Brief: Patriot Battery Metals Says Volkswagen To Own 9.9% Of Patriot's Common Shares

PMET Resources

18/12/2024 09:21

Dec 18 (Reuters) - Patriot Battery Metals Inc  PMET.TO :
    * C$69 MILLION¹ INVESTMENT, OFFTAKE AND STRATEGIC
PARTNERSHIP WITH
VOLKSWAGEN AND POWERCO TO PROPEL PATRIOT BATTERY METALS TOWARDS
PRODUCTION
    * PATRIOT BATTERY METALS INC - SUBSCRIPTION PRICE OF C$4.42
PER
SHARE
    * PATRIOT BATTERY METALS INC - BINDING OFFTAKE COMMITMENT TO
SUPPLY 100,000 TONNES OF SPODUMENE CONCENTRATE PER YEAR
    * PATRIOT BATTERY METALS INC - OFFTAKE TO SUPPLY POWERCO'S
CELL
PRODUCTION IN EUROPE AND NORTH AMERICA
    * PATRIOT BATTERY METALS INC - VOLKSWAGEN TO OWN 9.9% OF
PATRIOT'S
COMMON SHARES
    * PATRIOT BATTERY METALS INC - PROCEEDS TO BE USED FOR
SHAACHIKIUWAANAAN PROJECT AND WORKING CAPITAL

Source text:  ID:nCNWNWQKNa 
Further company coverage:  PMET.TO 

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