Patriot Battery Metals Inc. (OTCMKTS:RGDCF) jumped 10% and 50% in a week after announcing the mobilization of the drill rig to start the inaugural drill program at its Corvette-FCI Property situated in James Bay Region, Quebec.
The program focuses on CV5-6 Spodumene Pegmatites, which is part of the almost 25 km CV Lithium Trend and the core area of over 10 kmMaven Copper-Gold-Silver Trend stretch. Notably, the drill program is the initial drill testing by the company along with the trends and also its first drill on the property. The program comprises 15-20 drill holes for around 2,000 m of NQ size scoring.
The company’s Director and president Blair Way said that with the mobilization of the drill rig, the company is hitting its next milestone for the advancement of property to gain an enhanced understanding of the two copper and lithium trends. Way said that the work takes the company a step closer to attaining 50% FCI claims groups ownership under the O3 Mining Inc. Agreement. Investors should watch RGDCF.
Market Reaction:
On Monday, RGDCF stock surged 10% at $0.45 with more than 398k shares, compared to its average volume of 28K shares. The stock has moved within a range of $0.4080 – 0.5060 after opening the trade at $0.4557.
