Each one in plain English, with the numbers worked through for a shareholder.
5 Jan 2024other● Neutral
Monthly CDI statement for December 2023. Quoted CDIs rose from 457.5m to 504.0m, mainly through transfers; PMTAP warrants (8.65m) were exercised and, per the table, option exercises also occurred. Administrative; no operational news.
18 Dec 2023drilling result▲ Good
Step-out holes at CV5 and CV13 returned more lithium results from the summer-fall program, best 56.6 m at 1.37% Li2O at CV5; 27 holes reported, over 125 still awaiting assays. Company will now only announce intercepts alongside assays.
4 Dec 2023other● Neutral
Monthly CDI statement for November 2023. Quoted CDIs rose from 393.0m to 457.5m, mainly through transfers; warrant and option exercises included PMTAP (3.1m) and PMTAL (2.16m). Administrative; no operational news.
30 Nov 2023regulatory community update▲ GoodMajor
Patriot filed its Preliminary Information Statement with the Quebec government, starting the provincial approvals process for Corvette as an open-pit spodumene mine. The federal Project Description is ready but held pending clarity after a Supreme Court of Canada ruling on the Impact Assessment Act.
28 Nov 2023investor presentation● Neutral
Company presentation at the Macquarie Western Australia Forum, November 2023. Mostly legal disclaimers and previously announced Corvette information; no new results or figures visible in the text provided.
23 Nov 2023admin correction● Neutral
The 22 November CV9 announcement was reissued with a table of estimated spodumene content (0.1–5% for the key intervals) and cautionary wording. The findings are unchanged. Assays for CV9 are expected in late Q1 2024.
22 Nov 2023drilling result▲ GoodMajor
First drilling at CV9, 14 km west of CV5, logged spodumene-bearing pegmatite, including about 100 m in CV23-345; 18 holes (~4,000 m) done. These are visual logs only; no assays yet. A new discovery claimed by the company, with grades unknown.
13 Nov 2023half year report● Neutral
Unaudited results to 30 September 2023: cash C$133.5m (March: C$56.7m), total assets C$220.4m, equity C$179.6m. Six-month net loss was C$471k, helped by C$9.3m flow-through premium income. Cash reflects the Albemarle placement closed in August.
13 Nov 2023drilling result▲ GoodMajor
CV23-199 returned the widest intersection on Corvette to date: 172.4 m at 0.93% Li2O, including 34.5 m at 1.85%. Early assays from the CV5 western extension, outside the resource, are also well mineralised (e.g. 46.3 m at 1.20%). Drilling pauses until early January; over 140 holes await assays.
2 Nov 2023other● Neutral
Monthly CDI statement for October 2023. Quoted CDIs rose from 359.9m to 393.0m, mainly through transfers from ordinary shares; 2.9m PMTAP warrants (C$0.75) were exercised. Administrative; no operational news.
1 Nov 2023asset acquisition disposition● Neutral
Patriot bought 100% of two claim blocks (73 claims, 3,851.5 ha) next to Alkem's James Bay Lithium Project at Eastmain, for C$500,000 cash plus 120,000 shares. The CEO says non-core assets are being evaluated for value; Corvette remains the focus.
24 Oct 2023admin correction● Neutral
At the ASX's request, the 19 October CV13 announcement was reissued with added detail and a cautionary statement on the 1.3 m spodumene crystal photo (drill hole CV23-271). Drilling results and figures are unchanged.
19 Oct 2023drilling result▲ GoodMajor
New near-surface high-grade zone found at CV13, the first CV13 assays this season: best 8.0 m at 2.86% Li2O including 4.3 m at 5.03%, and 12.7 m at 2.46%. Company says this opens starter-pit options; eight rigs active; updated resource expected mid-2024.
5 Oct 2023other● Neutral
Monthly CDI statement for September 2023. Quoted CDIs rose from 351.6m to 359.9m through transfers from ordinary shares, and 146,759 warrants were exercised. Administrative; no operational news.
5 Oct 2023director officer appointment● Neutral
Bradley Seward (formerly head of critical minerals sales at Macquarie) joins as Vice President of Investor Relations, and Olivier Caza-Lapointe as Head of Investor Relations, North America. The company says this is to improve shareholder communications. No operational impact.
