VANCOUVER, British Columbia and SYDNEY, Australia, March 05, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce the results of voting at its Annual General Meeting held on Friday, March 3, 2023 at 4pm (Eastern Time) from Toronto, Canada.
All matters submitted to shareholders for approval as set out in the Company’s Notice of Annual General Meeting and Information Circular, dated February 2, 2023, were approved by the requisite majority of votes cast at the meeting.
As required under ASX Listing Rule 3.13.2, we advise details of resolutions and the proxies as set out at Appendix 1.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral properties containing battery, base, and precious metals.
The Company’s flagship asset is the 100% owned Corvette Property, located proximal to the Trans-Taiga Road and powerline infrastructural corridor in the James Bay Region of Québec. The land package hosts significant lithium potential highlighted by the 2.6 km long CV5 spodumene pegmatite with drill intercepts of 156.9 m at 2.12% Li2O, including 25.0 m at 5.04% Li2O or 5.0 m at 6.36% Li2O (CV22-083), 159.7 m at 1.65% Li2O (CV22-042), 131.2 m at 1.96% Li2O (CV22-100), and 52.2 m at 3.34% Li2O, including 15.0 m at 5.10% Li2O (CV22-093). Additionally, the Property hosts the Golden Gap Trend with grab samples of 3.1 to 108.9 g/t Au from outcrop and 7 m at 10.5 g/t Au in drill hole, and the Maven Trend with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop.
The Company also holds 100% ownership of the Freeman Creek Gold Property in Idaho, USA which hosts two prospective gold prospects - the Gold Dyke Prospect with a 2020 drill hole intersection of 12 m at 4.11 g/t Au and 33.0 g/t Ag, and the Carmen Creek Prospect with surface sample results including 25.5 g/t Au, 159 g/t Ag, and 9.75% Cu.
The Company’s other assets include the Pontax Lithium-Gold Property, QC; and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.
For further information, please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: +1 (604) 279-8709, or visit www.patriotbatterymetals.com. Please also refer to the Company’s continuous disclosure filings, available under its profile at www.sedar.com and www.asx.com.au, for available exploration data.
This news release has been approved by the Board of Directors,
“BLAIR WAY”
Blair Way, President, CEO, & Director
Competent person statement (ASX Listing Rule 5.22)
The information in this news release which relates to previously announced exploration results for the Corvette Property were first released by the Company in its prospectus for its ASX listing dated November 9, 2022 and released to the ASX platform on December 5, 2022 (Prospectus) and in ASX announcements released on January 19, 2023 and January 30, 2023. The Company confirms it is not aware of any new information or data that materially affects the exploration results included in the Prospectus or the relevant ASX announcements.
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, including but not limited to references to a proposed mineral resource estimate and prefeasibility study, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the results of further exploration and testing, and other risks detailed from time to time in the filings made by the Company with securities regulators, available at www.sedar.com. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
No securities regulatory authority or stock exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.
Appendix 1: The following information is provided in accordance with ASX Listing Rule 3.13.2 and shows the number of proxy votes received prior to the meeting. The Company notes that no additional votes were cast directly in the meeting.
| Resolution | Resolution Result | Number of votes cast in Meeting | Instructions given to validly appointed proxies | |||||
| For | Against | Withheld/Abstain | For | Against | Withheld/Abstain | Discretion | ||
| 1. To set the number of Directors at five (5) | Pass | 7,884,830 99.92% | 6,526 0.08% | - | 7,884,830 99.92% | 6,526 0.08% | - | - |
| 2a Election of Director - D Blair Way | Pass | 7,887,980 99.96% | - | 3,376 0.04% | 7,887,980 99.96% | - | 3,376 0.04% | - |
| 2b Election of Director - Dusan Berka | Pass | 4,097,992 51.93% | - | 3,793,364 48.07% | 4,097,992 51.93% | - | 3,793,364 48.07% | - |
| 2c Election of Director - Melissa Desrochers | Pass | 7,885,045 99.92% | - | 6,311 0.08% | 7,885,045 99.92% | - | 6,311 0.08% | - |
| 2d Election of Director - Brian Jennings | Pass | 7,885,088 99.92% | - | 6,268 0.08% | 7,885,088 99.92% | - | 6,268 0.08% | - |
| 2e Election of Director - Kenneth Brinsden | Pass | 7,886,923 99.94% | - | 4,433 0.06% | 7,886,923 99.94% | - | 4,433 0.06% | - |
| 3. Appointment of Auditor | Pass | 7,860,422 99.61% | - | 30,934 0.39% | 7,860,422 99.61% | - | 30,934 0.39% | - |
| 4. Approval of Omnibus Equity Incentive Compensation Plan1 | Pass | 7,682,988 97.36% | 206,308 2.61% | 2,060 0.03% | 7,682,988 97.36% | 206,308 2.61% | 2,060 0.03% | |
1 Resolution 4 was voted via a ballot/poll however no additional votes were cast directly in the meeting.
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| Market Cap: | US$247.780M |
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