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Patriot Battery Metals Inc ( (TSE:PMET) ) has shared an update.
PMET Resources Inc. has successfully produced a marketable tantalite concentrate from the CV5 Pegmatite’s waste streams, highlighting the potential for tantalum as a valuable by-product alongside lithium production. This development could enhance the economic returns of the Shaakichiuwaanaan Project, as the company prepares to incorporate tantalum recovery into its operations, complementing the ongoing lithium feasibility study.
The most recent analyst rating on (TSE:PMET) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Patriot Battery Metals Inc stock, see the TSE:PMET Stock Forecast page.
Spark’s Take on TSE:PMET Stock
According to Spark, TipRanks’ AI Analyst, TSE:PMET is a Underperform.
Patriot Battery Metals Inc. faces significant financial challenges with zero revenue and ongoing losses, leading to a below-average financial performance score. While corporate developments in lithium and cesium projects offer future growth potential, current technical indicators and speculative valuation suggest caution. The stock’s overall score reflects these risks and opportunities.
To see Spark’s full report on TSE:PMET stock, click here.
More about Patriot Battery Metals Inc
PMET Resources Inc. operates in the mining industry, focusing on the extraction and processing of lithium and tantalum from its Shaakichiuwaanaan Project in Quebec, Canada. The company is engaged in developing its CV5 Pegmatite, which is part of a larger mineral resource known for its lithium, cesium, and tantalum deposits.
Average Trading Volume: 213,810
Technical Sentiment Signal: Hold
Current Market Cap: C$652.3M
Find detailed analytics on PMET stock on TipRanks’ Stock Analysis page.