Senior Mining Executive - Frederic Mercier-Langevin to Join Patriot Battery Metals
Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce that highly experienced and Quebec-based mining executive Frederic Mercier-Langevin, will join Patriot Battery Metals commencing immediately. Mr Mercier-Langevin takes on the role of Chief Development / Operating Officer (CDO/COO) for the Company driving the further assessment, development and value-added opportunities for our Shaakichiuwaanaan (shaa-gi-chi-waa-naan) Project.
Mr Mercier-Langevin, is a Mining Engineer by training (including a Masters in Rock Mechanics), with over 20 years' experience in open pit and underground mining environments, leading into senior and executive roles respectively, with both Agnico Eagle Mines and more recently Wesdome Gold Mines Ltd.
Mr Mercier-Langevin's extensive commissioning, operations and development experience, including large-scale open pit and underground mines in the North, is a key inclusion to Patriot's executive team. He will be instrumental in the next steps of development of the Shaakichiuwaanaan Project, as the team progresses towards a timely and high-quality completion of the Feasibility Study and ESIA.
Ken Brinsden, Patriot's Managing Director said: "With Frederic as a timely addition to Patriot's executive team we are further building capability, experience and localising the senior management team. These are important elements that will help contribute to the successful development of our Shaakichiuwaanaan Project.
"Add to that Frederic's solid reputation, his engaging style and command of local Quebec conditions, we are lucky that he has chosen to join us," Mr Brinsden added.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Project located in the Eeyou Istchee James Bay region of Quebec, Canada, which is accessible year-round by all-season road and is proximal to regional powerline infrastructure. The Shaakichiuwaanaan Mineral Resource1, which includes the CV5 & CV13 spodumene pegmatites, totals 80.1 Mt at 1.44% Li2O Indicated, and 62.5 Mt at 1.31% Li2O Inferred, and ranks as the largest lithium pegmatite resource in the Americas, and the 8th largest lithium pegmatite resource in the world.
A Preliminary Economic Assessment ("PEA") was announced for the CV5 Pegmatite August 21, 2024, and highlights it as a potential North American lithium raw materials powerhouse. The PEA outlines the potential for a competitive and globally significant high-grade lithium project targeting up to ~800 ktpa spodumene concentrate using a simple Dense Media Separation ("DMS") only process flowsheet.
For further information, please contact us at info@patriotbatterymetals.com or by calling +1 (604) 279-8709, or visit www.patriotbatterymetals.com. Please also refer to the Company's continuous disclosure filings, available under its profile at www.sedarplus.ca and www.asx.com.au, for available exploration data.
This news release has been approved by the Board of Directors.
"KEN BRINSDEN"
Kenneth Brinsden, President, CEO, & Managing Director
Disclaimer for Forward-looking Information
This news release contains "forward-looking information" or "forward-looking statements" within the meaning of applicable securities laws and other statements that are not historical facts. Forward-looking statements are included to provide information about management's current expectations and plans that allow investors and others to have a better understanding of the Company's business plans and financial performance and condition.
All statements other than statements of historical facts are forward-looking statements that involve risks and uncertainties. Forward-looking statements are typically identified by words such as "driving", "further, "underway", "will", "development" and similar words or expressions.
Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such statements. There can be no assurance that forward-looking statements will be accurate.
Forward-looking statements are also subject to risks and uncertainties facing the Company's business, any of which could have a material adverse effect on the Company's business, financial condition, results of operations and growth prospects. Some of the risks the Company faces and the uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others, the ability to execute on plans relating to the Company's Project, including the timing thereof. In addition, readers are directed to carefully review the detailed risk discussion in the Company's most recent Annual Information Form filed on SEDAR+, which discussion is incorporated by reference in this news release, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations.
Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, these risks are not exhaustive; however, they should be considered carefully. If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated in the forward-looking statements found herein. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, readers should not place undue reliance on forward-looking statements.
