#Canada #Patriot Battery Metals #Quebec #lithium pegmatite #Shaakichiuwaan Lithium

Significant Mineral Resource Upgrade at Shaakichiuwaanaan Lithium Project

Patriot Battery Metals Inc. has announced a substantial upgrade to the mineral resource estimate (MRE) for its Shaakichiuwaanaan Lithium Project located in Quebec, reinforcing its position as a critical player in the lithium market. The updated MRE reveals impressive growth, confirming that the project encompasses the largest indicated lithium pegmatite mineral resource in the Americas and ranks as the eighth largest globally.

Upgrade Highlights

As of May 12, 2025, the consolidated MRE estimates an Indicated resource of 108.0 million tonnes at 1.40% Li2O and Inferred resource of 33.3 million tonnes at 1.33% Li2O in the CV5 and CV13 spodumene pegmatites. This marks an approximate increase of 30% in Indicated resources at CV5 and a staggering 306% increase at CV13 compared to figures reported in August 2024.

Growth Potential

The mineral resource upgrade has also identified considerable resource growth potential, as both the CV5 and CV13 pegmatites remain open in multiple directions, suggesting further exploration could yield even more lithium. Additionally, high-grade tantalum and gallium have been found at the site, with tantalum projected to become a significant by-product in future operations.

Feasibility Study and Development Timeline

The company is on track to complete a maiden Ore Reserve and a feasibility study for the CV5 pegmatite by the third quarter of 2025, which is expected to outline a production scenario that could potentially produce up to 800,000 tonnes per annum of spodumene concentrate using a Dense Media Separation (DMS) process flow sheet.

Resource Confidence and Community Engagement

Darren L. Smith, the Executive Vice President of Exploration for Patriot Battery Metals, emphasized the project's robust nature, stating that the updated MRE represents a significant increase in resource confidence. This is a crucial derisking milestone as the project progresses toward feasibility.

Moreover, the company is actively engaging with local communities to ensure that development plans align with community needs and environmental considerations. They are currently advancing environmental assessments for the project area, which should support sustainable practices in mining activities.

Conclusion

The Shaakichiuwaanaan Lithium Project's latest resource estimate affirms its importance in the North American lithium landscape. The ongoing work not only enhances the project's resource profile but also positions it to make a substantial contribution toward meeting the increasing demand for lithium in battery production and electric vehicles. As the company moves forward, it is set to become a major provider of lithium to the North American and European markets, underlined by its strategic partnerships and strong management. By further integrating community and environmental considerations into its operations, Patriot Battery Metals is poised to set a standard in responsible lithium production.

For More Information

For further details about the Shaakichiuwaanaan Lithium Project and upcoming developments, you can visit Patriot Battery Metals' official website or refer to their continuous disclosure filings.

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