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     225  0 Kommentare Patriot Battery Metals Announces Closing of C$50M Financing

    VANCOUVER, British Columbia and SYDNEY, Australia, March 20, 2023 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to advise that, further to its news release issued on March 15, 2023 (Vancouver, BC, Canada) / March 16, 2023 (Sydney, Australia), it has successfully completed the Flow Through Raising of approximately 2.215 million Flow Through Shares in the capital of the Company at a price of C$22.57 per share to institutional, professional and sophisticated investors for gross proceeds of approximately C$50M. Capitalized terms in this news release not otherwise defined have the meaning provided in the news release of March 15, 2023 – please refer to that release for more details.

    Settlement is anticipated to occur on March 23, 2023 (Sydney, Australia time) at which time the Flow Through Shares will have been converted to approximately 22.15 million Chess Depositary Interests ("CDIs") which trade on the ASX. CDIs trading on the ASX issued on account of the Flow Through Shares cannot be converted into common shares of the Company for the purpose of trading such shares in Canada until four months have elapsed from the settlement date.

    In connection with the completion of the Flow Through Raising, the Company will pay Euroz Hartleys Limited and Canaccord Genuity (Australia) Ltd., as joint-lead managers for the transaction, a cash commission of A$1,215,995.72. Proceeds raised from the sale of the Flow Through Shares will be used to fund exploration on the Company’s Corvette Property.

    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 2.6 km long CV5 spodumene pegmatite with drill intercepts of 156.9 m at 2.12% Li2O, including 25.0 m at 5.04% Li2O or 5.0 m at 6.36% Li2O (CV22-083), 159.7 m at 1.65% Li2O (CV22-042), 131.2 m at 1.96% Li2O (CV22-100), and 52.2 m at 3.34% Li2O, including 15.0 m at 5.10% Li2O (CV22-093). Additionally, the Property hosts the Golden Gap Trend with grab samples of 3.1 to 108.9 g/t Au from outcrop and 7 m at 10.5 g/t Au in drill hole, and the Maven Trend with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop.

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    Patriot Battery Metals Announces Closing of C$50M Financing VANCOUVER, British Columbia and SYDNEY, Australia, March 20, 2023 (GLOBE NEWSWIRE) - Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to advise that, further to its news …

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