Forward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Company's business plans, financial performance and condition and may not be appropriate for other purposes.
The forward-looking statements contained herein are made only as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.
Competent Person Statement (ASX Listing Rule)
The mineral resource estimate in this release was reported by the Company in accordance with ASX Listing Rule 5.8 on August 5, 2024. The Company confirms that, as of the date of this announcement, it is not aware of any new information or data verified by the competent person that materially affects the information included in the announcement and that all material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed. The Company confirms that, as at the date of this announcement, the form and context in which the competent person's findings are presented have not been materially modified from the original market announcement.
The production target referred to in this release was reported by the Company in accordance with ASX Listing Rule 5.16 on August 21, 2024. The Company confirms that, as of the date of this announcement, all material assumptions and technical parameters underpinning the production target in the original announcement continue to apply and have not materially changed.
__________________________
1 Shaakichiuwaanaan (CV5 & CV13) Mineral Resource Estimate (80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5 Indicated, and 62.5 Mt at 1.31% Li2O and 147 ppm Ta2O5 ppm Inferred) is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.80% Li2O (underground CV13) with an Effective Date of August 21, 2024 (through drill hole CV24-526). Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability.
View original content to download multimedia:https://www.prnewswire.com/news-releases/senior-mining-executive--frederic-mercier-langevin-to-join-patriot-battery-metals-302421281.html
SOURCE Patriot Battery Metals Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/06/c6594.html
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
Jefferies Remains a Buy on Dundee Precious Mtl (DPM)
Jefferies analyst David Hove maintained a Buy rating on Dundee Precious Mtl on August 1 and set a price target of C$28.00. The company's shares closed last Friday at C$23.98. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Hove covers the Basic Materials sector, focusing on stocks such as Dundee Precious Mtl, Osisko Gold Royalties, and Ero Copper. According to TipRanks, Hove has an average return of 32.5% and an 88.89% success rate on recommended stocks. In addition to Jefferies, Dundee Precious Mtl also received a Buy from TR | OpenAI – 4o's Orla Bullionna in a report issued yesterday. However, on August 1, CIBC maintained a Hold rating on Dundee Precious Mtl (TSX: DPM). The company has a one-year high of C$24.65 and a one-year low of C$11.22. Currently, Dundee Precious Mtl has an average volume of 694.3K.
Yahoo
2 hours ago
- Yahoo
Experts Share How Much Savings You Really Need To Retire in Hawaii
Hawaii seems like the perfect retirement, but it's also the most expensive state to live in. According to an index developed by the Bureau of Economic Analysis (BEA) and as reported by Yahoo Finance, Hawaii's cost of living is 8.6% higher than the national average. This is due to the state's remote location, which requires goods to be imported, thereby increasing prices. The limited availability of land and high demand for houses also contribute to a higher cost of living. Read More: Find Out: 'As a word of caution to anyone considering relocating to Hawaii, do not discount the fact that Hawaii has a unique culture that inherently looks down upon uninitiated emigrants,' said J.R. Robinson, owner and founder of Financial Planning Hawaii. 'It very definitely helps to have a local connection.' Here's what you need to know about retiring in Hawaii. How Much You Need To Retire in Hawaii Daniel Gleich, CEO and President of Madison Trust Company, said Hawaii's high cost of living makes it the most expensive state to retire in comfortably. According to a Madison Trust Company report, residents should aim to save $2,212,084 by age 65. This figure includes basic living expenses and discretionary spending. This takes into consideration expenses such as groceries, housing, transportation, health care, utilities and supplemental funds for extracurriculars. However, there's no one-size-fits-all answer. 'There is no specific nest egg value to answer this question. It depends upon the consumer's income needs and standard of living,' said Robinson. But there are also some important considerations to make. 'First, in terms of the cost of living, Hawaii is akin to San Francisco, New York and Boston in terms of housing costs and general cost of living,' he explained. 