01:10:54 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Patriot Battery Metals Inc
Symbol PMET
Shares Issued 92,790,239
Close 2023-01-23 C$ 11.16
Market Cap C$ 1,035,539,067
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Patriot Battery Metals appoints Garoute as CFO

2023-01-23 14:21 ET - News Release

Mr. Blair Way reports

PATRIOT APPOINTS CFO TO ITS EXECUTIVE MANAGEMENT TEAM

Patriot Battery Metals Inc. has appointed Natacha Garoute, LLB, CPA, to the position of chief financial officer, effective today. Dusan Berka has stepped down as chief financial officer but will remain on the board of directors.

Blair Way, president, chief executive officer and a director of Patriot Battery Metals, commented: "We are very lucky to have been able to attract an executive of the calibre of Natacha to the team. Her broad experience with both TSX- [Toronto Stock Exchange] and ASX-listed [Australian Securities Exchange] companies is perfectly suited to our needs. On behalf of the company, I would like to sincerely thank Dusan for his contributions as CFO over the last 10 years. I appreciate his remaining on the board and his tireless support as we grow our company."

Ms. Garoute is an experienced executive with over 20 years of experience in publicly traded and mining companies with international exposure. She most recently held the position of chief financial officer at Champion Iron Ore (ASX 200 and TSX) and was chief financial officer and corporate secretary with Roxgold Inc. (TSX) between 2013 and 2018. Throughout her career, Ms. Garoute led the finance and information technology functions, including tax and treasury. She also has expertise in project finance, capital markets and investor relations.

Ms. Garoute holds a bachelor of commerce from the University of Quebec in Montreal and a bachelor of law from the University of Montreal. She is an independent director and member of the audit committee of Aya Gold and Silver Inc., a silver producer listed on the TSX.

About Patriot Battery Metals Inc.

Patriot Battery Metals is a mineral exploration company focused on the acquisition and development of mineral properties containing battery metals, base metals and precious metals.

The company's flagship asset is the 100-per-cent-owned Corvette property, located proximal to the Trans-Taiga Road and power line infrastructural corridor in the James Bay region of Quebec. The land package hosts significant lithium potential highlighted by the 2.2-kilometre-long CV5 spodumene pegmatite, with drill intercepts of 159.7 metres at 1.65 per cent Li2O (lithium oxide) and 193 parts per million Ta2O5 (tantalum pentoxide) (CV22-042) and 70.1 m at 2.22 per cent Li2O and 147 ppm Ta2O5, including 40.7 m at 3.01 per cent Li2O and 160 ppm Ta2O5 (CV22-017). Additionally, the property hosts the Golden Gap trend, with grab samples of 3.1 to 108.9 grams per tonne gold from outcrop and seven m at 10.5 g/t Au in drill hole, and the Maven trend, with 8.15 per cent copper, 1.33 g/t Au and 171 g/t silver in outcrop.

The company also holds 100-per-cent ownership of the Freeman Creek gold property in Idaho, United States, which hosts two prospective gold prospects -- the Gold Dyke prospect, with a 2020 drill hole intersection of 12 m at 4.11 g/t Au and 33.0 g/t Ag, and the Carmen Creek prospect, with surface sample results including 25.5 g/t Au, 159 g/t Ag and 9.75 per cent copper.

The company's other assets include the Pontax lithium-gold property in Quebec; the Hidden Lake lithium property in the Northwest Territories, where the company maintains a 40-per-cent interest; as well as several other assets in Canada.

We seek Safe Harbor.

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