Patriot Battery Metals Achieves Milestone with Battery-Grade Lithium Hydroxide Production

Patriot Battery Metals Inc. has successfully produced a sample of battery-grade lithium hydroxide from the CV5 Spodumene Pegmatite, marking a significant milestone in the development of its Shaakichiuwaanaan Lithium Project in Canada. This achievement not only demonstrates the potential for high-quality lithium production but also strengthens the company's position in the growing battery materials market.

Key Takeaways

• A 307 g sample of battery-grade lithium hydroxide monohydrate was produced.
• The CV5 Pegmatite is a key component of the Shaakichiuwaanaan Lithium Project, with a mineral resource estimate of 80.1 Mt at 1.44% Li2O indicated and 62.5 Mt at 1.31% Li2O inferred.
• The test sample showed no impurities of concern, validating the quality of the product.
• The production process utilized spodumene concentrate with a grade of 6.2% Li2O and 0.6% Fe2O3.
• This milestone is expected to enhance engagement with potential strategic partners and end-users.

Overview of the CV5 Pegmatite

The CV5 Pegmatite, located in the Eeyou Istchee James Bay region of Quebec, is wholly owned by Patriot Battery Metals. It forms the backbone of the company's lithium project, which is crucial for meeting the increasing demand for battery materials in electric vehicles and renewable energy storage.

The recent production of a marketable lithium hydroxide sample is a testament to the project's viability and the quality of the spodumene concentrate derived from the pegmatite. The successful testwork serves as a proof-of-concept, indicating that high-quality lithium products can be produced from the CV5 feed material.

Production Process

The lithium hydroxide sample was produced using a Dense Media Separation (DMS) pilot plant, which processed drill core samples that represent the expected early mine-life at the CV5 Pegmatite. The key parameters of the production process include:

• Spodumene Concentrate Grade: 6.2% Li2O and 0.6% Fe2O3
• Sample Weight: 307 g
• Product Type: Battery-grade lithium hydroxide monohydrate

This process not only highlights the efficiency of the DMS method but also underscores the potential for producing high-quality lithium products that meet market specifications.

Strategic Implications

Ken Brinsden, the Director, President, and CEO of Patriot Battery Metals, emphasized the importance of this achievement in the company's development strategy. He noted that the successful production of battery-grade lithium hydroxide is a critical de-risking step as the company advances the CV5 project towards production.

Brinsden stated, "Not all spodumene concentrates are created equal, and by demonstrating that the high-quality, low-iron spodumene concentrate produced from CV5 results in a marketable and on-spec battery-grade lithium hydroxide product, we are further validating and de-risking the Project."

This milestone is expected to facilitate further engagement with potential strategic partners and end-users, positioning Patriot Battery Metals favorably in the competitive landscape of lithium production.

Conclusion

The successful production of battery-grade lithium hydroxide from the CV5 Spodumene Pegmatite marks a significant advancement for Patriot Battery Metals. As the demand for lithium continues to rise, this achievement not only enhances the company's credibility but also paves the way for future growth in the battery materials sector. With a focus on quality and strategic partnerships, Patriot is well-positioned to capitalize on the burgeoning market for lithium-based products.

Sources

• Patriot Successfully Produces Sample of Battery-Grade Lithium Hydroxide from the CV5 Spodumene Pegmatite, Yahoo Finance.
• Patriot Successfully Produces Sample of Battery-Grade Lithium Hydroxide from the CV5 Spodumene Pegmatite, Yahoo Finance.