OUR NEW PROFILE IS: RGDCF
(CSE: PMET) (FSE: R9GA)
READ THE ENTIRE INVESTOR PRESENTATION HERE: PATRIOT BATTERY
RECENT DEVELOPMENTS COULD PUT THIS COMPANY IN A STRONG POSITION MOVING FORWARD
Patriot Battery Metals Announces Mobilization of Drill Rig to the Corvette-FCI Property, James Bay Region, Quebec, Canada
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Hello Everyone,
We have a new profile for Monday’s session that we wanted to bring to your attention.
This is a company that we have never profiled before and recent developments have made this company favorable for new interest.
Turn your attention to RGDCF immediately.
This is a company that trades in the U.S., Canada & the U.K.
Back in June the company went through a 1:3 reverse split, substantially reducing the shares out there in the market by 66%.
This is an incredible incentive for new investors to take a look at this one.
Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral projects containing battery, base and precious metals. The Company’s flagship assets are the wholly owned Corvette Property and the FCI Property (held under Option from O3 Mining Inc.) located in the James Bay Region of Québec, and the Freeman Creek Gold Property, located in Idaho, USA.
Battery technology has been a frequent flyer in our national headlines with the cult like popularity of Elon Musk and Tesla. Players like him have made minerals necessary for the production of batteries popular among investors. Musk has signal handedly brought massive international attention to the necessity of battery metals to keep up our way of life moving forward and to produce new technologies and innovations. Batteries have come such a long way in the past 20 years. Think back to what the first cell phones looked like.
In the past month we have been hearing a lot about China and their eagerness to get into Afghanistan and potentially exploit battery producing elements located in the rough terrains inside the country, once again bringing attention to the need for America to develop more resources to explore and mine these essential elements. At this point we cannot function as a society without these elements. As a whole we are dependent on them and the demand will only continue to grow.
INVESTMENT HIGHLIGHTS
- Excellent capital structure with a low market cap
- Exposure to battery metals and precious metals
- Highly prospective early-stage exploration projects
- Seasoned management team with extensive project development and exploration experience in multiple jurisdictions
- Portfolio of high-quality properties in secure jurisdictions – Quebec, Idaho, BC, and NWT
- In USA and Canada, exploration is considered essential services so our projects can be safely advanced while accommodating COVID restrictions
- Mobilization of Drill Rig to the Corvette-FCI Property, James Bay Region, Quebec, Canada just announced
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Take a look at the chart. You will see that there hasn’t been any real significant activity in this one since the recent reverse split back in June. This one has been inching up on light interest and thus far has yet to see any real resistance.
Patriot Battery Metals Announces Mobilization of Drill Rig to the Corvette-FCI Property, James Bay Region, Quebec, Canada
The drill program of 15 to 20 drill holes for a total of approximately 2,000 m of NQ size coring
VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE:PMET) (OTCQB:RGDCF) (FSE:R9GA) is pleased to announce it has mobilized the drill rig to commence the inaugural drill program at the Company’s Corvette-FCI Property (the “Property”), located in the James Bay Region of Quebec. (announced Aug 24, 2021). The program is focused on the CV5-6 Spodumene Pegmatites, part of the more than 25 km long CV Lithium Trend, as well as the core area of the more than 10 km long Maven Copper-Gold-Silver Trend.
This drill program marks the first drill testing to date along these two highly prospective trends as well as the first drill program by the Company on the Property to date. This drill program will be comprised of 15 to 20 drill holes for a total of approximately 2,000 m of NQ size coring. Approximately 1/3rd of the drill meterage is expected to target the CV Lithium Trend and the remaining 2/3rd focused on the Maven Cu-Au-Ag Trend. The Company has engaged Forage Fusion Drilling Ltd. of Hawkesbury, ON, to carry out the diamond drilling with the program being managed by Dahrouge Geological Consulting Ltd. of Edmonton, AB.
Blair Way, Company President and Director, comments: “With the drill rig mobilization, we are hitting our next milestone to advance the Property and gain a deeper understanding of these two important lithium and copper trends. This work also takes us one step closer to gaining 50% ownership of the FCI claim groups under the Option Agreement with O3 Mining Inc.”
