SYDNEY and VANCOUVER, BC, Sept. 6,
2023 /CNW/ - Patriot Battery Metals Inc. (the
"Company" or "Patriot") (TSXV: PMET) | (ASX: PMT) | (OTCQX:
PMETF) | (FSE: R9GA) is pleased to announce that common shares
of the Company (ASX: PMT) have been selected for inclusion in the
Standard & Poors ("S&P")/ASX 300 Index by the S&P Dow
Jones effective prior to ASX market opening on September 18, 2023.
Blair Way, Company President
and CEO, comments, "We are very pleased that Patriot has
been selected for inclusion in the S&P/ASX 300 Index. Over a
short timeframe, the team has advanced our Corvette Property into a
world-class lithium deposit that is still growing. Inclusion in
this index recognizes our increased market capitalization and
trading liquidity prompted by our growth and the development of our
flagship Corvette hard rock spodumene lithium deposit located in
the Eeyou Istchee James Bay region of Quebec. This inclusion to the S&P/ASX 300
Index places Patriot among the 300 largest securities traded on the
ASX. It should also help increase our trading liquidity through
incremental demand for our shares in Australia from institutional investors and
fund managers who track the composition of the Index and benchmark
their performance against it."
The S&P/ASX 300 is designed to provide investors with
broader exposure to the Australian equity market. The index
measures 300 of Australia's
largest highly liquid securities listed on the ASX by
float-adjusted market capitalization. The S&P/ASX 300 index
covers the large-cap, mid-cap, and small-cap components of the
S&P/ASX Index Series. This index is designed to provide
investors with broad exposure to the Australian equity market while
allowing them to benchmark against a wide selection of
opportunities based on specific size and liquidity parameters.
Currently, Patriot's shares are included in two North American
indices, the MVIS Global Rare Earth/Strategic Metals Index and the
S&P/TSX Battery Metals Index on the Toronto Stock Exchange. The
inclusion in these indices led to increased ownership by
institutional investors in North
America, and the Company anticipates that its inclusion in
the S&P/ASX 300 index may result in increased institutional
ownership in Australia as
well.
About Patriot Battery Metals Inc.
Patriot Battery
Metals Inc. is a hard-rock lithium exploration company focused on
advancing its district-scale 100% owned Corvette Property located
in the Eeyou Istchee James Bay region of Quebec, Canada, and proximal to regional road
and powerline infrastructure. The Corvette Property hosts the CV5
Spodumene Pegmatite with a maiden inferred mineral resource
estimate of 109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 (at a
cut-off of 0.40% Li2O) and ranks as the largest lithium pegmatite
resource in the Americas, and one of the top 10 largest lithium
pegmatite resources in the world. Additionally, the Corvette
Property hosts multiple other spodumene pegmatite clusters that
remain to be drill tested, as well as more than 20 km of
prospective trend that remain to be assessed.
This news release has been approved by the Board of
Directors,
"BLAIR WAY"
Blair Way, President, CEO, &
Director
Disclaimer for Forward-Looking Information
This news release contains "forward-looking information" or
"forward-looking statements" within the meaning of applicable
securities laws and other statements that are not historical facts.
Forward-looking statements are included to provide information
about management's current expectations and plans that allows
investors and others to have a better understanding of the
Company's business plans and financial performance and
condition.
All statements, other than statements of historical fact
included in this news release, regarding the Company's strategy,
future operations, financial position, prospects, plans and
objectives of management are forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
typically identified by words such as "plan", "expect", "estimate",
"intend", "anticipate", "believe", or variations of such words and
phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. In particular and without limitation, this news release
contains forward-looking statements pertaining to the drilling
program.
Forward-looking information is based upon certain assumptions
and other important factors that, if untrue, could cause the actual
results, performance or achievements of the Company to be
materially different from future results, performance or
achievements expressed or implied by such information or
statements. There can be no assurance that such information or
statements will prove to be accurate. Key assumptions upon which
the Company's forward-looking information is based include the
total funding required to complete the Company's Corvette
Lithium Project, including the drilling
program.
Readers are cautioned that the foregoing list is not
exhaustive of all factors and assumptions which may have been used.
Forward-looking statements are also subject to risks and
uncertainties facing the Company's business, any of which could
have a material adverse effect on the Company's business, financial
condition, results of operations and growth prospects. Some of the
risks the Company faces and the uncertainties that could cause
actual results to differ materially from those expressed in the
forward-looking statements include, among others, the ability to
execute on plans relating to the Company's Corvette Lithium
Project, including the timing thereof. In addition, readers are
directed to carefully review the detailed risk discussion in the
Company's most recent Annual Information Form filed on SEDAR+,
which discussion is incorporated by reference in this news release,
for a fuller understanding of the risks and uncertainties that
affect the Company's business and operations.
Although the Company believes its expectations are based upon
reasonable assumptions and has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that forward-looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such information. As such,
these risks are not exhaustive; however, they should be considered
carefully. If any of these risks or uncertainties materialize,
actual results may vary materially from those anticipated in the
forward-looking statements found herein. Due to the risks,
uncertainties and assumptions inherent in forward-looking
statements, readers should not place undue reliance on
forward-looking statements.
The mineral resource estimate in this release was reported by
the Company in accordance with ASX Listing Rule 5.8 on July 31, 2023. The Company confirms it is not
aware of any new information or data that materially affects the
information included in the previous announcements and that all
material assumptions and technical parameters underpinning the
estimates in the previous announcements continue to apply and have
not materially changed.
Forward-looking statements contained herein are presented for
the purpose of assisting investors in understanding the Company's
business plans, financial performance and condition and may not be
appropriate for other purposes.
The Company disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except to the extent
required by applicable law. The Company qualifies all of its
forward-looking statements by these cautionary statements.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/patriot-announces-inclusion-in-the-spasx-300-index-301920018.html
SOURCE Patriot Battery Metals Inc