3 cited above.

Batches 1, 2 and 3 are DLE eluents produced during the first quarter of 2023. Li 2 CO 3 production was carried out to completion in batches 1 and 2 but the processing of Batch 3 was put on hold due to its similarity to batches 1 and 2 and the improvements seen in the grades of batches 4 and 5. These improvements in lithium grade from 1,430 parts per million (ppm) to 6,780 ppm, increase in the ratio of lithium to total dissolved solids (TDS) from 0.018 to 0.085, and reduction in sodium from 25,850 ppm to 8,220 ppm all occurred with the introduction of KTS' Li-Pro TM system into the DLE stage of the Company's Pilot Plant.

Implications for Lithium Carbonate Production

The increase in lithium (Li) grade and the Li:TDS ratio has positive implications for the size and costs of the lithium carbonate production portion of the lithium extraction process at the Project. Within the Saltworks flowsheet, these higher values equate to a lower volume of solution to be treated and a proportionate decrease in the amount of water that must be removed (evaporated) prior to lithium carbonate precipitation. This will also affect the recycled solutions within the lithium carbonate production stage by reducing the volume of solutions moved in this stage and other leaching areas of the processing plant.

The information derived from the Pilot Plant, including the test results from the combination of Century Lithium's DLE process and KTS' Li-Pro TM system, and recent component changes at the Saltworks laboratory, is supplemental to the Feasibility Study for the project. The design basis for the Feasibility Study was established at a Li:TDS ratio of 0.02.

The Saltworks flowsheet targets a lithium grade of 10,000 to 20,000 ppm (10-20 g/L) for precipitation. Work with KTS at the DLE stage at the Pilot Plant has seen preliminary, internally assayed, lithium solution grades of over 8,000 ppm in the DLE eluent. Work is continuing within the DLE area to further increase lithium grades in solution, creating the scope to reduce solution volumes and the potential to eliminate a major evaporation step from the process flowsheet. As a supplement to the Feasibility Study, the Company is pursuing these potential cost and size savings with Saltworks.

Moving Forward

Work on the Feasibility Study continued throughout the six months ended June 30, 2023 , with more than 20,000 consultant hours expended since its commencement. Following receipt of initial values from our consultants, Wood PLC and thyssenkrupp nucera, the Company is conducting internal reviews to assess optimization and cost reduction opportunities; work which is underway. In June 2023 , the Company engaged Kiewit Industrial Group in Lone Tree, Colorado to assist with the review of project designs and estimates with attention to site development, material and supply costs, and construction methods. One optimization opportunity, reducing or eliminating the use of thickeners for tailings separation in the process configuration, was implemented and is under trial at the Pilot Plant.

The Company's collaboration with KTS is underway, utilizing KTS' Li-Pro TM equipment in the DLE section of the Pilot Plant, where lithium is selectively recovered from the leach solution while deleterious elements are rejected. Testing with KTS is expected to continue through the 3 rd quarter while KTS collects information to prepare an engineering design and cost estimate for a full-scale deployment of Li-Pro TM system which will supplement the Company's Feasibility Study.

Qualified Person

Todd Fayram , MMSA-QP and Daniel Kalmbach , CPG, are the qualified persons as defined by National Instrument 43-101 and have approved the technical information in this release.

About Century Lithium Corp.

Century Lithium Corp. (formerly Cypress Development Corp.) is an advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, USA . Century Lithium is currently in the pilot stage of testing on material from its lithium-bearing claystone deposit at its Lithium Extraction Facility in Amargosa Valley, Nevada and progressing towards completing a Feasibility Study and permitting, with the goal of becoming a domestic producer of lithium for the growing electric vehicle and battery storage market.

