- Patriot Battery Metals Inc. (TSXV:PMET) has increased its land position at its Eastmain Project through the acquisition of two claim blocks
- The Vancouver-based mineral explorer acquired a 100 per cent interest in the blocks for C$500,000 in cash and 120,000 common shares
- The new claim blocks total 73 claims at 38.5 square km. and are located immediately adjacent to the James Bay Lithium Project under Alkem Ltd.
- Patriot Battery Metals Inc. opened trading at C$10.30 per share
Patriot Battery Metals Inc. (TSXV:PMET) has increased its land position at its Eastmain Project through the acquisition of two claim blocks.
The Vancouver-based mineral explorer acquired a 100 per cent interest in the blocks, which are part of the Eeyou Istchee James Bay region of Québec, for C$500,000 in cash and 120,000 common shares.
The new claim blocks total 73 claims at 38.5 square kilometres and are immediately adjacent to the James Bay Lithium Project under Alkem Ltd., and on strike of the James Bay lithium deposit, within the prospective Eastmain Greenstone Belt.
“These claims are a very complementary addition to our Eastmain Project and the other non-core lithium properties the company holds,” the company’s president and CEO, Blair Way, said in a news release. “As we continue to be focused on aggressive advancement of our Corvette Project, we are also evaluating opportunities and approaches for unlocking the value these non-core assets hold for our shareholders.”
Collectively, the Eastmain Project now consists of four blocks totalling 86 claims in 45.3 square kilometres, part of the company’s non-core lithium asset portfolio that includes the Pontax (100 per cent ownership), Lac du Beryl (100 per cent ownership), and Hidden Lake (40 per cent ownership) properties.
Patriot Battery Metals Inc. opened trading at C$10.30 per share.
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