Each one in plain English, with the numbers worked through for a shareholder.
20 Feb 2026capital raising announcement▲ GoodMajor
Both financings closed for about C$138m gross: ~C$65m of shares at C$5.66, ~C$7.7m more from a part-exercised over-allotment, and ~C$65m of flow-through shares at ~C$9.30. The board also formed a Technical Committee chaired by Aline Côté. Resolves the funding raised on 9 February.
Australian prospectus lodged 19 February for the flow-through shares: 6,992,255 shares (69,922,550 CDIs) at C$9.296 per share (C$0.9296 per CDI). It lets the shares be on-sold on ASX; it is the paperwork for the raising already announced.
What it means for a shareholder
7.0m new shares at C$9.30 to raise about C$65.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
10 Feb 2026capital raising announcement▲ GoodMajor
PMET launched up to C$130m of financings: a ~C$65m public offering at C$5.66 per share and a ~C$65m flow-through placement at C$9.30 (48% premium to last TSX price). Volkswagen (~9.553%) intends to join with up to ~C$14m. Funds an updated CV5 study including tantalum, and CV13 towards a preliminary economic assessment.
Volkswagen subscribed for 89,125 shares at C$4.03, about C$359,000, under its Investor Rights Agreement, for general corporate purposes. A small top-up; the text does not give its effect on VW's percentage holding. Pikwa shares had already been issued to Azimut and SOQUEM, suggesting that deal has closed (inference).
What it means for a shareholder
89,125 new shares at C$4.03 to raise about C$359,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The final C$250m base shelf prospectus received regulatory receipt, following the 11 July preliminary filing. The company again says it has no immediate plans to issue securities under it.
12 July 2024capital raising announcement● NeutralMajor
Patriot filed a preliminary Canadian base shelf prospectus allowing up to C$250m of securities over 25 months. No immediate plans to issue; management says the C$75m May raising leaves it well funded. Aligns TSX issues with ASX.
The C$75m flow-through placement closed: 5,159,959 shares at C$14.54, described as significantly oversubscribed. ASX settlement expected 4 June, when 46.07m new CDIs begin trading; 552,812 shares stay as shares under a four-month hold.
What it means for a shareholder
5.2m new shares at C$14.54 to raise about C$75.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Transaction-specific prospectus for the flow-through placement: up to 5,159,959 shares at C$14.535, of which 4,607,147 convert to 46.07m CDIs. It mainly removes trading restrictions on the CDIs; no new information beyond the 22 May raising.
What it means for a shareholder
5.2m new shares at C$14.54 to raise about C$75.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
22 May 2024capital raising announcement▲ GoodMajor
Patriot raised about C$75m via a flow-through placement of roughly 5.16m shares at C$14.54, a 51% premium to the 17 May TSX close. Funds are restricted to Corvette exploration from June 2024 to December 2025. Updated CV5 resource targeted late Q3 2024.
What it means for a shareholder
5.2m new shares at C$14.54 to raise about C$75.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The C$109m Albemarle placement has closed, as announced on 31 July. Albemarle holds about 6.4% of shares (4.9% fully diluted) and the investor rights agreement and non-binding MOU are now signed. Shares are restricted from resale for four months.
Albemarle agreed to buy 7,128,341 shares at C$15.29 (about C$109m), a 7% premium, for about 6.4% undiluted. Funds go to accelerating Corvette work. A non-binding MOU to study a downstream lithium hydroxide plant, with nine months' exclusivity, was also agreed.
What it means for a shareholder
7.1m new shares at C$15.29 to raise about C$109m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Transaction-specific prospectus for the flow-through placement: up to 2,215,134 shares (~22.15m CDIs) at C$22.572 per share (C$2.2572 per CDI). It lets the new CDIs be traded on ASX. Legal document; no new operational information.
What it means for a shareholder
22.1m new shares at C$22.57 to raise about C$500m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
The C$50m flow-through raising at C$22.57 per share is complete, with settlement expected 23 March 2023. Joint lead managers get a A$1,215,995.72 cash commission. Proceeds are for Corvette exploration, confirming the raising announced on 16 March.
16 Mar 2023capital raising announcement▲ GoodMajor
Firm commitments to raise about C$50m via charity flow-through shares at C$22.57, a 90% premium to the last TSX-V close. About 2.215m shares become ~22.15m CDIs; proceeds fund Corvette exploration. CEO says the company is funded well into 2024; CV5 resource now targeted June 2023.
What it means for a shareholder
2.2m new shares at about C$22.57 to raise about C$50.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.