Patriot Battery Metals Inc. announced a non-brokered private placement of up to 6,000,000 units at a price of CAD 0.50 per unit for gross proceeds of up to CAD 3,000,000 on February 15, 2022. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of CAD 0.75 for a period of 36 months from the closing date.

There will be a voluntary hold period of twelve months on the units. Finder's fees may be payable in accordance with the policies of the Canadian Securities Exchange.