ON BEHALF OF Century Lithium CORP.
WILLIAM WILLOUGHBY , PhD., PE
President & Chief Executive Officer

centurylithium.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed to be "forward-looking statements". Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as " expects," "estimates," "projects," "anticipates," "believes," "could," "scheduled," and other similar words. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration, and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/century-lithium-reports-on-testing-with-saltworks-and-production-of-battery-grade-lithium-carbonate-301905334.html

SOURCE Century Lithium Corp.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/August2023/21/c3469.html

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Canadian Investment Regulatory Organization Trade Resumption - FT

Canadian Investment Regulatory Organization Trade Resumption - FT

Trading resumes in:

Company: Fortune Minerals Limited

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Fortune Minerals Announces Government of Canada Funding for the NICO Critical Minerals Project

Fortune Minerals Announces Government of Canada Funding for the NICO Critical Minerals Project

Government of Canada funding for additional engineering and test work to build on and complement activities being supported by the U.S. Department of Defense

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (" Fortune " or the " Company ") ( www.fortuneminerals.com ) is pleased to announce that it has secured additional funding from the Government of Canada to help advance the Company's 100%-owned, vertically integrated NICO cobalt-gold-bismuth-copper Critical Minerals asset in Canada (" NICO Project "). The Government of Canada has agreed to provide contribution funding for up to C$7.5 million to support 75% of the costs for additional engineering and test work, totalling approximately C$10 million through the Global Partnerships Initiative (" GPI "). Natural Resources Canada (" NRCan ") is the funding department for the GPI and Fortune will provide additional due-diligence information and complete a Contribution Agreement over the next few weeks. The objectives of the work being funded by NRCan are to build on and complement the programs being supported by the U.S. Department of Defense (" DoD ") through the Company's Defense Production Act (" DPA ") Title III award for US$6,380,555 (~C$8.74 million) (see the news releases also dated May 16, 2024). The total amount of non-dilutive funding that Fortune expects to receive from the U.S. and Canadian governments is approximately C$16.2 million. This important cross-border initiative is aligned with the Canada U.S. Joint Action Plan on Critical Minerals Collaboration to strengthen North American production of the metals needed in essential industries and new technologies to support the energy transition and the growing green economy.

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Fortune Minerals Announces U.S. Government Funding to Accelerate the NICO Critical Minerals Project Development

Fortune Minerals Announces U.S. Government Funding to Accelerate the NICO Critical Minerals Project Development

Expanding domestic production of cobalt for the battery supply chain & energy transition

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (" Fortune " or the " Company ") ( www.fortuneminerals.com ) is pleased to announce that the United States Department of Defense ( "DoD ") has awarded the Company a US$6,380,555 (~C$8.74 million) grant under the Defense Production Act (" DPA ") Title III program to expand the domestic capacity and production of cobalt for the battery and high strength alloy supply chains. This non-dilutive source of capital will allow Fortune to advance the vertically integrated NICO cobalt-gold-bismuth-copper development asset in Canada (" NICO Project ") toward a project construction decision.

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122.5 m at 1.42% Li2O and 71.4 m at 1.57% Li2O at CV5

122.5 m at 1.42% Li2O and 71.4 m at 1.57% Li2O at CV5

May 16, 2025 – Sydney, Australia

Highlights
  • Continued strong lithium mineralization over wide intervals from infill drilling at CV5.
    • 122.5 m at 1.42% Li 2 O , including 35.8 m at 2.15% Li 2 O (CV24-405).
    • 71.4 m at 1.57% Li 2 O , including 14.2 m at 3.15% Li 2 O (CV24-435).
    • 68.7 m at 1.56% Li 2 O and 22.5 m at 1.04% Li 2 O (CV24-414).
    • 74.9 m at 1.28% Li 2 O , including 28.1 m at 2.28% Li 2 O (CV24-423A).
    • 53.0 m at 1.22% Li 2 O , including 25.0 m at 1.65% Li 2 O (CV24-450).
  • The focus of the 2024 winter drilling at CV5 was to support an upgrade in mineral resource confidence, from the inferred category to the indicated category, targeting release in Q3 2024 inclusive of a maiden CV13 resource.
  • Multiple holes remain to be reported targeting the newly discovered high-grade zone at CV13, with the Company to report the assay results as soon as they are received in the coming weeks.
  • 38,887 m (111 holes) remain to be reported from the 2024 winter drill program – 27,611 m (67 holes) at CV5, and 11,276 m (44 holes) at CV13.

Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce the next batch of core assay results for drill holes completed in 2024 at the CV5 Spodumene Pegmatite. The Corvette Property (the "Property" or "Project"), wholly owned by the Company, is located in the Eeyou Istchee James Bay region of Quebec . The CV5 Spodumene Pegmatite, with a maiden mineral resource estimate ("MRE") of 109.2 Mt at 1.42% Li 2 O inferred 1 , is situated approximately 13.5 km south of the regional and all‑weather Trans-Taiga Road and powerline infrastructure.

