Patriot Battery Metals Inc. Announces Change of Auditor
VANCOUVER, March 10, 2024 - Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQB: PMETF) (FSE: R9GA) announces that it has changed its auditor from Manning Elliott LLP (the "Former Auditor") to PricewaterhouseCoopers LLP (the "Successor Auditor") effective February 26, 2024. At the request of the Company, the Former Auditor resigned as the auditor of the Company effective February 26, 2024, and the Board of Directors of the Company appointed the Successor Auditor as the Company's auditor effective February 26, 2024, until the next Annual General Meeting of the Company.
There were no modifications of opinion in the Former Auditor's reports in connection with the two most recently completed fiscal years ended March 31, 2023 and 2022 and there are no reportable events between Patriot Battery Metals Inc. and the Former Auditor as defined in National Instrument 51-102 - Continuous Disclosure Obligations (NI 51-102). The resignation of the Former Auditor as auditor of the Company has been approved by the Company's Audit Committee and its Board of Directors.
In accordance with NI 51-102, the notice of change of auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the Board of Directors of the Company and filed on SEDAR+.
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 mineral resource estimate of 109.2 Mt at 1.42% Li2O inferred¹ and ranks as the largest lithium pegmatite resource in the Americas based on contained lithium carbonate equivalent ("LCE"), 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.
¹The CV5 mineral resource estimate (109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred) is reported at a cut-off grade of 0.40% Li2O with effective date of June 25, 2023 (through drill hole CV23-190). Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
For further information, please contact us at info@patriotbatterymetals.com or by calling +1 (604) 279-8709, or visit www.patriotbatterymetals.com. Please also refer to the Company's continuous disclosure filings, available under its profile at www.sedarplus.ca and www.asx.com.au, for available exploration data.
SOURCE Patriot Battery Metals Inc.
On Behalf of the Board of Directors,
"Ken Brinsden"
Ken Brinsden - President, CEO & Managing Director
Contact
Brad Seward, Vice president, Investor Relations, T: +61 400 199 471, E: bseward@patriotbatterymetals.com; Olivier Caza-Lapointe, Head, Investor Relations - North America, T: +1 (514) 913-5264, E: ocazalapointe@patriotbatterymetals.com