Breakdown | |||||
TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
-1.71M | -876.00K | -21.00K | 0.00 | 0.00 | 0.00 | EBIT |
-19.66M | -19.78M | -17.20M | -4.15M | -774.20K | -751.83K | EBITDA |
-11.03M | 13.49M | -6.85M | -3.55M | -774.17K | -689.66K | Net Income Common Stockholders |
-4.88M | 2.61M | -10.12M | -3.88M | -775.05K | -528.96K |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
43.70M | 73.00M | 56.72M | 11.70M | 149.55K | 255.89K | Total Assets |
293.43M | 247.92M | 107.72M | 26.62M | 4.37M | 2.95M | Total Debt |
399.00K | 365.00K | 0.00 | 0.00 | 40.00K | 0.00 | Net Debt |
-43.30M | -72.64M | -56.72M | -11.70M | -98.05K | -244.39K | Total Liabilities |
48.29M | 44.70M | 37.72M | 2.76M | 153.88K | 43.24K | Stockholders Equity |
245.14M | 203.22M | 70.00M | 23.86M | 4.21M | 2.91M |
Cash Flow | Free Cash Flow | ||||
-99.05M | -54.55M | -34.90M | -10.52M | -1.28M | -951.43K | Operating Cash Flow |
-16.74M | -16.16M | -7.21M | -3.12M | -516.23K | -481.46K | Investing Cash Flow |
-120.16M | -91.67M | -27.69M | -7.40M | -760.54K | -375.45K | Financing Cash Flow |
74.84M | 124.12M | 79.93M | 22.07M | 1.17M | 414.36K |
Patriot Battery Metals Inc. has confirmed a significant high-grade cesium discovery at its Shaakichiuwaanaan Property, potentially adding a valuable by-product to its world-class lithium project. The discovery, characterized by wide and well-mineralized drill intercepts, underscores the property’s potential as a top LCT pegmatite asset globally. This cesium find could enhance stakeholder value and complement the company’s core lithium operations, given cesium’s rarity and strategic importance in global markets.
Spark’s Take on AU:PMT Stock
According to Spark, TipRanks’ AI Analyst, AU:PMT is a Underperform.
Patriot Battery Metals Inc. presents a high-risk, high-reward profile typical of early-stage mining ventures. The substantial financial challenges due to zero revenue and ongoing losses are offset by a strong balance sheet and exciting strategic developments, including significant discoveries and strategic partnerships. While technical indicators suggest potential short-term momentum, the overall outlook remains cautious due to negative financial metrics and speculative valuation.
To see Spark’s full report on AU:PMT stock, click here.
Patriot Battery Metals Inc. announced the discovery of a new spodumene pegmatite cluster, named CV15, at its Shaakichiuwaanaan Property in Quebec. This discovery, part of the 2024 surface exploration campaign, extends the Mickel Trend to approximately 5.5 km and highlights the significant exploration potential of the property. The discovery includes high-grade lithium assays and suggests further opportunities for resource expansion, strengthening the company’s position in the lithium mining sector.
Patriot Battery Metals Inc. has provided an update on the progress of its Feasibility Study (FS) for the Shaakichiuwaanaan Property, targeting completion by September 2025. The FS is aligned with the previously published Preliminary Economic Assessment, focusing on Dense Media Separation processing and staged production growth. The company’s strong cash position, bolstered by a strategic investment from Volkswagen/PowerCo, supports ongoing project development and environmental approvals. This progress underscores the project’s strategic importance in North America’s lithium development landscape.
Patriot Battery Metals Inc. has finalized a strategic investment of C$69 million from Volkswagen Group, marking VW’s acquisition of a 9.9% stake in the company. This investment will fund the exploration and development of the Shaakichiuwaanaan Lithium Project. The deal includes a 10-year offtake agreement for supplying 100,000 tonnes of spodumene concentrate annually to Volkswagen’s battery subsidiary, PowerCo SE. This partnership enhances Patriot’s position in the lithium market and aligns with the rising demand for lithium, while also strengthening their strategic relationship with Volkswagen to explore future development opportunities.