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Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh ( (AU:PMT) ) has shared an announcement.
PMET Resources Inc., a critical minerals explorer and developer, is focused on its district-scale, 100%-owned Shaakichiuwaanaan lithium pegmatite project in Quebec’s Eeyou Istchee James Bay region, backed by a positive lithium-only feasibility study on the CV5 pegmatite and what it describes as the largest lithium pegmatite resource in the Americas, alongside significant tantalum and caesium potential. The company has issued 89,125 new common shares at $4.03 per share to its largest strategic investor, Volkswagen Finance Luxemburg S.A., raising about $359,000 for general corporate purposes, following recent share issuances tied to the Pikwa acquisition; the Toronto Stock Exchange has conditionally approved the issuance, reinforcing Volkswagen’s strategic stake and providing incremental funding as PMET advances development of its flagship lithium project.
The most recent analyst rating on (AU:PMT) stock is a Buy with a A$0.65 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
PMET Resources Inc. is a pegmatite-focused critical mineral exploration and development company advancing its 100%-owned Shaakichiuwaanaan Property in Quebec’s Eeyou Istchee James Bay region. The project, accessible year-round and close to hydro-power infrastructure, is being developed primarily as a high-grade lithium operation, supported by a positive lithium-only feasibility study for the CV5 pegmatite and a maiden probable mineral reserve of 84.3 Mt at 1.26% Li2O. With a consolidated mineral resource of 108.0 Mt indicated and 33.4 Mt inferred in lithium-bearing pegmatites, plus what is described as the world’s largest pollucite-hosted caesium resource, PMET positions Shaakichiuwaanaan as a potential North American critical minerals hub for lithium, tantalum and caesium.
Average Trading Volume: 2,883,201
Technical Sentiment Signal: Buy
Current Market Cap: A$806M
See more data about PMT stock on TipRanks’ Stock Analysis page.