The Maven-Cu-Au-Ag Trend hosts numerous mineralized showings and prospects over a more than 10 km long corridor across the Property. Surface sample assay highlights (and corresponding showing/prospect) include: 3.63% Cu, 0.64 g/t Au, and 52.3 g/t Ag (Elsass); 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag (Lorraine); 3.28% Cu, 0.78 g/t Au, and 30.1 g/t Ag (Hund); 3.36% Cu, 0.82 g/t Au, 38.4 g/t Ag (Tyrone-T9) and 1.75% Cu, 1.47 g/t Au, and 40.5 g/t Ag (Lac Smokycat-SO). The Company recently completed an IP-resistivity geophysical survey over the core area of the Maven Trend as a final exploration tool to refine initial drill hole targets. A final reporting and interpretation of this data is anticipated shortly.The dominant rock type along the Maven Trend is amphibolite with a chalcopyrite – quartz ± pyrrhotite accessory mineral assemblage. The chalcopyrite is often associated with quartz and is present as disseminations within quartz veins, or as semi-massive veinlets. The Maven Trend has never been drill tested.
The CV Lithium Trend is an emerging spodumene pegmatite district discovered by the Company in 2017 and spans the FCI West, FCI East, and Corvette claim blocks. The core area includes an approximate 2 km long corridor of numerous spodumene pegmatite occurrences, highlighted by the CV5 Pegmatite – a large (~220 m long and 20-40 m wide), well-mineralized outcrop where eight samples collected average 3.00% Li2O and 154 ppm Ta2O5, including a peak assay of 4.06% Li2O and 564 ppm Ta2O5. The high number of well-mineralized pegmatites in this core area of the trend indicates a strong potential for a series of relatively closely spaced/stacked, sub-parallel, and sizable spodumene-bearing pegmatite bodies, with significant lateral and depth extent, to be present. The CV Lithium Trend, including the CV5 pegmatite, has never been drill tested.
Upon completion of the planned 2021 work programs, the Company expects to have earned a 50% interest in the FCI East and West claim blocks from O3 Mining Inc., having exceeded the minimum $2.25M in exploration expenditures. Under the terms of the Option Agreement, the Company may acquire an additional 25% interest in the FCI East and West claim blocks, for a collective 75% interest, by funding the next $2M in exploration expenditures.
The Company notes that it has developed a COVID Management Plan for the program and will carry out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec.
Qualified Person
Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration for the Company and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
Patriot Battery Metals Announces Completion of Phase I Surface Prospecting and Geophysical Surveying at the Corvette-FCI Property, Quebec, Canada
VANCOUVER, BC / ACCESSWIRE / September 13, 2021 / Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE:PMET)(OTCQB:RGDCF)(FSE:R9GA) is pleased to announce it has completed the first Phase of its surface exploration program, including prospecting and a geophysical survey at the Company’s Corvette-FCI Property (the “Property”), located in the James Bay Region of Quebec.
Blair Way, Company President and Director, comments: “We are marching forward on our programs at Corvette-FCI and getting the work done. The surface sampling and geophysical survey has provided valuable information to assist our targeting for the drill program commencing this month. It is exciting to be able to provide shareholders with these updates on our progress in the field. As assay results are received and interpretations completed, we will provide more details on our Corvette-FCI property.”
The primary objective of the surface prospecting and rock sampling was to follow-up on the Elsass and Lorraine prospects discovered in 2019 along the Maven Cu-Au-Ag Trend, where surface sampling returned 3.63% Cu, 0.64 g/t Au, & 52.3 g/t Ag (Elsass) and 8.15% Cu, 1.33 g/t Au, & 171 g/t Ag (Lorraine). Additionally, the field crew explored the CV Lithium Trend where numerous occurrences of high-grade spodumene pegmatite have been discovered in previous programs. The CV8 (4.44% Li2O and 205 ppm Ta2O5), CV9 (4.72% Li2O) and CV10 (1.33% Li2O and 255 ppm Ta2O5) spodumene pegmatites, situated on the FCI West claim block, were discovered while prospecting for new gold occurrences in 2019.
A total of 98 surface rock samples were collected and have been submitted for geochemical analysis to Activation Laboratories in Ancaster, ON. The surface work was successful in further prioritizing and ranking drill targets along both the Maven Copper-Gold-Silver Trend and the CV lithium Trend. In addition, rock type descriptions and modal mineralogy suggest several new areas of copper and lithium mineralization have been discovered, as well as several existing showings expanded.
