(Adds details from short-seller report and Patriot in paragraphs 2-5)
July 10 (Reuters) - Lithium miner Patriot Battery Metals PMET.V (PMT) on Monday refuted the claims made in a short-seller report by Night Market Research, stating that the report's assertions were "factually inaccurate and misleading."
In a report dated July 6, Night Market Research said it is shorting Patriot Battery Metals, attributing the company's stock price rally to promotion with marketing outlets which it underlined that other "Tier-1" developers would avoid.
"Patriot Battery Metals is a rare mining 'unicorn' – a lithium explorer ascending to a $2 billion valuation despite having acquired its core asset for $8 million only 16 months ago and lacking an established maiden resource," the report said.
Patriot has sought legal advice on the report and refutes the key conclusions made by Night Market Research, the company said in a statement.
The report has been published without consultation of the company or the opportunity for fact-checking, it added. (([email protected]; Twitter: https://twitter.com/damnit_saladin;))
News: PMT UPDATE 1-Lithium miner Patriot Battery Metals refutes claims in short-seller report
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
47.0¢ |
Change
-0.025(5.05%) |
Mkt cap ! $251.6M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.5¢ | 47.0¢ | $1.088M | 2.268M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 34858 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 19000 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| PMT (ASX) Chart |