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over an additional 536sq.km in one of the largest and highest-grade lithium deposits in North America, along Canada’s province of Ontario.
Upon exercising relevant options, and including Patriot’s Gorman project, the Aussie junior will own the largest claim in the “Electric Avenue” of North-West Ontario, with a regional claim package exceeding 890 square kilometres. Shares of Patriot Lithium rose on the news, closing on Tuesday 24% higher at A$0.21 each, which leave the miner with a market capitalization of A$13.06 million . Drilling at this asset, one of the largest and highest-grade lithium deposits in North America, has delivered 398m at 1.88% lithium.
In the project’s latest feasibility study, Marathon anticipated that the federal and provincial assessments for Berry would be completed by the middle of 2024.The aim is to build a more sustainable North American supply chain for materials needed to expand power grids for the energy transition.
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