The Company has also completed the induced polarization and resistivity (IP-Resistivity) geophysical survey across the Maven Cu-Au-Ag Trend. IP-resistivity is a geophysical tool commonly used in gold and base metals exploration and is often effective at qualifying drill targets, initially developed from surface mapping and sampling. Dynamic Discovery Geoscience Ltd., an expert geophysical group based in Ottawa, ON, is now assisting in the interpretation of this data.
The Company intends to complete a follow-up Phase II surface prospecting program this fall once the geophysical survey data, Phase I rock sample analytical data, and the KorrAI remote sensing data have been integrated and analyzed. The integrated dataset will serve as a final layer to qualify and rank drill hole targets as well as outline new targets areas to be ground truthed.
The Company notes that it has developed a COVID Management Plan for the program and will carry out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec.
Qualified Person
Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration for the Company and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
PROPERTIES
The Company’s primary asset is the Corvette-FCI Property which hosts numerous occurrences of copper, lithium, and high-grade gold. In addition, the Company holds several other properties that are prospective for lithium, copper, gold, and high purity silica.
- Corvette (100%) and FCI (Option to earn 75% from O3 Mining)
- Staged earn-in – $2.25M in exploration over 3 years for 50%, plus next $2M of JV for additional 25%
- Multiple prospective exploration trends identified
- Maven Copper-Gold-Silver Trend – more than 10 km
- Lithium Trend – more than 25 km
- Gold Trend – more than 20 km
The Company also owns the Freeman Creek Gold Property, located approximately 15 km northeast of Salmon, Idaho and hosts excellent access via paved highway and a network of gravel roads and trails. The Property is situated proximal to the northeast trending Trans-Challis Fault system, which demarcates the approximate boundaries of a large metallogenic (Au, Ag) province, and hosts two major mineral prospects; Gold Dyke and Carmen Creek.
The Freeman Creek Property consists of 106 claims totalling approximately 862.4 hectares (2,131 acres) and covers primarily BLM Lands, within mining friendly Lemhi County, Idaho, USA. The Property is located approximately 15 km northeast of Salmon, Idaho, and is accessible via paved highway and a network of gravel roads and trails.
The region is host to the northeast trending Trans-Challis Fault System, which demarcates the approximate boundaries of a large metallogenic (Au-Ag) province. The region boasts a long history of both hard-rock and placer gold mining with several notable discoveries including Revival Gold’s Beartrack-Arnett Project, Freeman Gold’s Lemhi Gold Project, and Ophir Gold’s Breccia Gold Project. The mineralized setting at Freeman Creek is interpreted to be associated with a high sulfidation gold system, which generally form a vertical continuum from a shallow epithermal setting downward to porphyry Cu/Au deposits
The Freeman Creek Property hosts two major mineral prospects; the Gold Dyke Prospect, with an historical drill intercept of 1.5 g/t Au and 12.1 g/t Ag over 44.2 mand surface sample results including 10.9 g/t Au, 80.1 g/t Ag, and 0.72% Cu; and the Carmen Creek Prospect, with surface sampling results including 5.5 g/t Au, 159 g/t Ag and 9.75% Cu; and 7.08 g/t Au, 59.5 g/t Ag and 1.53% Cu.
Additional assets held by the Company include the wholly owned Corvette Property, and the FCI Property (held under Option from O3 Mining Inc.) located in the James Bay Region of Quebec. The properties are contiguous and host significant gold-silver-copper-PGE-lithium potential highlighted by the Golden Gap Prospect with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole, the Elsass and Lorraine prospects with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop, and the CV1 and CV5-6 pegmatite prospects with 2.28% Li2O over 6 m in channel and 4.06% Li2O and 564 ppm Ta2O5 in grab sample, respectively, outlining a core lithium trend in excess of two kilometres.
In addition, the Company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other mineral properties in Canada.
NEWS
MANAGEMENT
ADRIAN LAMOUREUX
CEO & Director
Mr. Lamoureux has worked in the venture capital markets for the past 8 years, specializing in the design and implementation of market strategies and corporate development. Mr. Lamoureux has particular expertise in the mineral exploration and development sector. During his time working in the venture capital markets, Mr. Lamoureux has financed a number of successful private and public companies.