25 Sept 2023drilling progress report▲ GoodMajor
CV5 pegmatite now traced 4.35 km, up from 3.7 km, after a 650 m westward extension; best intersection 56.8 m continuous, with a 178.2 m pegmatite interval in one hole (assays pending). Seven rigs are active, with ten targeted by mid-January 2024. Assays due from October.
20 Sept 2023agm notice● Neutral
All resolutions passed at the 19 September meeting, including re-election of all five directors, the amended incentive plan, and ratification of the earlier flow-through and Albemarle placements. About 45% of shares were voted. Lowest support was 76.9% on the plan (minority vote).
14 Sept 2023agm notice● Neutral
Ahead of the 19 September meeting, the company dropped a share-plan provision for awards bought on market. As a result it cannot use an ASX exemption, so director awards under the plan will need shareholder approval. The plan is otherwise similar to last year's.
11 Sept 2023resource reserve update● Neutral
The formal technical report supporting the maiden CV5 resource (109.2 Mt at 1.42% Li2O inferred) has been filed, as promised for early September. Prepared by independent BBA Engineering. The resource figures are unchanged from 31 July; this is a filing, not a revision.
7 Sept 2023other▲ Good
Patriot's CDIs will join the S&P/ASX 300 Index from 18 September 2023, as flagged on 1 September. The company says it may bring more Australian institutional demand and liquidity. Index change only; no company transaction or new operating information.
4 Sept 2023other● Neutral
Monthly CDI statement for August 2023. Quoted CDIs rose from 348.4m to 351.6m through transfers, with some option and warrant exercises. Administrative; no operational news.
1 Sept 2023other▲ Good
Third-party index announcement: S&P Dow Jones will add Patriot Battery Metals to the S&P/ASX 300 from 18 September 2023. This is an index change, not a company announcement, and no company transaction is involved.
29 Aug 2023drilling progress report● Neutral
About 35 holes and 10,100 m drilled this summer, with four rigs rising to seven by mid-September. CEO cites $150m in the treasury. New drill results are deferred until after the CV5 technical report is filed in early September.
21 Aug 2023regulatory community update● Neutral
Exploration resumed in early August as wildfires eased; four drill rigs are active. The KM-270 camp and all-weather road are due in November, allowing drilling into December, about six weeks later than usual. Road closures still slow construction.
7 Aug 2023quarterly activities report● Neutral
Unaudited quarter to 30 June 2023: cash fell from C$56.7m to C$35.4m, and net loss was C$186,000 after C$4.0m of flow-through premium income offset C$3.2m expenses. Total assets C$105.5m. Excludes the Albemarle money received in August.
4 Aug 2023capital raising announcement▲ Good
The C$109m Albemarle placement has closed, as announced on 31 July. Albemarle holds about 6.4% of shares (4.9% fully diluted) and the investor rights agreement and non-binding MOU are now signed. Shares are restricted from resale for four months.
2 Aug 2023other● Neutral
Monthly CDI statement for July 2023. Quoted CDIs rose from 340.3m to 348.4m, due to transfers from ordinary shares. It also corrects a June warrant count from 825 to 875. Administrative; no operational news.
2 Aug 2023other● Neutral
Notice of an investor conference call on 3 August 2023 to discuss the maiden CV5 resource and the C$109m Albemarle investment. Administrative notice with no new information.
1 Aug 2023capital raising announcement▲ GoodMajor
Albemarle agreed to buy 7,128,341 shares at C$15.29 (about C$109m), a 7% premium, for about 6.4% undiluted. Funds go to accelerating Corvette work. A non-binding MOU to study a downstream lithium hydroxide plant, with nine months' exclusivity, was also agreed.
What it means for a shareholder
7.1m new shares at C$15.29 to raise about C$109m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
31 July 2023investor presentation● Neutral
August 2023 company presentation, the excerpt showing only legal disclaimers and forward-looking warnings. No new results or figures are visible in the text provided; likely repeats the known CV5 resource story.
