Patriot Battery Metals Inc.: Results of Annual General Meeting of Shareholders
Press Release
September 18, 2024
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce results of voting at its Annual General Shareholder Meeting held on Tuesday, September 17, 2024, at 4pm (Eastern Time) in Montreal, Quebec, Canada (the “Meeting”).
All matters submitted to shareholders for approval as set out in the Company’s Notice of Annual General Meeting ofShareholders and Information Circular (the “Circular”), dated August 5, 2024, were approved by the requisite majority of votes cast at the Meeting.
A total of 49,735,927 common shares were voted at the Meeting, representing approximately 35.237% of the total issued and outstanding common shares of the Company as of the record date of the Meeting.
As required under ASX Listing Rule 3.13.2, we advise details of resolutions passed, the proxies received and the total number of votes cast for each resolution as set out at Appendix 1, which includes detailed voting results for the election of each director nominated in the Company’s Circular.
A report with the final results on all matters voted on at the Meeting will also be filed on SEDAR+ under Patriot’s profile at www.sedarplus.ca.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district- scale 100%owned Shaakichiuwaanaan Property (formerly known as Corvette) located in the Eeyou Istchee James Bay region ofQuebec, Canada, which is accessible year-round by all-season road and is proximal to regional powerline infrastructure. The Shaakichiuwaanaan Mineral Resource1, which includes the CV5 & CV13 spodumene pegmatites, totals 80.1 Mt at 1.44% Li2O Indicated, and 62.5 Mt at 1.31% Li2O Inferred, and ranks as the largest lithium pegmatite resource in the Americas, and the 8th largest lithium pegmatite resource in the world. Additionally, the Shaakichiuwaanaan Property hosts multiple other spodumene pegmatite clusters that remain to be drill tested, aswell as significant areas of prospective trend that remain to be assessed.
1 Shaakichiuwaanaan (CV5 & CV13) Mineral Resource Estimate (80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5Indicated, and 62.5 Mt at 1.31% Li2O and 147 ppm Ta2O5 ppm Inferred) is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.80% Li2O (underground CV13) with an Effective Date of August 21, 2024 (through drill hole CV24-526). 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.
This news release has been approved by the Board of Directors.
“KEN BRINSDEN”
Kenneth Brinsden, President, CEO, & Managing Director
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
Qualified/Competent Person
The technical information in this news release is based on, and fairly represents, information from the report titled “NI 43-101 Technical Report, Preliminary Economic Assessment for the Shaakichiuwaanaan Project, James BayRegion, Québec, Canada” with an Issue Date of September 12, 2024, and Effective Date of August 21, 2024reviewed and approved by Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and member in good standing with the Ordre des Géologues du Québec (Geologist Permit number 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868).
Mr. Smith is Vice President of Exploration for Patriot Battery Metals Inc. and holds common shares and options in the Company.
Mr. Smith has sufficient experience, which is relevant to the style of mineralization, type of deposit under consideration, and to the activities being undertaken to qualify as a Competent Person as described by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr. Smith consents to the inclusion in this news release of the matters in the form and context in which they appear.
APPENDIX 1 – Results of Annual General Meeting of Shareholders.