BLAIR WAY
B.Sc., MBA
President & Director
Mr. Way is an experienced international executive with over 30 years management experience within the resources and construction industry throughout Australasia, Canada, the United States and Europe. Mr Way has experience in a wide range of commodities including gold, copper, nickel, zinc, magnesium, graphite, cobalt and lithium.
Mr Way was most recently CEO, President and Director of TSXV listed Leading Edge Materials for over 5 years restarting the Swedish Woxna brownfield graphite operation in mid 2014. Prior to Leading Edge Mr Way was CEO of Strike Graphite and CEO of Aguila American Gold. Prior to that he was VP Project Development for TSX listed Ventana Gold with projects in Colombia. Prior to Ventana he was Project Director and President for Oceanagold Philippines. He was Project Manager Non Ferrous Group with Hatch Associates (Brisbane) where he provided project management support for various mining and metal related projects in Australia, South Africa, China, Papua New Guinea and South East Asia. Prior to that Mr Way was Project Director – Major Projects for BHP Billiton (QNI Pty Ltd) in Townsville, Queensland.
Mr. Way holds a Bachelor of Science (Geology) from Acadia University in Nova Scotia, Canada, a MBA from the University of Queensland, Australia, and is a Fellow of the Australasian Institute of Mining and Metallurgy.
DARREN L. SMITH
M.Sc., P.Geo.
With more than 15 years experience in the industry, Mr. Smith specializes in high-level project management including program design and implementation, technical reporting, land management, community engagement, and corporate disclosure. He has provided technical oversight for PEA, PFS, and FS level projects as well as complex metallurgical programs.
Mr. Smith’s experience includes carbonatite complexes & associated metals (Ta, Nb, Sc, REEs), lithium, cobalt, graphite, phosphate, fluorspar, uranium, as well as base & precious metals. In 2009, Darren & his team discovered one of the world’s largest REE deposits (Ashram) and has been instrumental in its development since this time.
DUSAN BERKA
P.Eng.
Mr. Berka, M.Sc., P. Eng. has 50 years of international business experience in North America and Europe, with extensive experience in the corporate governance, financing, marketing and administration of public companies, in addition to corporate communication, public relations and contract negotiations. Mr. Berka has served as a Director and Officer of various listed issuers traded on the TSX, TSX Venture Exchange, CSE and NASDAQ. Mr. Berka is a graduate engineer with a M.Sc. (Dipl. Ing.) degree from Slovak Technical University, Bratislava, Slovakia (1968) and has been a member of the Engineers and Geoscientists of British Columbia since 1977.
PAUL CHUNG
B.Sc., MBA
Mr. Chung holds a Bachelor of Science Degree in Geology from the University of British Columbia and received a Masters of Business Administration in IT from Athabasca University.
Mr. Chung is experienced in project management and possesses extensive skills in bringing companies to the public markets and negotiating international transactions. As a director for numerous companies, Mr. Chung conducted operations throughout North and South America as well as China and is experienced in coordinating asset acquisition, financings, and marketing for multi-location international businesses.
As a geologist, Mr. Chung helped research and identified a suite of lithium projects including the Mariana brine in Argentina, the Avalonia project in Ireland and the Mavis Lake lithium/rare metals project in Ontario. These projects are now the core projects for International Lithium Corp and their strategic partner Jiangxi Ganfeng Lithium Co Ltd. of China.
TODD HANAS
Mr. Todd Hanas is a marketing and communications/sales specialist with 24 years’ experience in all aspects of business communications, corporate Identity, corporate finance and investor relations/ consulting for both private and public companies. He has proven resource, oil and gas E & P expertise with significant experience and success in start-up, early-stage junior resource companies. Mr. Hanas is currently President & CEO of Bluesky Corporate Communications Ltd.
KELLY PLADSON
Kelly Pladson has provided corporate governance and regulatory compliance services to many TSX Venture and CSE listed companies since 2009. She works closely with the company’s CEO and legal counsel in maintaining corporate records, managing the day to day operations of the company and ensuring the company’s filings with the securities commissions and exchanges are accurately filed and in accordance with their deadlines. Prior to 2009, Ms. Pladson was an investment advisor’s assistant for two years.
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Sincerely,