The Globe and Mail reports in its Thursday, Aug. 7, edition that BMO Capital Markets analyst Raj Ray resumed coverage on Patriot Battery Metals with an "outperform" recommendation and a $7 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $7.67. Mr. Ray says in a note: "Patriot has discovered the largest pegmatite resource in the Americas that we believe has the potential to become a cornerstone of Quebec's emerging lithium industry. Volkswagen made a strategic investment in the company in December, 2024, along with an offtake agreement between Patriot and Volkswagen's subsidiary, PowerCo. The endorsement from a major OEM validates the project's potential and bodes well for raising the necessary capital to achieve FID, in our view." The Globe reported on June 26, 2024, Nov. 5, 2024, Nov. 19, 2024, and Dec. 20, 2024, that National Bank Financial analyst Mohamed Sidibe had reaffirmed his "outperform" recommendation for Patriot Battery, which was then worth $5.28, $3.48, $2.51 and $3.52. The Globe reported on Jan. 17, 2025, that Stifel analyst Cole McGill continued to rate Patriot Battery "speculative buy." The shares could then be had for $3.49.