VANCOUVER, BC, Sept. 19,
2023 /CNW/ - September
20, 2023 – Sydney,
Australia
Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSXV:
PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce
the results of voting at its Annual General and Special Shareholder
Meeting held on Wednesday, September 19,
2023, at 4pm (Eastern Time) in
Montreal, Quebec, Canada (the
"Meeting").
All matters submitted to shareholders for approval as set out in
the Company's Notice of Annual General and Special Meeting of
Shareholders and Information Circular, dated August 11, 2023, were approved by the requisite
majority of votes cast at the Meeting.
A total of 50,076,171 common shares were voted at the
Meeting, representing approximately 45.05% of the total
issued and outstanding common shares of the Company as of the
record date of 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.
A report with the final results on all matters voted on at the
Meeting will also be filed on SEDAR+ under Patriot's profile at
www.sedarplus.ca.
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 estimate1 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.
|
1
Mineral resources are not minerals reserves as they do not have
demonstrated economic viability. The effective date of the mineral
resource estimate is June 25, 2023 (through drill hole CV23‑190)
and base case cut-off grade 0.40% Li2O.
|
This news release has been approved by the Board of Directors,
"BLAIR WAY"
Blair Way, President, CEO, &
Director
No securities regulatory authority or stock exchange has
reviewed nor accepts responsibility for the adequacy or accuracy of
the content of this news release.
Competent Person Statement (ASX
Listing Rule 5.22)
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.
|
Resolution
|
Resolution
Result
|
Number of votes cast
in Meeting
|
Instructions given
to validly appointed proxies
|
|
For
|
Against
|
Withheld/Abstain
|
For
|
Against
|
Withheld/Abstain
|
Discretion
|
|
1a Election of Director
-
Kenneth
Brinsden
|
Pass
|
45,643,883
98.913%
|
N/A
|
501,413
1.087%
|
45,643,883
98.913%
|
N/A
|
501,413
1.087%
|
--
|
|
1b Election of Director
-
D. Blair
Way
|
Pass
|
44,663,123
96.788%
|
N/A
|
1,482,173
3.212%
|
44,663,123
96.788%
|
N/A
|
1,482,173
3.212%
|
--
|
|
1c Election of Director
-
Brian Jennings
|
Pass
|
40,403,804
87.558%
|
N/A
|
5,741,491
12.442%
|
40,403,804
87.558%
|
N/A
|
5,741,491
12.442%
|
--
|
|
1d Election of Director
-
Mélissa
Desrochers
|
Pass
|
45,007,149
97.534%
|
N/A
|
1,138,147
2.466%
|
45,007,149
97.534%
|
N/A
|
1,138,147
2.466%
|
--
|
|
1e Election of Director
-
Pierre
Boivin
|
Pass
|
45,001,275
97.521%
|
N/A
|
1,144,021
2.479%
|
45,001,275
97.521%
|
N/A
|
1,144,021
2.479%
|
--
|
|
2. Appointment of
Auditor
|
Pass
|
49,740,048
99.329%
|
N/A
|
336,123
0.671%
|
49,740,048
99.329%
|
N/A
|
336,123
0.671%
|
--
|
|
3. Approval of the
Company's Amended
Omnibus Equity Incentive
Plan
|
Pass
|
35,812,285
77.616%
|
10,324,213
22.376%
|
3,796
0.008%
|
35,812,285
77.616%
|
10,324,213
22.376%
|
3,796
0.008%
|
--
|
|
4. Approval of the
Company's Amended
Omnibus Equity Incentive
Plan (Majority of
Minority)
|
Pass
|
34,393,983
76.906%
|
10,324,213
23.085%
|
3,796
0.008%
|
34,393,983
76.906%
|
10,324,213
23.085%
|
3,796
0.008%
|
--
|
|
5. Ratification
of previous
Allotment and Issuance of
Shares under the Flow-
Through Financing
Placement
|
Pass
|
43,251,043
98.709%
|
563,089
1.285%
|
2,775
0.006%
|
43,251,043
98.709%
|
563,089
1.285%
|
2,775
0.006%
|
--
|
|
5. Ratification
of previous
Allotment and Issuance of
Shares under the Flow-
Through Financing
Placement (Majority of
Minority)
|
Pass
|
37,650,413
98.519%
|
563,089
1.473%
|
2,775
0.007%
|
37,650,413
98.519%
|
563,089
1.473%
|
2,775
0.007%
|
--
|
|
6. Ratification of
previous
Allotment and Issuance of
Shares under the Strategic
Placement
|
Pass
|
42,099,964
91.233%
|
4,042,686
8.761%
|
2,646
0.006%
|
42,099,964
91.233%
|
4,042,686
8.761%
|
2,646
0.006%
|
--
|
|
6. Ratification
of previous
Allotment and Issuance of
Shares under the Strategic
Placement (Majority of
Minority)
|
Pass
|
34,971,623
89.632%
|
4,042,686
10.361%
|
2,646
0.007%
|
34,971,623
89.632%
|
4,042,686
10.361%
|
2,646
0.007%
|
--
|
|
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.
|
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SOURCE Patriot Battery Metals Inc