'Real estate prices are comparable, while grocery expenses tend to be higher in Hawaii.' While real estate prices are comparable, Robinson noted that real estate costs are commonly underestimated. Many retirees are drawn to affordable older condominiums, only to be hit with major assessments for renovations. 'There is a common saying among Hawaii realtors that residential real estate in Hawaii has historically been a good investment, but that consumers would be better served by renting than buying when it comes to condos,' he said. Discover Next: How To Financially Prepare for Retirement in Hawaii Retiring in a high-cost area like Hawaii requires some extra planning. It's also important to keep in mind that Hawaii has a state income tax rate that caps out at 11% — one of the highest in the U.S. 'At the same time, Hawaii is surprisingly progressive with respect to taxing retirees' income,' Robinson added. 'The state does not tax Social Security or pensions or even distributions from rollover IRAs or 401(k)s that can be attributed to employer contributions.' While Hawaii may offer tax advantages for retirees, especially when it comes to exempting certain retirement income, planning for a financially secure future often involves more than just understanding state tax laws. For many, it also means rethinking where and how their savings are invested. 'Many individuals consider exploring long-term retirement strategies that go beyond standard Wall Street options like stocks and bonds and explore self-directed IRAs as a way to diversify their portfolios,' Gleich said. A self-directed IRA allows individuals to invest in alternative assets like real estate, private lending or private equity to generate passive income and help offset the higher living expenses. 'A self-directed IRA can help provide an added layer of control, diversification, and possible passive income for those planning retirement in higher-cost states,' he added. Ultimately, the decision to retire in Hawaii should be based on your interests. 'If the consumer leans toward cosmopolitan, then Honolulu is probably a good fit. If lower-cost real estate and more country living is an objective, then any of the outer islands may be appropriate,' Robinson recommended. More From GOBankingRates 5 Cities You Need To Consider If You're Retiring in 2025 This article originally appeared on Experts Share How Much Savings You Really Need To Retire in Hawaii Sign in to access your portfolio
Business Upturn
5 hours ago
- Business Upturn
FLR LEGAL ALERT: Lose Money on Your Fluor Corporation Investment? Contact BFA Law about its Securities Fraud Investigation (NYSE:FLR)
By GlobeNewswire Published on August 3, 2025, 16:07 IST NEW YORK, Aug. 03, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Fluor Corporation (NYSE: FLR) for potential violations of the federal securities laws. If you invested in Fluor, you are encouraged to obtain additional information by visiting: Why Is Fluor being Investigated? Fluor is a global professional services firm that provides engineering, procurement and construction, fabrication and modularization, and project management services. The Company has three principal segments: Urban Solutions, Energy Solutions and Mission Solutions. Its Urban Solutions segment includes infrastructure teams that provide a broad range of services, including consulting, design, planning, financial structuring, engineering, construction and operation and maintenance services. During the relevant period, the Company touted the strong productivity across its infrastructure portfolio. In truth, several of Fluor's infrastructure projects experienced undisclosed design errors, delays, and price escalation that significantly impacted its business. The Stock Declines as the Truth Is Revealed On August 1, 2025, before market hours, Fluor reported its fiscal Q2 2025 financial results and held an earnings call. The Company announced disappointing earnings and revealed 'a $54 million net impact of cost growth and expected recoveries on three infrastructure projects, due to subcontractor design errors, the related schedule impacts, and price escalation.' The Company also announced, 'a shift in expected capital spending from some clients.' On this news, the price of Fluor stock fell more than 30% during trading on August 1, 2025. Click here for more information: What Can You Do? If you invested in Fluor you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact:Ross Shikowitz [email protected] 212.789.3619 Why Bleichmar Fonti & Auld LLP? BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA , The Legal 500 , and ISS SCAS , and its attorneys have been named 'Elite Trial Lawyers' by the National Law Journal , among the top '500 Leading Plaintiff Financial Lawyers' by Lawdragon , 'Titans of the Plaintiffs' Bar' by Law360 and 'SuperLawyers' by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