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Close up of batteries.

How to Invest in Battery Metals (Updated 2024)

As the world begins to shift away from carbon-based energy and toward renewable energy, new investment opportunities are emerging alongside advancements in electric vehicle (EV) battery technology.

In the short term, EV sales are experiencing slow growth as adoption in major markets faces hurdles.

“The pace of growth is slowing, but that’s what’s expected in growing markets like this,” said Rho Motion’s data manager, Charles Lester, in the firm's 2024 EV sales outlook, emphasizing that the change in pace is normal.

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PATRIOT ALBEMARLE MOU CONCLUDED

PATRIOT ALBEMARLE MOU CONCLUDED

May 15, 2024 Sydney, Australia

Patriot Battery Metals logo (CNW Group/Patriot Battery Metals Inc.)

Highlights

  • Both parties have mutually agreed not to extend the MOU, enabling Patriot to explore a broader range of strategic partnerships within the downstream lithium sector.
  • Patriot has and continues to attract significant attention across the industry, reinforcing its position as a pivotal supplier of high-quality raw materials for lithium-ion batteries outside of China .
  • Patriot maintains a constructive ongoing relationship with Albemarle.

Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) announces today that the Memorandum of Understanding ("MOU") 9-month term with Albemarle has concluded and will not be extended. Patriot expects to fully engage with other downstream companies in the Lithium supply chain and as such all the rights granted to Albemarle have expired, including any levels of exclusivity in respect of future mine production and links to downstream chemical conversion facilities.

As the scale and quality of Patriot's Corvette Project has become increasingly evident, the Company has received significant interest from participants in the lithium industry, given the potential for Corvette to be a large and high-quality raw material supplier for the future of lithium-ion battery supply chains ex-China.  Enabling the company to fully engage with other downstream companies has been determined to be in the best interests of shareholders.

Since signing the MOU Albemarle and Patriot have worked together on the many technical aspects of an integrated project, advancing the scope of mine concentrate production and opportunities for a downstream lithium hydroxide plant integrated with the Corvette project. Further, the funding provided by Albemarle's strategic investment enabled a robust work program including installation of critical capital works such as the camp, all-weather access road and the recently completed eleven rig winter drill program.

Ken Brinsden , President and CEO of Patriot, expressed his appreciation for the partnership: "Our collaboration with Albemarle has been extremely valuable. We are proud of the progress we've made and are excited by the intense market interest in the Corvette project. As we move forward, Patriot is eager to expand its operations and explore new partnerships that support the growing demand for lithium raw materials and chemicals in North America and Europe .

We also look forward to continuing our productive relationship with Albemarle in a flexible, non-exclusive format", Mr Brinsden added.

As a result of the MOU conclusion the Investor Rights Agreement ("IRA") between Patriot and Albemarle Corporation dated August 3, 2023 was terminated in accordance with its terms. Following the termination all of the rights granted to Albemarle, including exclusivity, have expired providing Patriot with the flexibility to engage with multiple potential partners and further its strategic goals.

Patriot remains committed to maximizing shareholder value by capitalizing on the strategic opportunities available within the evolving landscape of the global lithium market.

About the CV Lithium Trend

The CV Lithium Trend is an emerging spodumene pegmatite district discovered by the Company in 2017 and is interpreted to span more than 50 kilometres across the Corvette Property. The core area includes the approximate 4.6 km long CV5 Spodumene Pegmatite, which hosts a maiden mineral resource estimate of 109.2 Mt at 1.42% Li 2 O inferred 1 .

To date, eight (8) distinct clusters of lithium pegmatite have been discovered across the Corvette Property – CV4, CV5, CV8, CV9, CV10, CV12, CV13, and the recently discovered CV14. Given the proximity of some pegmatite outcrops to each other, as well as the shallow till cover in the area, it is probable that some of the outcrops may reflect a discontinuous surface exposure of a single, larger pegmatite "outcrop" subsurface.

1 The CV5 mineral resource estimate (109.2 Mt at 1.42% Li 2 O and 160 ppm Ta 2 O 5 inferred) is reported at a cut-off grade of 0.40% Li 2 O with effective date of June 25, 2023 (through drill hole CV23-190) . Mineral resources are not mineral reserves as they do not have demonstrated economic viability. Largest lithium pegmatite resource in the Americas based on contained LCE.

