VANCOUVER, British Columbia, Sep 30, 2021 (GLOBE NEWSWIRE) – Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: RGDCF) (FSE: R9GA) wishes to make the following statements regarding recent market activity in relation to its Common Shares (the “Common Shares”) traded on the OTCQB market.
On September 27, 2021, the Company was informed by OTC Markets of several promotional materials which provided a general overview of the Company and the lithium mining industry, recent press releases regarding its drilling operations and encouraging investors to buy. or to exchange the ordinary shares of the Company. The Company believes that the promotion may have had some impact on market activity, but that a recent increase in share price and trading activity is mainly due to Company news published on September 16 and 23, 2021 regarding its drilling program.
Promotional material presents an overview of the Company which appears largely based on information retrieved from the Company’s website, public documents or previous press releases. It contains speculative language and forward-looking statements about investment potential, but the Company does not believe it contains any materially false or misleading statements about the Company. The Company engaged JWC Marketing Awareness Group Inc. (“JWC”) on August 15, 2021 for corporate marketing and investor awareness purposes. The Company acknowledges that it exercised editorial control over some of the promotional materials mentioned above, but not all of them, and that some of the promotional materials were directly purchased or paid for by the Company, while it does not recognize others, however, the Company acknowledges that he may have indirectly contributed to the creation and distribution of this material due to his engagement with JWC.
To the best of the Company’s knowledge, except as mentioned above, neither management, officers, directors or controlling shareholders, nor any third party service provider has been, directly or indirectly, involved in any way. or (including payment to a third party) with the creation, distribution or payment of promotional material related to the Company and its security.
As of September 30, 2020, the Company has engaged the following third party vendors for investor relations, public relations, marketing or other related services: Stockhouse Publishing Ltd., Resource Stock Digest, JWC Market Awareness Group Inc., Flathead Business Solutions, LLC (dba Tamarack Advisors).
At the request of management, directors, control persons and third party service providers, during the last 90 days, none of these persons bought or sold the securities of the Company.
The Company has made the following private placements at prices constituting a discount from the market prices then in effect at the time of issue: July 17, 2020, 8,040,000 common shares at a price of $ 0.075 per share; August 26, 2020, 3,000,000 at $ 0.12 per share; and on June 30, 2021, 23,182,000 common shares at a price of $ 0.16 per share.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a mining exploration company focused on the acquisition and development of mining projects containing batteries, base metals and precious metals.
The Company’s flagship assets are the wholly owned Corvette property and the FCI property (held under the option of O3 Mining Inc.) located in the James Bay region of Quebec, and the 100% owned Freeman Creek gold property, located in Idaho, United States.
The Corvette-FCI property consists of the wholly owned Corvette claim block and the FCI East and West claim blocks held under the O3 Mining Inc. option.The claim blocks are contiguous and contain significant gold potential -silver-copper-PGE-lithium revealed by the Golden Gap prospect with grab samples of 3.1 to 108.9 g / t Au outcrop and 10.5 g / t Au over 7 m in drilling, the prospects Elsass and Lorraine with 8.15% Cu, 1.33 g / t Au and 171 g / t Ag in outcrop, and the Prospect CV1 Pegmatite with 2.28% Li2O over 6 m in channel.
The 100% owned Freeman Creek gold property contains two major advanced targets – the Gold Dyke prospect with a 2020 drill hole intersection of 4.11 g / t Au and 33.0 g / t Ag over 12 m, and the Carmen Creek prospect with surface sample results including 25.5 g / t Au, 159 g / t Ag and 9.75% Cu.
In addition, the Company owns the Pontax Lithium-Gold, QC property; the Golden Silica property in British Columbia; and the Hidden Lake Lithium property in the Northwest Territories, where the Company has a 40% interest, as well as several other assets in Canada.
For more information, please contact us at [email protected] Tel. : +1 (778) 945-2950, or visit www.patriotbatterymetals.com.
On behalf of the Board of Directors,
Blair Way, President and Director
Adrian Lamoureux, CEO and Director
Forward-looking information disclaimer
Statements included in this announcement, including statements regarding our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as “forward-looking statements”. Forward-looking statements may be identified by words such as “anticipates”, “believes”, “intends”, “believes”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including, but not limited to, those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties which could cause actual results to differ. substantially from those indicated in forward-looking statements..
The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.