'Incredible demand coming down the pipeline' - Patriot Battery Metals' Blair Way on lithium sector
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(Kitco News) - Patriot Battery Metals (CVE:PMET) has been a darling of the resource space hitting a 52-week high of $17.69 in February.
Last month Patriot Battery Metals CEO Blair Way was interviewed by mining audiences manager Michael McCrae at the BMO Global Metals, Mining & Critical Minerals Conference.
Patriot Battery Metals 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).
The work on the project is still early given its scale, said Way.
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"We have only really touched 25% of the trend," said Way. "There's still a lot ahead of us—thousand of meters to go, but what we've been able to define this year is really quite spectacular."
Way said anticipated global lithium demand will outpace anything his company could eventually produce.
"We're seeing an incredible demand coming down the pipeline, and we think we can be a solution to it," said Way. "But there could be three more Patriots identified in North America and that still wouldn't be enough."
Coverage of BMO Global Metals, Mining & Critical Minerals Conference was sponsored by First Majestic Silver.