Getting Behind a Patriot Takeover of Frontier LithiumIt is likely to happen sooner than later. PMET did everything right swiftly within a 2 to 3 year span to be positioned to acquire Frontier Lithium in the pennies. Ken Brinsden is on the hunt for Lithium 60 km North of Frontier (December agreement inked). You can bet that Brinsden is gunning for Frontier (high grade, low mining cost structure, high internal rate of return, negligible payback period). Frontier, the Lithium mining profile that Brinsden wants to add to PMET's pipeline of Lithium operations. Brinsden has already brought the backing of Albemarle to the PMET lithium hunt.
(The Daily Telegraph) The Patriot we need?: Lithium legend Ken Brinsden donning cape again to prepare for next upturn
New Patriot Battery Metals CEO Ken Brinsden says the lithium industry’s ‘obsession with China’ must end and predicts a ‘pretty significant’ uptick for prices. Canada bound – New Patriot Battery Metals CEO – and former Pilbara Minerals MD – Ken Brinsden. Picture: Supplied/Stockhead The mining heavyweight sat down with Stockhead to discuss his stunning decision to head to Quebec and make a transition from non-executive chairman to a more hands-on role.
His move comes amid turbulent times for lithium.
Lithium sentiment has been torched over the past 15 months as prices for spodumene concentrate have tumbled from more than $US8000/t to just $US850/t..........................
Now he’s looking to repeat the feat with Albemarle-backed Patriot, which inspired a rush into the James Bay region of Quebec with its Corvette discovery, now North America’s largest hard rock lithium deposit with an inferred JORC resource of 109.2Mt at 1.42 per cent Li2O..............................................................................