Each one in plain English, with the numbers worked through for a shareholder.
3 Mar 2025drilling result▲ GoodMajor
Patriot reports a large cesium zone at CV13, over about 600 m x 400 m and coincident with the Vega Zone; pollucite was identified. Over 140 samples await overlimit assays. A possible by-product to lithium, grade and size not yet defined.
28 Feb 2025drilling result▲ GoodMajor
Final 98 CV5 infill holes (31,513 m) reported, including 153.8 m at 2.00% Li2O, completing all 431 holes (128,052 m) from 2024. The data set needed for the Feasibility Study and maiden Ore Reserve (Q3 2025) is complete, closing the open assay thread.
13 Feb 2025investor presentation● Neutral
February 2025 corporate presentation; visible text is only cautionary statements repeating the PEA and its C$1,373.5m funding need (C$869.7m Stage 1, C$503.8m Stage 2). No new figures visible.
10 Feb 2025drilling scheduled● Neutral
The 2025 winter drill program has started, targeting at least 15,000 m through mid-April with up to four rigs. It will extend the Vega Zone toward CV12, test the CV5-CV13 corridor and drill waste-rock sites for the Feasibility Study. Less drilling than 2024.
4 Feb 2025other● Neutral
Monthly CDI statement for January 2025: CDIs fell about 0.9m to 571.1m from transfers to TSX shares. Administrative; no operational news.
22 Jan 2025farm in farm out completion▲ GoodMajor
The C$69m Volkswagen investment has closed; VW now owns about 9.9% of Patriot. The binding PowerCo offtake (100,000 t a year of concentrate for 10 years), investor rights agreement and MoU are in place. Proceeds fund exploration, the Feasibility Study and working capital.
7 Jan 2025other● Neutral
Monthly CDI statement for December 2024: CDIs fell about 6.5m to 572.1m from transfers to TSX shares. 200,000 options at C$0.53 expired. Administrative; no operational news.
18 Dec 2024investor presentation● Neutral
Presentation on the Volkswagen and PowerCo partnership; visible text is only cautionary statements repeating the PEA and its C$1,373.5m funding need. No new figures beyond the separate partnership announcement.
18 Dec 2024farm in farm out agreement▲ GoodMajor
Volkswagen will invest about C$69m (US$48m) for 15,557,500 shares at C$4.42, about 9.9% of the company, a 65% premium to the 30-day average price. PowerCo offtake of 100,000 t per year of concentrate over 10 years is to be agreed, plus an MoU. Resolves the partner search.
18 Dec 2024investor presentation● Neutral
Notice of a live webinar on 18 December where CEO Ken Brinsden discusses the Volkswagen and PowerCo investment, offtake and partnership. Administrative; no new figures.
12 Dec 2024drilling result▲ GoodMajor
Final summer-fall CV13 results (33 holes, 9,950 m) expand the high-grade Vega Zone, including 31.2 m at 3.35% Li2O and a 0.9 m sample at 7.11% Li2O, the Property's highest grade. The zone is open and links to a structure running 3.3 km toward CV12, a 2025 target.
5 Dec 2024other▲ Good
Patriot produced a 307 g sample of battery-grade lithium hydroxide from CV5 concentrate (6.2% Li2O), with no impurities of concern. It is a proof-of-concept to support talks with potential strategic partners and end-users, advancing the downstream partner search.
4 Dec 2024other● Neutral
Monthly CDI statement for November 2024: CDIs fell about 11.5m to 578.6m from transfers to TSX shares. Options expiring and warrants exercised (80,000 at C$0.75) recorded. Administrative; no operational news.
27 Nov 2024investor presentation● Neutral
November webinar presentation; visible text is only cautionary statements repeating the PEA and its C$1,373.5m funding need (C$869.7m Stage 1, C$503.8m Stage 2). No new figures visible.
27 Nov 2024drilling result▲ Good
The 2024 drill program is complete: a record 65,384 m this summer-fall, 128,052 m for the year. First CV5 infill assays include 100.5 m at 1.62% Li2O. No more infill drilling is planned; Feasibility Study and maiden reserve stay on track for Q3 2025.
26 Nov 2024investor presentation● Neutral
Notice of investor webinars hosted by CEO Ken Brinsden on 27 November covering the 2024 summer-fall drilling, study progress, ESG and 2025 outlook. Administrative; no new figures beyond the existing 80.1 Mt Indicated and 62.5 Mt Inferred resource.
15 Nov 2024half year report● Neutral
Half-year to 30 September 2024 (unaudited): cash C$70.5m, down from C$101.6m at June and C$73.0m in March. Total assets C$306.3m; six-month loss C$3.4m. Flow-through premium liability is C$20.3m.
12 Nov 2024regulatory community update▲ Good
Patriot received UL 2723 ECOLOGO exploration certification (desktop audit, 30 September) and published its first sustainability report. Environmental baseline fieldwork is complete; the ESIA remains on track for 2H 2025, targeted for the September quarter.
5 Nov 2024other● Neutral
Monthly CDI statement for October 2024: CDIs fell about 5.4m to 590.0m from transfers to TSX shares. The 71,530 warrants at C$6.35 expired unexercised. Administrative.
28 Oct 2024drilling progress report▲ Good
2024 drilling nearly done at about 127,700 m (428 holes); results for 65,000 m remain unreported. Feasibility Study stays on track for Q3 2025, with an updated resource targeted for March/April 2025. Drilling spend is expected to fall after the CV5 infill.
4 Oct 2024other● Neutral
Monthly CDI statement for September 2024: CDIs fell about 8.2m to 595.5m from transfers to TSX shares. Administrative; no operational news.
19 Sept 2024investor presentation● Neutral
Site visit presentation dated 18 September; visible text is only cautionary statements repeating the PEA and its C$1,373.5m funding need. No new figures visible.
18 Sept 2024investor presentation● Neutral
AGM presentation; visible text is only cautionary statements repeating PEA funding needs of C$1,373.5m. No new figures visible.
13 Sept 2024regulatory community update● Neutral
The NI 43-101 technical report for the PEA was filed on 12 September, ahead of the 19 September deadline. The company says there are no material differences from the 5 and 21 August releases, closing that open item.
5 Sept 2024investor presentation● Neutral
Investor Day presentation of the PEA; visible text is only cautionary statements repeating the C$1,373.5m funding need (C$869.7m Stage 1, C$503.8m Stage 2). No new figures visible.
4 Sept 2024other● Neutral
Monthly CDI statement for August 2024: CDIs fell about 5.3m to 603.7m from transfers to TSX shares. Option exercises of 250,000 and 150,000 recorded. Administrative; no operational news.
22 Aug 2024investor presentation● Neutral
Slide presentation of the 21 August PEA results; visible text is only cautionary statements. It says the technical report will be filed by 19 September 2024. No new figures visible.
22 Aug 2024other▲ GoodMajor
PEA for a staged CV5 development targets up to ~800 ktpa spodumene concentrate; pre-tax NPV8% of C$4.7bn and after-tax C$2.9bn. Funding needed is C$1,373.5m in total (C$869.7m Stage 1), with no certainty it can be raised.
22 Aug 2024investor presentation● Neutral
Notice of a live webinar on 22 August where CEO Ken Brinsden presents the PEA findings. Administrative; no new figures beyond the PEA announcement.
15 Aug 2024director officer appointment▲ GoodMajor
Alex Eastwood, a Pilbara Minerals founding executive, joins immediately in the new role of Executive Vice President – Commercial, based mainly in Australia. He supports the company's ongoing talks with downstream industry partners after the Albemarle MOU ended.
