Battery Metals Private Placement Climbs Over 500%

Patriot Battery Metals Inc. (TSX-V: PMET)

• Type of financing: Non-brokered
• Gross proceeds: $3 million
• Number of units: 6 million
• Unit type: Special units
• Price per unit: $0.50
• Closing date: 03/21/2022
• Today's closing price (June 7): $3.12
• Deal appreciation: 524%
• Warrants: Full
• Strike Price: $0.75
• Expiry date: 03/21/25

Company breakdown:

• Formerly Gaia Metals Corp., Patriot Battery Metals is an exploration company with the flagship Corvette Lithium project in Quebec
• Shares have shot up as the company began drilling the Corvette project, peaking in May after the company hit 33.8 metres of 1.17% Li2O
• Shares have climbed again in the most recent drill results, including an intercept of 96.9 metres of 1.25% Li2O. 10,000 metres have been drilled in 2022.
• Patriot Battery Metals moved to the TSX-V on July 12