01:22:56 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Patriot Battery Metals Inc
Symbol PMET
Shares Issued 131,836,627
Close 2024-02-15 C$ 7.00
Market Cap C$ 922,856,389
Recent Sedar Documents

Globe says Patriot rated "outperform" in new coverage

2024-02-16 08:25 ET - In the News

The Globe and Mail reports in its Friday, Feb. 16, edition that according to Raymond James analyst Brian MacArthur, investing in Patriot Battery Metals is a good way to gain exposure to lithium, and indirectly, to the global economy's electrification and decarbonization. The Globe's David Leeder writes that Mr. MacArthur rates Patriot Battery "outperform" in new coverage. He set a share target of $13.50. Analysts on average target the shares at $17.66. Mr. MacArthur says in a note: "While lithium prices have been volatile over the last few years, underlying lithium demand has remained strong with 2023 being the third consecutive year with 20- to 30-per-cent growth in the global lithium market. We expect the market to grow over 10 per cent in 2024 and longer-term, we believe the large projected growth in lithium demand to supply EVs is likely to require substantial new lithium supply. For more details please refer to our report. While we acknowledge numerous lithium companies exist, we question how many projects will be developed on the timeline and capital budgets that are currently being projected. We believe Corvette given its size, grade location, and potential partner could be one that gets developed."

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