Pilbara Minerals is understood to have hired RBC Capital Markets’ resources bankers to weigh a tilt at dual-listed explorer Patriot Battery Metals, whose Corvette lithium project in Quebec is due to put out an initial mineral resource in July.
Pilbara Minerals boss Dale Henderson.
Sources said Patriot Battery Metals had its long-time adviser Macquarie Capital taking Pilbara through a data room. It’s understood discussions have centred on potential offtake agreements, joint ventures and equity investment.
There was no certainty that talks between the two parties would lead to a deal, whatever form it may take, sources said. Also, Pilbara wasn’t the only party in the data room, with other tyrekickers also considering Patriot’s claims to owning one the world’s highest-grade and largest hard-rock lithium projects under exploration.
Pilbara Minerals is understood to have hired RBC Capital...
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