Brief: Patriot Battery Metals Says Volkswagen Finance Luxemburg S.A. Will Buy 9.9% Of Patriot's Issued & Outstanding Shares

PMET Resources

18/12/2024 08:02

Dec 18 (Reuters) - Patriot Battery Metals Inc  PMET.TO :
    * VOLKSWAGEN FINANCE LUXEMBURG S.A. WILL INVEST C$69 MILLION
TO
ACQUIRE 9.9% OF PATRIOT'S ISSUED AND OUTSTANDING COMMON SHARES
    * BINDING OFFTAKE COMMITMENT WITH POWERCO TO SUPPLY 100,000
TONNES
OF SPODUMENE CONCENTRATE PER YEAR OVER 10-YEAR TERM
    * VOLKSWAGEN MAY CONTRIBUTE ADDITIONAL FINANCING TO SUPPORT
THE
SHAAKICHIUWAANAAN  PROJECT


Further company coverage:  PMET.TO 

 ((Reuters.Briefs@thomsonreuters.com;))