The Eastmain project now comprises four blocks covering 86 claims. Credit: NoName_13 from Pixabay.

Patriot Battery Metals has acquired a 100% interest in two blocks, expanding its land position at its Eastmain project in the Eeyou Istchee James Bay region, Quebec, Canada.

The two new blocks cover a total of 73 claims. The blocks are located immediately adjacent to Alkem’s James Bay lithium project, and on strike of the James Bay lithium deposit within the Eastmain Greenstone Belt.

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The hard-rock lithium exploration company acquired the new Eastmain claims from an undisclosed party by way of a purchase and sale agreement.

As part of the deal, Patriot paid an aggregate cash sum of C$500,000 ($360,914) and issued 120,000 common shares in the capital.

Patriot Battery Metals president and CEO Blair Way said: “These claims are a very complimentary addition to our Eastmain project and the other non-core lithium properties the company holds.

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“As we continue to be focused on aggressive advancement of our Corvette project, we are also evaluating opportunities and approaches for unlocking the value these non-core assets hold for our shareholders.”

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The Eastmain project now comprises four blocks covering 86 claims.

These 4,538-hectare claims form part of Patriot Battery Metals’s non-core lithium asset portfolio, which includes the Pontax (100%), Lac du Beryl (100%) and Hidden Lake (40%) properties.

In a press statement, Patriot said: “To date, lithium pegmatite has been confirmed at Hidden Lake and Pontax, with significant lithium exploration potential present throughout its non-core property portfolio.”

Patriot Battery Metals also owns a 100% stake in the Corvette property, which is also in the Eeyou Istchee James Bay region.

The property comprises the CV5 spodumene pegmatite and other multiple spodumene pegmatite clusters.