American Marconi Wireless News - Patriot Critical Minerals Joins U.S. Defense Industrial Base Consortium

The DIBC mission encompasses strategic and critical materials-such as tungsten, rare earth elements (REEs), and mineral extraction and refining. It supports projects aimed at strengthening domestic supply chains, reducing reliance on foreign sources, and integrating critical minerals into defense-relevant manufacturing.

DIBC members focus on identifying, developing, and testing cutting-edge capabilities at the speed of innovation. As a member of the DIBC, Patriot joins a broad network of traditional and non-traditional defense contractors, research institutions, and federal agencies. Through the initiative, Patriot is able to participate in federally funded research, prototyping, and production opportunities in areas critical to national defense including critical materials.

"We are honored to join the DIBC, a key initiative supporting the DoD's efforts to strengthen domestic industrial and defense capabilities," said Brodie Sutherland, President & CEO of Patriot Critical Minerals. "This membership underscores our commitment to advancing secure and sustainable critical mineral supply chains in the U.S through our MEGA Project, a front-runner in the resurgence of American tungsten production. Through collaboration with the DIBC and its members, we aim to accelerate our production timeline, ensuring that our nation maintains reliable access to the materials vital for defense, aerospace, semiconductors, and clean-energy technologies."

About Patriot Critical Minerals

Patriot Critical Minerals is a U.S.-based critical-minerals developer advancing the 100 %-owned MEGA Tungsten Project in Nevada. With a mission to strengthen America's industrial and defense independence, Patriot is building a domestic tungsten supply chain aligned with U.S. national-interest objectives and global clean-energy priorities.

For further information, please contact:

Jeremy Ross, VP Corporate Development
[email protected]
+1 (604) 537-7556

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Qualified Persons

Brodie Sutherland, P.Geo., is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed and approved the technical aspects of this news release. Mr. Sutherland is the Chief Executive Officer of the Company.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward‐looking statements and forward‐looking information (collectively, "forward‐looking statements") within the meaning of applicable Canadian legislation. Forward‐looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved.

All statements in this news release that are not purely historical are forward‐looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Specifically, the forward-looking statements include: that the MEGA tungsten project has geological potential and will reach production; that the mineral resource estimates on the MEGA tungsten project will be realized; that Patriot is uniquely positioned to become one of the only tungsten producers in the United States; Patriot's positioning to deliver a secure, domestic source of tungsten; the strategic value of tungsten to the United States; the market prospects and price stability of tungsten; the Company's plans to advance the MEGA tungsten project, including filing a NI 43-101 technical report and engaging with the U.S. government to align development timelines with critical mineral funding programs, stockpiling strategies, and defense procurement priorities; the Company's planned position to be a supplier of choice in the tungsten market; and the Company's vision to become the go-to name for tungsten. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. In making the forward‐looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will support the viability of critical mineral resource exploration, the availability of the financing required for the Company to carry out its planned future activities, the availability of and the ability to retain and attract qualified personnel, and the receipt of all necessary regulatory approvals. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of minerals, changes in the financial markets and in the demand for minerals, changes in laws, regulations and policies affecting the mineral exploration industry, as well as additional risks that cannot be anticipated at this time. Ongoing labor shortages, inflationary pressures, rising interest rates, the global financial and geopolitical climate, and the conflicts in Ukraine and Palestine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company's operating performance, financial position, and future prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward‐looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward‐looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward‐looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE: Patriot Critical Minerals

View the original press release on ACCESS Newswire

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