Patriot Battery Metals (ASX:PMT) Shaakichiuwaanaan lithium project in Canada has the potential to become the world's fourth-largest hard rock lithium operation once fully ramped up, according to a Tuesday report by Euroz Hartleys.
On Tuesday, the company said the mineral resource estimate at the project has increased, with total contained lithium carbonate equivalent now standing at 3.75 million tonnes in the indicated category and 1.09 million tonnes in the inferred category.
The company also said it remains on track to deliver a maiden ore reserve and feasibility study for its CV5 Spodumene Pegmatite at the project in the third quarter of the year.
Euroz noted that the scarcity of high-quality, conventional lithium sources in North America underscored the project's strategic value to the continent's supply chain.
Euroz Hartley maintained Patriot Battery Metals' speculative buy rating and price target of AU$1.24.
Shares of the company fell 2% in recent Tuesday trade.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。