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Patriot Lithium Ltd. ( (AU:PAT) ) has issued an announcement.
Patriot Lithium Ltd. has announced the acquisition of a 100% interest in the Tassa Silver and Gold Deposit in Peru, enhancing its portfolio with a high-grade silver and gold resource. The acquisition involves an initial consideration of 20 million shares and $500,000, with further payments contingent on resource milestones. The Tassa deposit, confirmed through a drilling program, shows promising results with significant silver and gold mineralization. This acquisition is expected to strengthen Patriot’s position in the mining industry, complementing its existing lithium and copper projects in Canada and Zambia, and potentially increasing its appeal to stakeholders.
More about Patriot Lithium Ltd.
Patriot Lithium Ltd. is a company involved in the mining industry, focusing on battery minerals. Its primary products include lithium, copper, silver, and gold. The company has a significant market focus on developing high-grade mineral deposits, with projects in Canada, Zambia, and Peru, aiming to position itself as a key player in the battery minerals sector.
Average Trading Volume: 426,517
Technical Sentiment Signal: Buy
Current Market Cap: A$7.92M
For a thorough assessment of PAT stock, go to TipRanks’ Stock Analysis page.