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Volkswagen Group and PowerCo make strategic investment in North American lithium company Patriot Battery Metals #EV #electricvehicles #electricmobility #zeroemissions #climateaction #investinourplanet #sustainability #greenmobility #cleanmobility #futuremobility #sustainable #electric #volkswagen #powerco #lithium https://lnkd.in/d9nj25pY

New Post: The Auto Magazine - PowerCo Make Strategic Investment in North American Lithium Company Patriot Battery Metals - https://lnkd.in/dctjeq49 PowerCo SE, Volkswagen Group’s battery company, and Patriot Battery Metals Inc. today announced they have entered into a strategic partnership. This is the first investment for PowerCo and Volkswagen in the lithium supply chain, underlining PowerCo’s ambition to execute on its vertical integration strategy – from mine to battery. The partnership ensures the long-term supply […]

Volkswagen Group acquires stake in Canadian lithium company for PowerCo The Volkswagen Group and its battery subsidiary PowerCo are investing directly in the lithium supply chain for the first time, buying a 9.9 per cent stake in Patriot Battery Metals for $48 million. The company plans to start industrial lithium production at its Shaakichiuwaanaan project in Quebec, Canada, soon.

Volkswagen Group tekee strategisen investoinnin kanadalaisen yhtiön litiumhankkeeseen Quebecissä: "The Volkswagen Group and its battery subsidiary PowerCo are investing directly in the lithium supply chain for the first time, buying a 9.9 per cent stake in Patriot Battery Metals for $48 million. The company plans to start industrial lithium production at its Shaakichiuwaanaan project in Quebec, Canada, soon. The investment in Patriot Battery Metals is not just a financial investment. It is a strategic partnership, as the deal also includes a long-term supply commitment to secure PowerCo’s lithium supply. The binding supply commitment covers 100,000 tonnes of spodumene concentrate per year for ten years, effective from the start of production at the Shaakichiuwaanaan project." #kriittisetmateriaalit #litium #volkswagen #investoinnit #offtake #supplycommitment #PatriotBatteryMetals #kanada https://lnkd.in/dzjwVREd

December's Battery Materials Review is just out and this month we're talking about possible US strategy in the sector under the Trump presidency. What policies will stay, what will go, and what will be the impact of tariffs? Subscribe to read more. https://lnkd.in/dwvQ2V2 Also in this issue: EcoPro BM company profile | The demise of Northvolt | The rush to redomicile abroad | Wildcat Resources maiden Tabba Tabba resource | Development Radar | All the global Expln & Devt news | Financing Round-Up | Battery Monitor | EVs now 9% of China's car fleet | ESS Round-up | EV sales are motoring | Lithium squeeze peters out | Artificial graphite continues to dominate in AAM | Macro: Off the bottom but where to from here? | Asset Allocation | Equities roundups Want to understand what's going on in Battery Materials? Subscribe to Battery Materials Review - the only publication which tracks all the battery materials in one place, on a monthly basis. #investing #mining #miningexploration #evs #ev #bevs #electricvehicles #lithium #graphite #cobalt #nickel #ree #vanadium #manganese #rawmaterials #batterymetals #lithiumionbatteries #energystorage #battery #batteries #anode #cathode #energytransition #supplychain #emobility

Volkswagen acquired a 9.9% stake in Patriot Battery Metals for US$48 million, securing a long-term supply of lithium concentrate to support PowerCo’s battery production in North America and Europe. This deal aligns with Volkswagen's efforts to establish a resilient, sustainable battery industry, helping to meet the growing demand for EVs.  More details on @Mexico Business News.  #MexicoMining #Lithium #EV #ESG https://lnkd.in/e7nJR2xv

Pivotal moment for PMET. Join us for the webinar and you can send me your questions in advance!

