Patriot Battery Metals Inc. (TSX: PMET) has solidified its position as a rising star in the lithium exploration sector by clinching the prestigious “Entrepreneur of the Year” award from the Quebec Mineral Exploration Association (QMEA). The accolade, announced at the 2024 QMEA Awards Gala in Montreal on October 30, recognizes the company’s remarkable progress over the past year, particularly at its flagship Shaakichiuwaanaan Project.
Patriot Battery Metals has made remarkable progress in advancing the Shaakichiuwaanaan Project, formerly known as Corvette. The company’s key achievements over the past year include the construction of a 20.2 km all-season access road, significantly reducing helicopter dependency and improving year-round accessibility. Additionally, Patriot established an 88-person exploration camp, enhancing on-site capabilities and operational efficiency. In August, the company released an updated Mineral Resource Estimate, providing a more comprehensive understanding of the project’s potential. Furthermore, Patriot completed a Preliminary Economic Assessment (PEA), which confirmed the project’s potential as a future North American lithium powerhouse, targeting to become the fourth-largest hard rock lithium mine globally with an estimated 24-year mine life
The PEA, delivered in August 2024, underscored the project’s potential to become the fourth-largest hard rock lithium mine globally, with an estimated 24-year mine life[1].
The company’s success is not just measured in technical achievements. Patriot Battery Metals has fostered strong relationships with local communities, as evidenced by the presence of Cree community members and the Ratt family at the awards ceremony. Paul Ratt, Tallyman to Trapline CH-39 where the Shaakichiuwaanaan Project is located, joined the Patriot team on stage to accept the award[1].
The Shaakichiuwaanaan Property boasts impressive mineral resources:
– 80.1 Mt at 1.44% Li2O Indicated
– 62.5 Mt at 1.31% Li2O Inferred
These figures position the project as the largest lithium pegmatite resource in the Americas and the 8th largest globally.
With the Feasibility Study underway and ongoing environmental baseline data collection, Patriot Battery Metals is poised for continued growth. The company has expanded its team with professionals across various disciplines, including geology, engineering, ESG, and finance.
Ken Brinsden, President, CEO, and Director of Patriot Battery Metals, expressed pride in the company’s recognition, stating, “We are enormously proud that Patriot has been recognised as Entrepreneur of the Year by the QMEA, reflecting the exceptional hard work of the Patriot Battery Metals team over the past year in progressing exploration programs and development studies at our flagship Shaakichiuwaanaan Project.”
As the demand for lithium continues to surge in the face of growing electric vehicle adoption and renewable energy storage needs, Patriot Battery Metals’ Shaakichiuwaanaan Project is well-positioned to play a crucial role in the North American lithium supply chain. The Entrepreneur of the Year award serves as a testament to the company’s innovative approach and strategic execution in the competitive lithium exploration landscape.
The technical data presented regarding the Shaakichiuwaanaan Property has been compiled and verified by Mr. Darren L. Smith, M.Sc., P.Geo. Mr. Smith is recognized as a Qualified Person under National Instrument 43-101 and holds active memberships with the Ordre des Géologues du Québec and the Association of Professional Engineers and Geoscientists of Alberta.
