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Patriot Battery Metals awarded Entrepreneur of the Year by the Quebec Mineral Exploration Association
PMTPennyMac Mortgage Investment Trust(PMT) Prnewswire·2024-11-01 13:00

Core Points - Patriot Battery Metals Inc. has been awarded "Entrepreneur of the Year" by the Quebec Mineral Exploration Association for significant progress at its flagship Shaakichiuwaanaan Project [1][2] - The award was presented at the 2024 QMEA Awards Gala held in Montreal on October 30, 2024 [1][2] Project Development - The Shaakichiuwaanaan Project has seen advancements including the construction of a 20.2 km all-season access road, reducing reliance on helicopters [4] - An 88-person exploration camp was established, and an updated Mineral Resource Estimate was released in August 2024 [4] - The Preliminary Economic Assessment (PEA) confirmed the project's potential to become the fourth-largest hard rock lithium mine globally, with an estimated mine life of 24 years [5] Feasibility and Environmental Studies - The company has initiated a Feasibility Study and is collecting environmental baseline data for the Environmental and Social Impact Assessment [6] - The team has expanded to include professionals in various fields such as geology, engineering, ESG, and finance [6] Resource Estimates - The Shaakichiuwaanaan Mineral Resource includes 80.1 million tonnes at 1.44% Li2O indicated and 62.5 million tonnes at 1.31% Li2O inferred, making it the largest lithium pegmatite resource in the Americas and the eighth largest in the world [10][11]