Results of Annual General Meeting of Shareholders
September 18, 2024
VANCOUVER, BC, Sept. 18, 2024 /PRNewswire/ -- September 18, 2024 Sydney, Australia
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 of Shareholders and Information Circular (the "Circular"),datedAugust5,2024,wereapproved by the requisite majority of votes cast at the Meeting.
A total of 49,735,927 common shares were voted atthe 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'sprofile atwww.sedarplus.ca.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district- scale100%owned ShaakichiuwaanaanProperty(formerlyknownasCorvette)locatedintheEeyouIstchee James BayregionofQuebec, Canada, which isaccessible year-roundbyall-season road andisproximalto regional powerline infrastructure. The Shaakichiuwaanaan Mineral Resource1, which includes the CV5 & CV13 spodumene pegmatites, totals 80.1Mt at 1.44%Li2O Indicated, and 62.5Mt at 1.31% Li2O Inferred, and ranks as the largest lithium pegmatite resource in the Americas, and the 8thlargest lithium pegmatite resource in the world. Additionally, the Shaakichiuwaanaan Property hosts multiple other spodumene pegmatiteclustersthatremaintobedrill tested,aswellassignificantareasofprospectivetrendthatremain to be assessed.
1 Shaakichiuwaanaan (CV5 & CV13) Mineral Resource Estimate (80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5Indicated, and 62.5Mt at1.31% Li2O and 147 ppmTa2O5ppm Inferred)is reportedat a cut-offgrade of0.40% 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.
Thisnewsreleasehasbeenapproved bytheBoardofDirectors.
"KENBRINSDEN"
KennethBrinsden, President, CEO, & Managing Director
Qualified/CompetentPerson
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 forthe Shaakichiuwaanaan Project, JamesBayRegion,Qubec, Canada"withanIssueDateofSeptember12,2024,andEffectiveDateofAugust 21,2024reviewedandapprovedbyMr.Darren L.Smith,M.Sc.,P.Geo.,whoisaQualifiedPerson asdefined byNational Instrument 43-101 Standards of Disclosure for Mineral Projects, and member in good standing with theOrdre des Gologues du Qubec(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 theAustralasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr. Smith consents to the inclusion inthis news release of the matters in the form and context in which they appear.
APPENDIX1Results ofAnnualGeneral MeetingofShareholders.
Resolution | Resolution | Numberofvotescast inMeeting | Instructionsgiven tovalidlyappointedproxies | |||||
For | Against | Withheld/Abstain | For | Against | Withheld/Abstain | Discretion | ||
1aElectionofDirector- | 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% | -- |
1bElectionofDirector - | 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% | |||
1cElectionofDirector - | 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% | |||
1dElectionofDirector - | 43,336,514 | N/A | 1,912,495 | 43,336,514 | N/A | 1,912,495 | -- | |
DavidBlairWay | Pass | 95.77% | 4.23% | 95.77% | 4.23% | |||
1eElectionofDirector - | 42,978,599 | N/A | 2,270,410 | 42,978,599 | N/A | 2,270,410 | -- | |
Mlissa Desrochers | 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.Ratificationofprevious | -- | |||||||
issuance of Shares under the Flow-ThroughFinancing | Pass | 34,004,868 94.79 % | 140,496 0.39 % | 1,728,248 4.82% | 34,004,868 94.79% | 140,496 0.32% | 1,728,248 4.82% | |
Placement | ||||||||
4.Ratificationofprevious | -- | |||||||
issuanceofSharesfor | Pass | 45,160,720 | 63,882 | 24,407 | 45,160,720 | 63,882 | 24,407 | |
acquisitionofblocksatthe | 99.81% | 0.14% | 0.05% | 99.81% | 0.14% | 0.05% | ||
EastmainProject | ||||||||
5.Ratificationofprevious | Pass | 45,010,275 | 64,327 | 24,407 | 45,010,275 | 64,327 | 24,407 | -- |
acquisitionofJBN-57claim | 99.80% | 0.14% | 0.05% | 99.80% | 0.14% | 0.05% | ||
block | ||||||||
6.Approvaltoissue FY24 | 38,804,897 | 2,757,072 | 9,653 | 38,804,897 | 2,757,072 | 9,653 | -- | |
Optionsand DSUsto Ken | Pass | 93.35% | 6.63% | 0.02% | 93.35% | 6.63% | 0.02% | |
Brinsden | ||||||||
7.Approvaltoissue FY24 | 28,196,818 | 13,365,152 | 9,653 | 28,196,818 | 13,365,152 | 9,653 | -- | |
OptionsandDSUsto Pierre | Pass | 67.83% | 32.15% | 0.02% | 67.83% | 32.15% | 0.02% | |
Boivin | ||||||||
8.Approval to issue FY24 OptionsandDSUstoMlissa 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.Approvaltoissue FY24 DSUstoBrianJennings | 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.Approvaltoissue DSUs tonon-executiveDirectors 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.ApprovaltoissueSalary Sacrifice DSUs to non- executiveDirectorsforFY25 | 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.Approvaltoissue RSUs 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 0.02% | - |
Brad Seward: Vice President, Investor Relations T: +61 400 199 471, E:bseward@patriotbatterymetals.com; OlivierCaza-Lapointe, Head, Investor Relations North America, T: +1 (514) 913-5264, E:ocazalapointe@patriotbatterymetals.com
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SOURCE Patriot Battery Metals Inc.
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