| Resolution | Resolution Result | Number of votes cast in Meeting | Instructions given to validly appointed proxies | |||||
| For | Against | Withheld/Abstain | For | Against | Withheld/Abstain | Discretion | ||
| 1a Election ofDirector – Pierre Boivin |
Pass |
43,256,149
95.60% |
N/A | 1,992,860
4.404% |
43,256,149
95.60% |
N/A | 1,992,860
4.40% |
— |
| 1b Election ofDirector – | 44,024,359 | N/A | 1,224,650 | 44,024,359 | N/A | 1,224,650 | — | |
| Brian Jennings | Pass | 97.29% | 2.71% | 97.29% | 2.71% | |||
| 1c Election ofDirector – | 44,173,979 | N/A | 1,075,030 | 44,173,979 | N/A | 1,075,030 | — | |
| Ken Brinsden | Pass | 97.62% | 2.38% | 97.62% | 2.38% | |||
| 1d Election ofDirector – | 43,336,514 | N/A | 1,912,495 | 43,336,514 | N/A | 1,912,495 | — | |
| David Blair Way | Pass | 95.77% | 4.23% | 95.77% | 4.23% | |||
| 1e Election ofDirector – | 42,978,599 | N/A | 2,270,410 | 42,978,599 | N/A | 2,270,410 | — | |
| MélissaDesrochers | Pass | 94.98% | 5.02% | 94.98% | 5.02% | |||
| 2. Appointment ofAuditor | Pass | 49,651,546 | N/A | 66,064 | 49,651,546 | N/A | 66,064 | — |
| 99.87% | 0.13% | 99.87% | 0.13% | |||||
| 3. Ratification ofprevious | — | |||||||
| issuance of Sharesunder the | Pass | 34,004,868 | 140,496 | 1,728,248 | 34,004,868 | 140,496 | 1,728,248 | |
| Flow-ThroughFinancing | 94.79% | 0.39% | 4.82% | 94.79% | 0.32% | 4.82% | ||
| Placement | ||||||||
| 4. Ratification ofprevious | — | |||||||
| issuance of Sharesfor | Pass | 45,160,720 | 63,882 | 24,407 | 45,160,720 | 63,882 | 24,407 | |
| acquisition of blocksat the | 99.81% | 0.14% | 0.05% | 99.81% | 0.14% | 0.05% | ||
| Eastmain Project | ||||||||
| 5. Ratification ofprevious issuance of Shares for |
Pass |
45,010,275 |
64,327 |
24,407 |
45,010,275 |
64,327 |
24,407 |
— |
| acquisition of JBN-57claim | 99.80% | 0.14% | 0.05% | 99.80% | 0.14% | 0.05% | ||
| block | ||||||||
| 6. Approval to issueFY24 | 38,804,897 | 2,757,072 | 9,653 | 38,804,897 | 2,757,072 | 9,653 | — | |
| Options and DSUs to Ken | Pass | 93.35% | 6.63% | 0.02% | 93.35% | 6.63% | 0.02% | |
| Brinsden | ||||||||
| 7. Approval to issueFY24 | 28,196,818 | 13,365,152 | 9,653 | 28,196,818 | 13,365,152 | 9,653 | — | |
| Options and DSUs to Pierre | Pass | 67.83% | 32.15% | 0.02% | 67.83% | 32.15% | 0.02% | |
| Boivin | ||||||||
| 8. Approval to issue FY24 Options andDSUs to Mélissa Desrochers |
Pass |
28,197,082
67.83% |
13,364,888
32.15% |
9,653
0.02% |
28,197,082
67.83% |
13,364,888
32.15% |
9,653
0.02% |
— |
| 9. Approval to issueFY24
DSUs to Brian Jennings |
Pass | 38,628,852
92.92% |
2,933,118
7.06% |
9,653
0.02% |
38,628,852
92.92% |
2,933,118
7.06% |
9,653
0.02% |
— |
| 10. Approval to issueDSUs to non-executive Directors for FY25 |
Pass |
38,633,556
92.93% |
2,927,964
7.04% |
10,103
0.02% |
38,633,556
92.93% |
2,927,964
7.04% |
10,103
0.02% |
— |
| 11. Approval to issueSalary Sacrifice DSUs to non-
executive Directors forFY25 |
Pass | 38,698,451
93.09% |
2,862,228
6.89% |
10,944
0.03% |
38,698,451
93.09% |
2,862,228
6.89% |
10,944
0.03% |
— |
| 12. Approval to issueRSUs and PSUs to Ken Brinsden for FY25 |
Pass |
38,351,700
92.255% |
3,210,269
7.72% |
9,653
0.02% |
38,351,700
92.26% |
3,210,269
7.72% |
9,653
|
IBF4
