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Patriot raises $15 million to drive Corvette

Patriot Battery Metals is raising C$20 million (US$15.08 million) through flow-through financing which is to be used towards continuing drilling at its flagship Corvette lithium property in the James Bay Region of Quebec, Canada.

Patriot raises $15 million to drive Corvette Patriot raises $15 million to drive Corvette Patriot raises $15 million to drive Corvette Patriot raises $15 million to drive Corvette Patriot raises $15 million to drive Corvette

Red Cloud Securities noted that the deal represented a 109% premium to the company’s trading price on 14 September of C$6.35 per share.

The proceeds are being raised through a subscription agreement with PearTree Securities that is to see the issuance of about 1.51 million shares at a price of C$13.27 per share.

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