Patriot Battery Metals Enters Subscription Agreement With Respect To A Private Placement Of ~C$109M By Albemarle
Portfolio Pulse from Benzinga Newsdesk
Patriot Battery Metals has entered into a subscription agreement for a private placement of approximately C$109M by Albemarle Corporation.
August 01, 2023 | 5:43 am
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Albemarle Corporation has entered into a subscription agreement with Patriot Battery Metals for a private placement of approximately C$109M.
Albemarle's investment in Patriot Battery Metals is a significant move, but it's unclear how this will directly impact ALB's stock in the short term. It could potentially enhance Albemarle's position in the battery metals market, but the immediate financial impact is uncertain.
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