Patriot Battery Metals (TSXV: PMET) is set to move to the big leagues, announcing this morning that it will be leaving the TSX Venture in favor of the larger Toronto Stock Exchange.
The move, which is set to occur February 1, 2024, was conducted by the company as a means of accessing further institutional capital and investors, with an eye to improving liquidity as well.
“The scale emerging at our Corvette Project, presentation of the Project Description to the CREE and Quebec government, combined with Patriot being one of the very few lithium companies to graduate to the TSX demonstrates our maturing profile,” commented CEO Ken Brinsden.
The company will maintain its current symbol of “PMET” in connection with the move, and no action is required of shareholders.
READ: Patriot Battery Metals Appoints Ken Brinsden, Ex-Pilbara CEO, As Chief Executive Officer
The move follows the company late last week conducting a management shakeup, which saw CEO Blair Way move into the role of COO, while Ken Brindsen, former CEO of Pilbara Minerals, moved in to head the company.
Patriot Battery Metals last traded at $7.25 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
