Albemarle takes $109 million stake in Patriot Battery – Resource World Magazine – Nokturnal
Albemarle Corp. [ALB-NYSE], the U.S. specialty chemicals giant, is making a $109 million strategic investment in Patriot Battery Metals Inc. [PMET-CSE, PMETF-OTCQB, R9GA-FSE]. Under an agreement, Albemarle will subscribe for 7.12 million common shares of Patriot Battery Metals at $15.29 a share, a move that will leave the U.S. company with a 4.9% stake in … Read more