Patriot Battery Metals Inc. (TSX:PMET) signed Sale and Purchase Agreement to acquire JBN-57 Property from Azimut Exploration Inc. (TSXV:AZM) for CAD 1.6 million on May 2, 2024. As a part of consideration, Patriot Battery Metals Inc will pay cash payment of CAD 0.5 million and the issuance of 0.15 million shares of Patriot. Azimut will retain a 2.0% NSR royalty on the Property.

The transaction is subject to regulatory approval.