Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh (AU:PMT) has released an update.
Patriot Battery Metals Inc. has announced the completion of a Preliminary Economic Assessment (PEA) for its Shaakichiuwaanaan Project, suggesting significant potential as a North American lithium raw materials supplier. The PEA, which is still conceptual and requires further study, forecasts the possibility of Patriot becoming the 4th largest global spodumene concentrate producer. Despite promising projected values, including a pre-tax net present value of $4.7 billion and an after-tax value of $2.9 billion, the company cautions investors that the PEA is preliminary and subject to funding and exploration uncertainties.
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