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Volkswagen Backs Patriot Battery Metals with $69M to Fuel Lithium Project Growth
7:53am on Monday 2nd of June, 2025 AEST
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Mining
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Volkswagen Backs Patriot Battery Metals with $69M to Fuel Lithium Project Growth
7:53am on Monday 2nd of June, 2025 AEST
Key Points
Q3 net loss of $2.23 million; nine-month loss of $5.60 million
Completed over 128,000 meters of drilling in 2024 at Shaakichiuwaanaan Project
Shaakichiuwaanaan hosts largest lithium pegmatite resource in the Americas
Volkswagen invested $69 million for 9.9% stake and secured 10-year offtake agreement
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