Patriot Lithium's Fund Raising and Drilling Commencement

Patriot Lithium Limited (ASX: $PAT) has successfully completed its fund raising, as announced on 1 May 2024, and is now poised to commence drilling at the Gorman Lithium Project. The company's strategic landholding of 355km2 in north-west Ontario, along with the approval of the drilling program, marks a significant step forward in its key projects portfolio.

Executive Commentary on Gorman Lithium Project

The completion of the fund raising and the upcoming drilling program at the Gorman Lithium Project represent important milestones for Patriot Lithium. We are excited about the potential of the Gorman Project, especially with the confirmation of a 5.2km-long, spodumene-bearing LCT pegmatite trend and the continuous high-grade mineralization from sawn channel sampling. This progress aligns with our commitment to advancing our North American projects and further solidifies our position in the lithium market.

Summary of Patriot Lithium's Announcement

Patriot Lithium (ASX: $PAT) has successfully completed a fund raising and is now preparing to commence drilling at the Gorman Lithium Project. The company's strategic landholding and the approval of the drilling program demonstrate its commitment to advancing its key projects portfolio. The Gorman Project, located in north-west Ontario, has shown promising signs with the confirmation of a 5.2km-long, spodumene-bearing LCT pegmatite trend and continuous high-grade mineralization. This development positions Patriot Lithium to capitalize on the growing demand for lithium, especially in North America. The company's activities align with the regional prospectivity and the strategic investment by Mitsubishi Corporation in Frontier Lithium's PAK/Spark deposit, indicating the potential of the region as a whole. Patriot Lithium's outlook appears optimistic as it progresses with its drilling program and continues to strengthen its position in the lithium market.