Located in the heart of the province of Quebec, Patriot Metals (TSX-V: PMET) (OTCQB: PMETF) is a mineral exploration company that focuses on the acquisition and exploration Lithium properties in the resource rich region of James Bay in Northern Québec.
Nestled in the north of Quebec, sits Patriot Battery Metals Corvette Lithium Property which spans across 200 square kilometers situated in the La Grande Greenstone Belt, and is in close proximity to road and hydro access. PMET has a 20,000-meter drill program that is fully funded and has completed approximately 10,000 meters completed thus far.
On August 10th, PMET announced an update to the surface exploration program at the company’s wholly owned Corvette Property revealing new lithium pegmatite cluster situated approximately 4.5 kms southwest from its CV5-1 pegmatite corridor where the company is currently drilling. The company’s Vice President of exploration stated “The Corvette Property continues to impress with an abundance of lithium pegmatite and potential for further discovery as evidenced by the CV13 pegmatites. The CV13 pegmatites are situated directly on trend between the CV5-1 pegmatite corridor being actively drilled and the CV8 pegmatite, which remains to be drill tested.” The average lithium grade of samples analyzed had an average grade of 0.98% Li2O and a maximum grade of an impressive 3.73% Li2O.
Shares of Patriot Battery Metals began to climb on March 22nd when the share price was around $.80 cents when the company announced its spring update at the Corvette property, whereby PMET reported that all six drill holes encountered significant intervals of pegmatite.

As the long-term goal for humanity remains decarbonization, the demand for strategic metals and critical elements should continue to be high and large players like Volkswagen and Mercedes Benz are eyeing Canada as a viable provider of battery metals for the long-term systemic shift in the industry. Last week, the Prime Minister of Canada Justin Trudeau and German Chancellor Olaf Scholz signed several agreements meant to open up Canada’s mineral sector, whereby Volkswagen’s agreement will include Canadian cobalt, graphite, nickel and lithium, with Mercedes Benz focusing on battery supply chains and developing sustainable critical mineral supply chains across the country.
Bank Of Montreal (TSX: BMO) mining and metals analyst stated Jackie Przybylowski stated, “Canada generally has a terrific track record for sustainable mining; encouraging mining here will potentially provide sources of cleaner and more ethically sourced raw materials for electric vehicles globally”. As per the company’s most recent financial statements, PMET has approximately $8 million in cash and a total of 33,598,254 warrants that are in the money as the warrants have an average price of $.67 cents. If all warrants get exercised, this will add an extra $22.5 Million to PMET’s coffers and is sure to provide enough capital to continue its exploration for Lithium in James Bay, Québec.
However if you happened to miss out on PMET, there might be a second chance on a great area play that could have huge upside as its property is adjacent to several other properties including Patriot Metals Corvette property and Frontier Lithium (TSX:V FL) both of which have market caps north of $500 Million.
Infinity Stones Ventures (CSE: GEMS) (OTC: TLOOF) aims to be a single supplier for critical energy metals through its portfolio of properties strictly in the provinces in Ontario and Québec. Its Camaro property spans across 359 hectares in James Bay Québec. Although early in the exploration phase of the Camaro property, most stock gains in the mining industry tend to happen as drilling begins and leading up to drill results as positive speculation grows.

Further to the South of GEMS Camaro property, lays the Galaxy pegmatite project, a 1,411 hectares property in Southern Québec, 45 kms west of Mont-Laurier which hosts 30 pegmatite dikes. In early August, GEMS acquired a new 698.4 hectares property named Thor Manganite Project located in Magdalene Islands in Quebec that is a high prospective for manganese, a precious metal commonly used in the production of alloys and an essential product for lithium-ion and cobalt based batteries. The CEO of GEMS Mr. Zayn Kalyan was quoted "Over the past months we have been actively working to acquire strategic and well positioned battery metals projects that align with our goal of being an aggregator and owner of energy metals mineral deposits that will be in strong demand in the near future".
This week, GEMS closed its third private placement, raising a total of $750,000 at $.15 cents a share with warrants at $.30 cents, increasing the company’s cash position to further its exploration plans. GEMS is in the process of completing its US uplisting to the OTCQB exchange from the pink sheets, and the uplisting may be a catalyst in the near term investors can expect to see. Other catalysts for GEMS could include, drilling of the Rockstone graphite property expected to begin in September, samples from the Buda property located 50km west of Thunder Bay, Ontario, and possibly more information relating to its planned listing on the ASX, the Australian stock exchange.
GEMS began its rally within the last week as investors began to take notice that Infinity Stone Ventures’ Camaro Property is directly alongside PMET’s Corvette property which has announced high grades of Lithium, and GEMS may be very well situated to continue its rise to new all-time highs in the coming months.
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