Qualified/Competent Person

The information in this news release that relates to exploration results for the Corvette Property is based on, and fairly represents, information compiled by Mr. Darren L. Smith , M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects , and member in good standing with the Ordre des Géologues du Québec (Geologist Permit number 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr. Smith has reviewed and approved the technical information in this news release.

Mr. Smith is Vice President of Exploration for Patriot Battery Metals Inc. and holds common shares and options in the Company.

Mr. Smith has sufficient experience, which is relevant to the style of mineralization, type of deposit under consideration, and to the activities being undertaken to qualify as a Competent Person as described by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr. Smith consents to the inclusion in this news release of the matters based on his information in the form and context in which it appears.

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 , and proximal to regional road and powerline infrastructure. The Corvette Property hosts the CV5 Spodumene Pegmatite with a maiden mineral resource estimate of 109.2 Mt at 1.42% Li 2 O inferred 1 and ranks as the largest lithium pegmatite resource in the Americas based on contained lithium carbonate equivalent (LCE), and one of the top 10 largest lithium pegmatite resources in the world. Additionally, the Corvette Property hosts multiple other spodumene pegmatite clusters that remain to be drill tested, as well as more than 20 km of prospective trend that remains to be assessed.

1 The CV5 mineral resource estimate (109.2 Mt at 1.42% Li 2 O and 160 ppm Ta 2 O 5 inferred) is reported at a cut-off grade of 0.40% Li 2 O with effective date of June 25, 2023 (through drill hole CV23-190) . Mineral resources are not mineral reserves as they do not have demonstrated economic viability. Largest lithium pegmatite resource in the Americas based on contained LCE.

For further information, please contact us at info@patriotbatterymetals.com or by calling +1 (604) 279-8709, or visit www.patriotbatterymetals.com . Please also refer to the Company's continuous disclosure filings, available under its profile at www.sedarplus.ca and www.asx.com.au , for available exploration data.

This news release has been approved by the Board of Directors.

" KEN BRINSDEN "

Kenneth Brinsden , President, CEO, & Managing Director

Disclaimer for Forward-looking Information

This news release contains "forward-looking information" or "forward-looking statements" within the meaning of applicable securities laws and other statements that are not historical facts. Forward-looking statements are included to provide information about management's current expectations and plans that allows investors and others to have a better understanding of the Company's business plans and financial performance and condition.

All statements, other than statements of historical fact included in this news release, regarding the Company's strategy, future operations, technical assessments, prospects, plans and objectives of management are forward-looking statements that involve risks and uncertainties. Forward-looking statements are typically identified by words such as "plan", "expect", "estimate", "intend", "anticipate", "believe", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking information is based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such information or statements. There can be no assurance that such information or statements will prove to be accurate. Key assumptions upon which the Company's forward-looking information is based include that proposed exploration and mineral resource estimate work on the Corvette Property will continue as expected, and that exploration and development results continue to support management's current plans for Corvette Property development

Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Forward-looking statements are also subject to risks and uncertainties facing the Company's business, any of which could have a material adverse effect on the Company's business, financial condition, results of operations and growth prospects. Some of the risks the Company faces and the uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others, the ability to execute on plans relating to the Company's Corvette Project, including the timing thereof. In addition, readers are directed to carefully review the detailed risk discussion in the Company's most recent Annual Information Form filed on SEDAR+, which discussion is incorporated by reference in this news release, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations.

Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, these risks are not exhaustive; however, they should be considered carefully. If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated in the forward-looking statements found herein. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, readers should not place undue reliance on forward-looking statements.

Forward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Company's business plans, financial performance and condition and may not be appropriate for other purposes.

The forward-looking statements contained herein are made only as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.

Competent Person Statement (ASX Listing Rule 5.22)

The mineral resource estimate in this release was reported by the Company in accordance with ASX Listing Rule 5.8 on July 31, 2023 . The Company confirms it is not aware of any new information or data that materially affects the information included in the announcement and that all material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the competent person's findings are presented have not been materially modified from the original market announcement.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/patriot-albemarle-mou-concluded-302145739.html

SOURCE Patriot Battery Metals Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/15/c1336.html

News Provided by Canada Newswire via QuoteMedia

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