Lithium exploration company Patriot Battery Metals (TSX-V: PMET) said today a short-seller's report is "factually inaccurate and misleading."
Published on July 6, Night Market Research's report focuses on Patriot's resource estimate release date and other issues.
"Patriot can confirm that the maiden resource for Corvette will be released publicly in the coming weeks. The resource is expected to be a large-scale and high-grade lithium deposit when benchmarked against other hard rock lithium projects globally," said Patriot in a news release.
"In accordance with its previous announcements, the Company confirms that management secured additional funding to expand the exploration program in late 2022 to further appraise and define the CV5 pegmatite. This is a common practice for early-stage mining development projects."
Patriot also addressed M&A reports stating that it has received interest but the company has not "received any takeover or corporate proposals to date."
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.
