PMET - speculative buy $10 on spodume Lithium not far awaySIC - one day the market will wake up to our spodumene Lithium - Newfoundland and Quebec aren't far away.
Good read on PMET
Globe says Patriot Battery rated "speculative buy"
2022-12-02 07:34 ET - In the News
The Globe and Mail reports in its Friday, Dec. 2, edition that Stifel analyst Cole McGill started coverage of Patriot Battery Metals with a "speculative buy" rating and $8.25 share target, 26 cents under the consensus. The Globe's David Leeder writes that Mr. McGill says in a note: "The 100-per-cent owned Corvette Property is located within the CV Lithium Trend, an emerging spodumene pegmatite district discovered by Patriot Battery in 2017 and drilled in fall 2021. Patriot Battery's CV5-1 Corridor anchors potentially one of the largest conventional spodumene discoveries to date in North America. Corvette is 15km south of provincial highway access and a hydro electric power line. Strong provincial government support, attractive and stable financial incentive programs, lowest electricity rates in North America, cleanest grid globally, and a nearly 30-per-cent cost advantage on salaries for battery manufacturing employers has led to multiple midstream electric vehicle investments by global firms in Quebec. We see investing in Canadian lithium projects like Corvette as one of the strongest ways to invest in North American EV adoption, as Patriot Battery controls domestic lithium units OEMs increasingly require."
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