Albemarle invests C$109M in Patriot Battery Metals for lithium project

Albemarle Corporation will invest approximately C$109 million in Patriot Battery Metals via a private placement, acquiring a 4.9% stake to accelerate development of the Corvette Lithium Project.

“The proceeds from the Strategic Investment will be used to accelerate the development activities at the Company's Corvette Lithium Project and for general corporate purposes.”advfn.com

• 1 source
• advfn.comPatriot Battery Metals Announces a C$109 Million Strategic Investment and Memorandum of Understanding with Albemarle CorporationJul 31, 2023

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