Patriot Battery Metals Inc. Reports Successful Annual General Meeting
Vancouver, BC, September 17, 2024 – Patriot Battery Metals Inc. (the “Company” or “Patriot”) (PMET, PMT, PMETF) (FSE: R9GA) is pleased to announce the successful results of its Annual General Shareholder Meeting held on Tuesday, September 17, 2024, in Montreal, Quebec, Canada. All matters submitted to shareholders for approval, as outlined in the Company’s Notice of Annual General Meeting of Shareholders and Information Circular dated August 5, 2024, were approved by the required majority vote.
A total of 49,735,927 common shares were voted at the Meeting, representing approximately 35.237% of the total issued and outstanding common shares of the Company as of the record date.
Key Resolutions Approved
The Meeting saw the approval of several key resolutions, including:
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Election of Directors:
Pierre Boivin, Brian Jennings, Ken Brinsden, David Blair Way, and Mélissa Desrochers were all elected to the Board of Directors.*
Appointment of Auditor:
The shareholders approved the appointment of the Company’s auditor.*
Ratification of Previous Share Issuances:
The shareholders ratified previous share issuances related to flow-through financing, acquisitions, and other corporate activities.*
Approval of FY24 Options and DSUs:
The Meeting approved the issuance of options and Deferred Share Units (DSUs) to certain directors for the fiscal year 2024.*
Approval of FY25 DSUs and Incentive Plans:
The shareholders approved the issuance of DSUs to non-executive directors for the fiscal year 2025, as well as the implementation of salary sacrifice DSUs and stock option plans for certain directors.About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a prominent player in the hard-rock lithium exploration sector. The company focuses on advancing its 100%-owned, district-scale Shaakichiuwaanaan Property (formerly known as Corvette), strategically located in the Eeyou Istchee James Bay region of Quebec, Canada.
This property is accessible year-round by all-season road and benefits from proximity to regional powerline infrastructure. The Shaakichiuwaanaan Mineral Resource, encompassing the CV5 & CV13 spodumene pegmatites, stands as the largest lithium pegmatite resource in the Americas and the eighth largest globally.
Robust Mineral Resource Estimate
The Shaakichiuwaanaan Mineral Resource Estimate, reported on August 21, 2024, totals 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. This remarkable resource demonstrates Patriot’s significant potential in the rapidly growing lithium market.
Continued Exploration Efforts
Beyond the CV5 & CV13 pegmatites, the Shaakichiuwaanaan Property features multiple other spodumene pegmatite clusters waiting to be drill-tested. The company continues to explore and assess prospective areas within the property, further solidifying its position as a leading lithium exploration company.
For more information, please visit the Company’s website at www.patriotbatterymetals.com or contact info@patriotbatterymetals.com.
