VANCOUVER, BC, May 1, 2025 /PRNewswire/ – May 2, 2025 – Sydney, Australia
Highlights
Figure 1: Environmental data collection at Shaakichiuwaanaan. (CNW Group/Patriot Battery Metals Inc.)
Permitting of the Shaakichiuwaanaan Project is on schedule and progressing well.
The Company has formally commenced the Federal permitting process for the Project, with the submission of its Initial Project Description to the Impact Assessment Agency of Canada (IAAC).
The IAAC and Cree Nation Government have confirmed that the submitted documentation meets the necessary requirements, allowing the Federal permitting process to formally commence.
This process will run in parallel with the Provincial permitting process already underway, to align the submission of the Provincial and Federal Environmental and Social Impact Assessments (“ESIA”) for late 2025.
The ESIA submissions will be supported by over three years of robust environmental base line data collection and extensive community consultations.
Alix Drapack – Executive Vice President ESG to retire from executive duties and act as an advisor to the Company on the project’s further development.
Ken Brinsden, Patriot CEO and President, comments: “We are really proud of the teams’ efforts to ensure both that the Project remains on track, but also that the quality and extensive work contributing to our upcoming ESIA submissions suits the community’s and regulator’s needs. It can’t be underestimated how much work has already been achieved by Patriot to ensure Shaakichiuwaanaan is well-placed in the global lithium raw material development pipeline. From discovery and establishing a globally significant resource, to moving the Project to the upcoming mine authorization process in less than 4 years, demonstrates both the quality in the Project and team delivering it.
We also note with interest recent comments in the public domain in respect of federal approvals, minimizing duplication and greater provincial approval cooperation. We intend to maintain close-contact with all the key Government agencies and the Cree, to ensure a diligent and timely approval process for the Project,” added Mr. Brinsden.
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to provide a progress update on the permitting process of the Company’s wholly owned Shaakichiuwaanaan Property (the “Property” or “Project”), located in the Eeyou Istchee James Bay region of Quebec. The Shaakichiuwaanaan Property hosts a consolidated Mineral Resource Estimate1 (“MRE”) of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. The CV5 Spodumene Pegmatite, which forms the bulk of the MRE, is accessible year-round by all-season road and is situated approximately 14 km from a major hydroelectric powerline corridor. The CV13 Pegmatite is located