Today marks a very important day for us as a company. We are excited to share a major milestone in Patriot Battery Metals journey to becoming a global lithium leader. Today, we announced a C$69 million strategic investment from Volkswagen Group a key step in positioning the Shaakichiuwaanaan Lithium Project as a cornerstone of the North American and European EV battery supply chains. Key Highlights: Investment Details: Volkswagen Group, through Volkswagen Finance Luxemburg S.A., will acquire a 9.9% equity stake in Patriot at C$4.42 per share, representing a 65% and 35% premium to the 30-day and 90-day volume-weighted average price. Proceeds will be used to advance exploration, development, and feasibility studies for the Shaakichiuwaanaan Project. Long-Term Offtake Agreement: Binding commitment to supply 100,000 tonnes of spodumene concentrate annually over a 10-year term to Volkswagen's wholly-owned battery manufacturer, PowerCo SE. The offtake will serve PowerCo's cell production in Europe and North America, including its battery cell factory in St. Thomas, Canada, capable of producing batteries for over one million EVs annually. Strategic Partnership: A Memorandum of Understanding (MoU) with PowerCo to explore shared opportunities, including potential downstream chemical conversion facilities, midstream cost-reduction initiatives, and advancing ESG leadership. This landmark partnership validates the world-class nature of our Shaakichiuwaanaan Lithium Project and underscores the strategic importance of creating a sustainable and competitive battery supply chain. We are proud to welcome Volkswagen and PowerCo as long-term partners and look forward to advancing this collaboration to deliver value to our stakeholders. Furthermore, we will be hosting a Webinar at 8AM EST today, December 18th, with Ken Brinsden to discuss this very important milestone. Questions can be submitted in advance via email to ocazalapointe@patriotbatterymetals.com and please use the link below to register: https://lnkd.in/ew9pxhTn 📖 Learn more: https://lnkd.in/edQCHaxb #BatteryMetals #EVs #StrategicPartnerships #Lithium #Sustainability

"The US energy department has offered Novonix a conditional loan of $755mn to underwrite construction of a facility in Chattanooga, Tennessee, which will be the first large-scale synthetic graphite facility in North America when complete." Diversifying away from China and creating U.S. jobs won't happen without investment. #criticalminerals

BMI is working to strategically support Ontario's end-to-end EV battery supply chain with Niagara win and North-to-South Critical Mineral Corridor (CMC) development. On May 14th, 200 of BMI's 400-acre Port Colborne properties were acquired by Asahi Kasei, a Japanese company building Canada's first lithium-ion battery separator plant. Asahi Kasei's $1.6B investment substantially contributes to the development of Ontario's rapidly developing electric vehicle (EV) sector: - Honda's electric vehicle assembly and standalone EV battery manufacturing plant in Alliston, Ontario - Linamar's new gigacasting plant in Welland - GM's new EV drive-unit plant in St. Catharines - VW's solid-state battery gigafactory in St. Thomas - Rock Tech's selection of Red Rock for Ontario's first lithium refinery Prime Minister Justin Trudeau underscored Canada's #1 ranking in Bloomberg for lithium-ion battery supply chain capability and its significant standing in raw material production; #4 in the world for EV raw materials and a top 10 producer of nickel, cobalt, graphite, and aluminum. Victor Fedeli, Ontario’s Minister of Economic Development, welcomed this investment as a game changer to Canada's emerging EV Ecosystem. Highlighting the $43-billion investment in EV, Doug Ford applauded the end-to-end initiative. Asahi Kasei's president, Koshiro Kudo, noted that while initial raw materials will be imported, the company plans to source from Canada once its lithium mining and refining capabilities are developed. Locally, Asahi Kasei's investment marks the largest in Port Colborne in a century, promising job creation and regional economic benefits. Mayor Bill Steele and MP Vance Badawey highlighted the significant positive impacts for the Niagara Region. Japanese Ambassador Kanji Yamanouchi lauded this "victory of friendship," underscoring the collaborative spirit between Canada and Japan. BMI is working to strategically support Canada's burgeoning EV industry with its Niagara lands, the Thorold Multimodal hub's logistic capabilities, and the development of the CMC linking Northern Ontario from Red Rock to Southern Ontario in Niagara. These developments position Canada as a leader in electric vehicle battery technology and reinforces BMI's commitment to "Investing in Better." #EVSupplyChain #EVSector #CriticalMineralCorridor