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Patriot Battery Metals Announces Closing Of C$50M Financing

PRIVATEMar 20, 2023

Amount Raised

C$50 Million

Round Type

Funding Round

Quebec CityOtherManufacturingEnergyMiningMineral

Description

Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to advise that, further to its news release issued on March 15, 2023 (Vancouver, BC, Canada) / March 16, 2023 (Sydney, Australia), it has successfully completed the Flow Through Raising of approximately 2.215 million Flow Through Shares in the capital of the Company at a price of C$22.57 per share to institutional, professional and sophisticated investors for gross proceeds of approximately C$50M. Capitalized terms in this news release not otherwise defined have the meaning provided in the news release of March 15, 2023

Quick answer

Patriot Battery Metals Inc. raised C$50 Million in a Funding Round round, dated March 20, 2023. Patriot Battery Metals Inc. is based in Quebec City, Quebec, Canada.

How much did Patriot Battery Metals Inc. raise?
Patriot Battery Metals Inc. raised C$50 Million in a Funding Round round on March 20, 2023.
What does Patriot Battery Metals Inc. do?
Patriot Battery Metals Inc. is a mineral exploration company focused on the development of the North American and European lithium supply chains.
Where is Patriot Battery Metals Inc. based and how big is it?
Patriot Battery Metals Inc. is based in Quebec City, Quebec, Canada.
Who are the decision-makers at Patriot Battery Metals Inc?
Fundz holds 1 contact at Patriot Battery Metals Inc., including the Executive Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Mining around the same time

Companies in the same sectors as Patriot Battery Metals Inc. that raised within 45 days of this round, from Fundz verified event records.

  • Silver Spruce Resources raised $304K (Seed) on March 28, 2023.
  • pH7 Technologies raised an undisclosed amount (Funding Round) on March 27, 2023.
  • Pampa Metals raised $18K (Pre-Seed) on March 2, 2023.
  • Lion Copper Corp. raised $1.3M (Seed) on March 2, 2023.
  • Canada Nickel Company raised $24M on February 8, 2023.
  • Enverid Systems, Inc. raised $14M on May 4, 2023.

Who to call at Patriot Battery Metals Inc., and when

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Company Information

Company

Patriot Battery Metals Inc.

Location

838 W HASTINGS STREET

Quebec City, Quebec, Canada

About

Patriot Battery Metals Inc. is a mineral exploration company focused on the development of the North American and European lithium supply chains. The company is committed to the rapid progress of its Corvette Project, aiming to contribute to the future development of lithium raw materials and chemicals supply chain.

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Related People

1 contact
Verified contactsKelly P., Executive Officer hiddenSee plans and pricing
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Patriot Battery Metals Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.