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Volkswagen Invests C$69M to Secure Lithium Supply from Patriot Battery Metals
9:06am on Wednesday 22nd of January, 2025 AEDT
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Volkswagen Invests C$69M to Secure Lithium Supply from Patriot Battery Metals
9:06am on Wednesday 22nd of January, 2025 AEDT
Key Points
Volkswagen acquires 9.9% stake in Patriot Battery Metals via C$69 million investment
Funds allocated to exploration, development, and feasibility study of Shaakichiuwaanaan Lithium Project
10-year binding offtake agreement with PowerCo SE for 100,000 tonnes of spodumene concentrate annually
Strategic partnership includes collaboration on sustainable, ESG-compliant battery supply chain development
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