New Risk • May 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$199k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (117% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Significant insider selling over the past 3 months (AU$199k sold). Market cap is less than US$100m (AU$30.2m market cap, or US$21.5m). Duyuru • May 08
Patriot Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million. Patriot Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Duyuru • Apr 09
Patriot Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.1528 million. Patriot Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.1528 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,056,000
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Shareholders have been substantially diluted in the past year (117% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$12.4m market cap, or US$8.64m). Duyuru • Dec 12
Patriot Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4.25 million. Patriot Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.0475
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 49,473,684
Price\Range: AUD 0.0475
Transaction Features: Subsequent Direct Listing New Risk • Oct 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.91m market cap, or US$5.88m). Duyuru • Oct 01
Patriot Resources Limited, Annual General Meeting, Nov 20, 2025 Patriot Resources Limited, Annual General Meeting, Nov 20, 2025. New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.61m market cap, or US$3.66m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Duyuru • Jul 09
Patriot Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.496269 million. Patriot Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.496269 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 36,604,490
Price\Range: AUD 0.06
Security Features: Attached Options
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 0.06
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Jul 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.24m market cap, or US$6.03m). New Risk • Jun 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$10.2m market cap, or US$6.65m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Duyuru • May 26
Patriot Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.196269 million. Patriot Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.196269 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 36,604,490
Price\Range: AUD 0.06
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Jan 18
Executive Chairperson & CEO recently bought AU$59k worth of stock On the 17th of January, Hugh Warner bought around 1m shares on-market at roughly AU$0.047 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hugh has been a buyer over the last 12 months, purchasing a net total of AU$285k worth in shares. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.2m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.70m market cap, or US$4.17m). New Risk • Dec 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.2m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.19m market cap, or US$3.93m). Minor Risk Shareholders have been diluted in the past year (38% increase in shares outstanding). Duyuru • Nov 08
Rapid Lithium Limited (ASX:RLL) agreed to acquire New Energy Metals (US) Inc. from Patriot Lithium Limited (ASX:PAT) for approximately $0.4 million. Rapid Lithium Limited (ASX:RLL) has signed a binding agreement to acquire New Energy Metals (US) Inc. from Patriot Lithium Limited (ASX:PAT) for approximately $0.4 million on November 7, 2024. The deal is subject to approval from the Rapid Lithium Limited (ASX:RLL) shareholders, regulatory approvals, third party approval and due diligence requirements. The consideration for the transaction is 59.3 million of fully paid ordinary shares in Rapid Lithium, that will be subject to voluntary escrow restrictions for a period of 12 months from their date of issue. Duyuru • Oct 02
Patriot Lithium Limited, Annual General Meeting, Nov 28, 2024 Patriot Lithium Limited, Annual General Meeting, Nov 28, 2024. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$4.42m market cap, or US$3.07m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (46% increase in shares outstanding). Duyuru • May 01
Patriot Lithium Limited has completed a Follow-on Equity Offering in the amount of AUD 2.53975 million. Patriot Lithium Limited has completed a Follow-on Equity Offering in the amount of AUD 2.53975 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,138,657
Price\Range: AUD 0.075
Discount Per Security: AUD 0.0045
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,724,676
Price\Range: AUD 0.075
Discount Per Security: AUD 0.0045
Transaction Features: Subsequent Direct Listing Duyuru • Jan 25
Patriot Lithium Limited, Annual General Meeting, Feb 28, 2024 Patriot Lithium Limited, Annual General Meeting, Feb 28, 2024, at 10:30 W. Australia Standard Time. Location: Suite 6 245 Churchill Avenue Subiaco Western Australia Australia Agenda: To consider ratification of prior issue of shares to gold canyon resource inc and guyana frontier mining corp; and to consider ratification of prior issue of shares to beyond lithium inc. Duyuru • Jan 23
