News Articles for Patriot Battery Metals

Bulls N' Bears Big Hits looks at notable drilling intercepts recently reported to the ASX by Caprice Resources, Stavely Minerals and Patriot Battery Metals. Caprice's Island gold project south of Cue in WA's Mid West region revealed an 11-metre hit assaying 17.3g/t gold, including 9m at 21g/t gold from 170m. Other interesting drill hits were reported at Stavely's Fairview prospects in Victoria and Patriot made a big caesium discovery in Quebec, Canada.

Lithium linchpin Ken Brinsden says Patriot Battery Metals' Canadian asset could be “as good as Greenbushes”, as he suggests the bottom of the market has been found.

This edition of Bulls N' Bears Big Hits singles out an exceptional recent hit. Patriot Battery Metals' latest caesium discovery in Quebec, Canada, includes a best hit of 5m at 13.2% caesium oxide, while another hole produced a top grade in 1.1m at 26.61% caesium oxide.

Volkswagen will spend $77 million to acquire a stake in Ken Brinsden-steered Patriot Battery Metals and become the Canadian lithium aspirant's first customer.

Patriot Battery Metals has unveiled its billion-dollar plan to turn its Canadian hard rock lithium deposit into a major mining operation targeting 800,000 tonnes per annum.

WA Mines Minister David Michael has ruled out royalty relief for lithium producers in the immediate term, but insists he is listening to the concerns and needs of industry.

Lithium linchpin Ken Brinsden says he would introduce the equivalent of the wheat desk for critical minerals to aid the flailing industry.

Patriot Battery Metals has announced it will raise $C75 million, or $A82.4 million, by way of a fully subscribed charity flow-through offer.

Patriot Battery Metals has ducked into a trading halt pending a capital raise understood to be in the order of $44 million.

In this week's edition of Bulls N' Bears Big Hits, we unravel some of the most curious drill intersections revealed on the ASX, including Warriedar Resources' stunning gold hit of 4m at 14.49g/t. We also take a close look at other notable drill hits in the past week from Ora Gold, Australian Gold and Copper, Dateline Resources and Patriot Battery Metals.

Lithium Universe is positioning itself to fill what it believes will be a 700,000-tonne per year lithium carbonate gap in the mammoth North American electric vehicle market by establishing its own refinery in Canada. With experts and analysts all around the world predicting a vibrant third wave for the lithium market, the company's plan is to sit at the centre of the cyclone.

Patriot Battery Metals chairman Ken Brinsden has been named chief executive and moved to Canada to develop the miner's lithium asset, drawing on his track record with Pilbara Minerals.

Lithium Universe says a study into its lithium carbonate refinery at its burgeoning Québec processing hub suggests it should produce a final lithium carbonate product grading between 99.5 and 99.9 per cent. The refinery is rated to 16,000 tonnes per annum, with an assumed feed grade of 5.5 per cent lithium oxide. Hatch has completed the study and a construction site has been selected.

Lithium Universe is stepping closer to launching a definitive feasibility study on its Apollo project in Canada after expediting the engineering design for its 1-million-tonne per year lithium processing hub's stand-alone concentrator. The plant is designed for an assumed feed grade of 1.1 per cent lithium oxide, with the output expected to be about 140,000 tonnes per annum of spodumene concentrate grading 5.5 per cent.

ASX-listed Lithium Universe has decided on the perfect location for its 16,000-tonne per annum lithium carbonate refinery to service its Eastern Canadian lithium processing hub after assessing more than 20 prospective sites. The company appointed heavyweight engineering firm, Hatch, to undertake a comprehensive study for the design and location of the refinery in the Canadian State of Quebec.

Galan Lithium and ASX-listed joint venture partner Redstone Resources have snatched up a pair of exclusive projects in two of Canada's premier lithium provinces – a 5400-hectare patch in the rapidly-emerging James Bay region that is home to Patriot Battery Metals' gigantic Corvette deposit, and a 1400ha lot in Ontario's evolving “Electric Avenue”, which houses Frontier Metals' massive PAK lithium discovery.

Lithium Universe is on the ground at its Apollo project in Canada's James Bay, armed with a helicopter and a swag of targets generated by artificial intelligence – less than a month after re-listing on the ASX. The company has used a combination of satellite imagery, geophysics and fieldwork ahead of testing a regional faulted greenstone belt running through Apollo to Winsome Resources' Adina project.

Lithium Universe's promise to “build a lithium project in Canada as quick as we can” has been boosted by the appointment of experienced industry identity Patrick Scallan as non-executive director. Mr Scallan brings to the table his experience of running the massive lithium hard-rock mine at Greenbushes for 25 years, taking its annual output from 200,000 tonnes in 1997 up to 1.4 million tonnes.

From the sometimes dark and dingy bedroom corners that play home to online gaming, to the searingly bright lights of one of the world's hottest commodities, Lithium Universe has orchestrated a remarkable ASX transformation. Lithium Universe confirmed last Friday it had raised its maximum subscription of $4.5 million at a share price of 2 cents each, announcing itself a new lithium industry player.

Lithium success story Pilbara Minerals has been named 2023 Digger of the Year, as Allkem's $16 billion merger takes the Dealer guernsey and resources executive Neil Warburton wins the GJ Stokes award.

Patriot Battery Metals chair and lithium linchpin Ken Brinsden says Patriot Battery Metals made the deliberate move to offer Albemarle a 'small' stake in the Canada-focused explorer.

Albemarle's $120 million investment in Ken Brinsden-chaired explorer Patriot Battery Metals comes 24 hours after the explorer spruiked a maiden mineral resource.

Patriot Battery Metals says it has sought legal advice in response to a recent short-selling report taking aim at the company's Corvette lithium project in Quebec.

Shares in Ken Brinsden-chaired lithium aspirant Patriot Battery Metals are locked in a trading halt as the company pulls together a response to a critical short-selling report and deal speculation.

Internationally recognised lithium expert Joe Lowry expects the price of battery quality lithium carbonate to continue its upward trajectory into 2027 before hitting highs of US$97,000 per tonne as the supply and demand curve starts to invert. Speaking at this year's Lithium Update by the Experts at Perth's Hyatt Hotel, Lowry dubbed lithium the “irreplaceable element” in the new energy transition and says the balance of power in the industry has switched from China to Australia and South America.