PAT - Patriot Lithium

[System]

Patriot Lithium was incorporated on the 28th of January 2021 with the specific goal of acquiring, exploring, developing and mining high grade hard rock lithium projects in North America, with an initial focus on the Black Hills region, South Dakota and Wyoming, and the Pegmatite Belt region, Arizona.

Following a systematic and technically driven prospectivity review of lithium projects in the United States (US), these two regions were selected as a high priority to achieve the Company's goals, and the Company’s projects were subsequently acquired.

On admission to the ASX, the Company, via its wholly owned subsidiary New Energy Metals (US) Inc., will hold a 100% interest in each of the following projects:

(a) the Keystone Project, which encompasses 255 unpatented lode mining claims in South Dakota;
(b) the Tinton West Project, which includes 69 lode mining claims in South Dakota and Wyoming; and
(c) the Wickenburg Project, which encompasses 347 unpatented lode mining claims in Arizona.

It is anticipated that PAT will list on the ASX during December 2022.

Building a Battery Metals Company - Patriot Lithium

Building a Battery Metals Company Patriot Lithium aims to systematically explore for high-grade copper, gold and lithium projects. Corporate Presentation Latest Announcements Premium Locations A diversified portfolio of lithium and copper projects selected for their outstanding geological and...

www.patriot-lithium.com

 

[Dona Ferentes]

Listing date	05 December 2022 12:00 PM AEDT ##
Company contact details	https://www.patriot-lithium.com/ Ph: + 61 8 9322 7600
Principal Activities	Mining exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	PAT
Capital to be Raised	$10,000,000
Expected offer close date	03 November 2022
Underwriter	Not underwritten. CPS Capital Group Pty Ltd (Lead Manager)

 

[Dona Ferentes]

So, why is PAT listing on the ASX?

It's an easy pathway, familiar to those behind the company. And there are benefits

Access to develop any mine and production through the US Loans Program Office under the Advanced Technology Vehicles Manufacturing Direct Loan Program. Loans Program Office financing is at the same rate as US Treasury bonds, or about 4 per cent.

Under Biden’s Inflation Reduction Act, approved developments will also be entitled to generous tax credits (benefits of the legislation can flow to ASX listed lithium miners.)

The IRA is designed to encourage the mining of the raw materials, and the processing of the ore into chemicals that can be used in batteries that are then used in the manufacture of electric vehicles made in the US, and includes a subsidy for EV purchases.

The IRA mandates two sourcing requirements to receive the clean vehicle credit system starting in 2023. These are: 40 per cent of battery minerals must be sourced from the US or a country with a free trade agreement with the US; and 50 per cent of battery components made in the US, Mexico or Canada.

Also, the IRA disqualifies vehicles from the generous concessions if they are imported or built with battery materials sourced from “foreign countries of concern”, which means China and Russia.

 

[Faramir]

I am picking PAT for Jan 2025 stock tipping competition. At this time of the year, it is too much effort for me to tell what PAT does and anything else about it.

The word lithium use to do wonders to the stock price a few years ago. It didn’t that much in 2024. Maybe 2025 will be different.

 

[Dona Ferentes]

It didn’t that much in 2024. Maybe 2025 will be different.

yeah, right

16 Dec ..PAT negotiated a binding heads of agreement with Newlight Nominees Zambia Limited to acquire an 80% joint venture interest in the Kitumba Copper Large Scale Exploration Licence 27715, located north west of Mumbwa, Central Province, Zambia.

Kitumba 27715 covers 255km2. It sits within the heart of Zambia’s first copper district. The district has been known for its copper potential for hundreds of years (Cikin and Drysdall, 1971; Robertson, 2013). The northern portion Kitumba 27715 licence is less than 2kms south of Zambia’s first commercial copper mines at Sable Antelope and Hippo. These date back to 1897 and mark the beginning of commercial copper mining in Zambia

17 Dec..

HIGH GRADE ASSAYS FROM KATWARO OPEN PIT - ZAMBIA​

... recently completed open pit channel sampling program, has resulted in the delineation of high grade copper results.
_______________________________________
- First assays from reconnaissance pit sampling, confirms high grade copper and gold.
- Best channel sample assay returned 4.45% Cu and 2.59g/t Au over 2.0m width.
- Entire south eastern channel averaged 1.16% Cu and 0.68g/t Au over 14.0m including 4.45% Cu and 2.59g/t Au over 2.0m.
- Geological surface mapping completed over the license area.
- Reconnaissance work proves the project has strong potential to unlock a significant copper/gold deposit for the Company.
- Several NW-SE trending quartz-carbonate metasiltstone zones identified during mapping which also conforms to the regional geological trend.
- Further exploration, including a first pass drill program, is planned for 2025
.
and today ... no news !!

.
and a player in the competition
.... at 3pm today

2.

Faramir

PAT

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