Patriot Lithium Limited (ASX:PAT) acquired Borland Claims located in Ontario, Canada from Beyond Lithium Inc. Patriot Lithium Limited (ASX:PAT) agreed to acquire Borland Claims located in Ontario, Canada from Beyond Lithium Inc. (CNSX:BY) for CAD 2.7 million on January 10, 2024. The company will issue to beyond 1,100,000 fully paid ordinary shares of the company. Additionally, subject to closing occurring the company shall pay beyond a payment of CAD 2.5 million for an initial mineral resource estimate filed or announced by the company declaring any JORC-, N1 41-101- or SK-1300-compliant deposits or orebodies which is exclusively contained in any part of the borland claims exceeding twenty million (20,000,000) metric tonnes of contained Li2O with an average grade equal to 1.0% Li2 O or greater. The completion is subjected to customary due diligence investigations and the purchaser obtaining all necessary security holder approvals to issue the purchase price shares. The transaction is expected to close on or before 19 January 2024, extendable to 31 January 2024.Patriot Lithium Limited (ASX:PAT) completed the acquisition of Borland Claims located in Ontario, Canada from Beyond Lithium Inc. (CNSX:BY) on January 23, 2024. Recent Insider Transactions • Nov 10
Non- Executive Chairman recently bought AU$78k worth of stock On the 9th of November, Hugh Warner bought around 371k shares on-market at roughly AU$0.21 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Hugh's only on-market trade for the last 12 months. Duyuru • Oct 11
Patriot Lithium Limited, Annual General Meeting, Nov 28, 2023 Patriot Lithium Limited, Annual General Meeting, Nov 28, 2023. New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$17.8m market cap, or US$11.6m). Board Change • Apr 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Joint Company Secretary & Independent Non-Executive Director Matt Worner was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Feb 09
Patriot Lithium Limited Reports Initial Results of Field Reconnaissance Site Visit At the Company's 100% Owned Wickenburg Project in Arizona, USA Patriot Lithium Limited reported initial results of a field reconnaissance site visit at the Company's 100% owned Wickenburg Project in Arizona, USA. As part of the Company's systematic exploration approach, a reconnaissance site visit has been conducted at Wickenburg to follow up on an extensive desktop review. The purpose of the visit was to verify surface expressions of pegmatites previously identified and reported in historical data sets. Field inspection of the Dove priority target has revealed two LCT pegmatites with widespread, visually identified spodumene mineralization. At the Dove target, which has been described by previous workers 1 as an "extensive pegmatite dyke" with spodumene and lepidolite, PAT's reconnaissance site visit has uncovered and verified the presence of a LCT pegmatite system with massive spodumene zones. The Dove pegmatites contain spodumene, including pink kunzite, lepidolite, green beryl and dark green tourmaline. The presence of these gem varieties potentially indicates a spodumene-rich pegmatite system. Dove contains several pegmatites that can be traced along strike for at least ~165m at the Dove West pegmatite and ~250m at Dove East. The pegmatites are trending subparallel but are separated by ~150m. The apparent maximum width of the individual pegmatites is ~10m. The Mammoth pegmatite, which is located ~500m to the north of Dove, is poorly exposed but its intermittent surface expressions can be traced along strike for ~300m. Field reconnaissance at Mammoth identified dark green tourmaline, which has also been recorded at nearby Dove. Further work, including mapping and sampling, will be required to evaluate the potential for spodumene mineralisation at Mammoth. The information collected from this reconnaissance site visit will be synthesised by Patriot to further the evaluation of all data across the Wickenburg Project and plan for drill testing. Detailed mapping and sampling of the Dove pegmatite system, among other targets within the Wickenburg Project, has commenced as a precursor to developing a drilling program. As the winter snow melts, the Company will turn its attention to the Keystone and Tinton West Projects in the Black Hills of South Dakota and Wyoming, as well as the Gorman, Birkett and Forester Projects in northwest Ontario. The Patriot exploration team has a long history of successful exploration using this systematic approach and remain excited about the lithium potential across all the project areas. As at Wickenburg, field work in the Black Hills and Ontario greenstone belts will initially focus on mapping and geochemical surface sampling as well as geophysics to determine priority drill targets. Duyuru • Jan 10
Patriot Lithium Limited (ASX:PAT) acquired three lithium prospective land packages in Ontario. Patriot Lithium Limited (ASX:PAT) acquired three lithium prospective land packages in Ontario on January 9, 2023.Patriot Lithium Limited (ASX:PAT) completed the acquisition of three lithium prospective land packages in Ontario on January 9, 2023. Duyuru • Dec 13
Patriot Lithium Limited, Annual General Meeting, Dec 13, 2022 Patriot Lithium Limited, Annual General Meeting, Dec 13, 2022. Agenda: To consider Election of Director Matthew Worner; and to consider Re-Election of Director Philip Thick; and to consider Appointment of Auditor at First AGM. Duyuru • Dec 07
Patriot Lithium Limited has completed an IPO in the amount of AUD 10 million. Patriot Lithium Limited has completed an IPO in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012 