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The latest update is out from Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh ( (AU:PMT) ).
Patriot Battery Metals Inc has secured a strategic investment of approximately C$69 million from Volkswagen Group, acquiring 9.9% equity for 12.5% of production over ten years, with potential for future funding. This move enhances the company’s position in the lithium market, supported by a large-scale lithium pegmatite resource with significant exploration potential and a PEA indicating a 24-year life of mine with a C$2.9 billion NPV and a 34% after-tax return. The company’s experienced management team is targeting the completion of a feasibility study on lithium at CV5 by Q3 2025, further solidifying its industry positioning.
The most recent analyst rating on (AU:PMT) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh stock, see the AU:PMT Stock Forecast page.
More about Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh
Patriot Battery Metals Inc is an emerging developer in the lithium industry, focusing on integrating low-cost lithium into the European and North American supply chains. The company boasts the largest hard rock lithium deposit in the Americas, located in the James Bay region of Quebec, Canada, and has a strategic partnership with Volkswagen.
Average Trading Volume: 2,604,803
Technical Sentiment Signal: Buy
Current Market Cap: A$674.8M
Find detailed analytics on PMT stock on TipRanks’ Stock Analysis page.