Patriot Battery Metals Appoints Former Pilbara Managing Director and CEO Ken Brinsden as Non-Executive Chairman and Director
23 Agosto 2022 - 7:00AM
Patriot Battery Metals Inc. (the “Company” or “Patriot”)
(TSX-V: PMET) (OTCQB: PMETF) (FSE: R9GA) is very pleased
to announce that it has appointed highly experienced mining
executive and former Managing Director and CEO of Pilbara Minerals
Limited, Ken Brinsden, as Non-Executive Chairman and director,
effective August 22, 2022.
Mr. Brinsden is a Mining Engineer with
approximately 30 years’ experience in surface and underground
mining operations. Mr. Brinsden graduated from the Western
Australian School of Mines in 1993. He previously worked for WMC
Resources, Normandy, Central Norseman Gold Corporation, GoldFields,
Iluka Resources, Atlas Iron and Pilbara Minerals in various
production, development, Executive and Board roles. Mr. Brinsden is
a member of the LME’s Lithium Committee.
Mr. Brinsden joined Pilbara Minerals as Chief
Executive Officer in January 2016 and was appointed Managing
Director and CEO in May 2016. He led the rapid development of
Pilbara Minerals through corporate development, financing, project
execution and ongoing production at Pilgangoora such that it has
become one of the leading lithium development projects globally and
facilitated Pilbara’s entry into the ASX 100. Pilbara Minerals is
now an AUD$8B company producing and selling in excess of 580k tons
of spodumene concentrate annually, with a developing pipeline of
vertically integrated production growth options.
Blair Way CEO, President and Director, comments:
“Ken’s experience in building and operating one of the world’s
largest hardrock lithium projects is immensely relevant to what
lays ahead for Patriot Battery Metals and we could not be more
pleased for Ken to join the Company. Ken has taken Pilbara from
grass-roots exploration to a global production/industry leader in
just 6 years. His intimate knowledge of the Lithium sector is
second to none and is directly relevant to the Corvette property. I
look forward to working with Ken and learning from his vast
experience in the sector.”
Ken Brinsden, Non-Executive Chairman and
Director, comments: “There is so much to like about the Corvette
property, with work to-date demonstrating both local and regional
potential for a large-scale project ideally placed within the
emerging Nth American lithium raw materials supply chain. I look
forward to working with the Board, Blair and his management team to
deliver on that potential.”
The Company has granted to Mr. Brinsden
1,000,000 stock options exercisable at CAD $7.00 and 1,000,000
stock options exercisable at CAD $9.20, vesting immediately with a
4 year term. The stock options are granted and governed in
accordance with the Company’s Stock Option Plan.
About Patriot Battery Metals
Inc.
Patriot Battery Metals Inc. is a mineral
exploration company focused on the acquisition and development of
mineral properties containing battery, base, and precious
metals.
The Company’s flagship asset is the 100% owned
Corvette Property, located proximal to the Trans-Taiga Road and
powerline infrastructural corridor in the James Bay Region of
Québec. The land package hosts significant lithium potential
highlighted by the CV5-1 spodumene pegmatite corridor with drill
intercepts of 1.22% Li2O and 138 ppm Ta2O5 over 152.8 m (CV22-030),
and 2.22% Li2O and 147 ppm Ta2O5 over 70.1 m, including 3.01% Li2O
and 160 ppm Ta2O5 over 40.7 m (CV22-017). Additionally, the
Property hosts the Golden Gap Trend with grab samples of 3.1 to
108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole,
and the Maven Trend with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in
outcrop.
The Company also holds 100% ownership of the
Freeman Creek Gold Property in Idaho, USA which hosts two
prospective gold prospects - 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.
The Company’s other assets include the Pontax
Lithium-Gold Property, QC; and the Hidden Lake Lithium Property,
NWT, where the Company maintains a 40% interest, as well as several
other assets in Canada.
For further information, please contact us at
info@patriotbatterymetals.com Tel: +1 (604) 279-8709 , or visit
www.patriotbatterymetals.com.
On Behalf of the Board of Directors,
“BLAIR WAY”
Blair Way, President, CEO, & Director
Disclaimer for Forward-Looking
Information
This news release contains forward-looking
statements and other statements that are not historical facts.
Forward-looking statements are often identified by terms such as
“will”, “may”, “should”, “anticipate”, “expects” and similar
expressions. All statements other than statements of historical
fact, included in this news release are forward-looking statements
that involve risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from the Company’s expectations include the
results of further exploration and testing, and other risks
detailed from time to time in the filings made by the Company with
securities regulators, available at www.sedar.com. The reader is
cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from
those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the
control of the Company. The reader is cautioned not to place undue
reliance on any forward-looking information. Such information,
although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may
differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement. The forward-looking statements
contained in this news release are made as of the date of this news
release and the Company will update or revise publicly any of the
included forward-looking statements as expressly required by
applicable law.
No securities regulatory authority or stock exchange has
reviewed nor accepts responsibility for the adequacy or accuracy of
the content of this news release.
Patriot Battery Metals (TSXV:PMET)
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