Patriot Achieves Further Permitting Progress at the Shaakichiuwaanaan Lithium Project

Executive Summary

• Federal permitting process for the Shaakichiuwaanaan Lithium Project is on schedule, with the IAAC publishing Tailored Impact Statement Guidelines and a detailed Permitting Plan.
• Provincial ESIA submission is targeted for late 2025; federal application will follow shortly thereafter, leveraging three years of baseline environmental data and extensive community consultations.
• The progress aligns with the company’s previously disclosed mine‑authorization timeline, supporting continued advancement toward mine development.

Key Details

• Federal impact assessment planning phase completed; IAAC issued Tailored Impact Statement Guidelines, Permitting Plan, Cooperation Plan, Indigenous Engagement and Participation Plan, and Public Participation Plan (August 2025).
• Initial Project Description submitted to IAAC in February 2025 to formally start the federal permitting process.
• Provincial ESIA submissions remain on‑track for late 2025; federal ESIA submission will occur shortly after the provincial filing.
• Over three years of environmental baseline studies and community consultations underpin both federal and provincial assessments.
• Project location: CV5 Spodumene Pegmatite, Eeyou Istchee James Bay region, Quebec – accessible year‑round via all‑season road, ~14 km from major hydroelectric powerline corridor.
• CEO Kenneth Brinsden highlighted constructive engagement with Cree, provincial and federal authorities and the importance of minimizing duplication between federal and provincial assessments.
• Qualified Person for technical content: Darren L. Smith, M.Sc., P.Geo., VP Exploration (also a shareholder).

Notable Quotes

“Within the approvals process to‑date, engagement with both the Cree, provincial and federal authorities has been constructive and timely… Moving the project from discovery … to the upcoming mine authorization process in less than 4 years is a remarkable achievement.” – Ken Brinsden, President & CEO

Materiality Assessment: Non‑Material – Positive (operational progress update without immediate financial impact).