Hamza Z.’s Post

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

Africa has significant opportunities in battery manufacturing, driven by our vast reserves of key minerals, growing renewable energy demand, and a global shift toward green technologies. We are rich in critical raw materials essential for battery production:, i.e., Cobalt, Lithium, Mangaganese and Nikel. If we can harness these efficientlly through sustainable and ethical mining practices positions we can be a. critical player in the battery value chain. The demand for batteries is poised to grow exponentially and Africa should exploit this and not only mine but beneficiate these minerals. It is high time that African countries collaborate through initiatives like the African Continental Free Trade Area to create regional supply chains and monopolies to boost intra-African trade in battery-related industries and build generational wealth and African oligopolities. The time is now. 👍🏻

Lithium Americas Corp. and General Motors have finalized a joint venture to develop the Thacker Pass lithium mine in Nevada, a critical step for EV battery production. Announced in October, GM's $625 million investment secures a 38% stake in the project. Thacker Pass, backed by a $2.26 billion U.S. loan, is expected to produce 40,000 metric tons of lithium carbonate annually, supporting the production of up to 800,000 electric vehicles.  The joint venture marks a significant milestone in domestic lithium production, addressing the surging demand for battery materials driven by the global transition to electric mobility. GM’s investment will fund project development, with Lithium Americas’ CEO Jonathan Evans stating a final investment decision is expected by early 2025.  Thacker Pass was initially approved during Donald Trump’s administration and received further momentum under Biden’s $2.26 billion loan program to bolster the U.S. clean energy supply chain. Scheduled to commence operations later this decade, its first phase will significantly reduce reliance on foreign lithium sources while supporting U.S. electric vehicle production.  The mine's anticipated output of battery-grade lithium carbonate underscores its strategic importance. As automakers increasingly localize EV production, Thacker Pass positions Nevada as a key player in the global lithium market.  https://lnkd.in/dXjVUMTN #automotiveindustry #electricvehicles #batteries #china #europe #USA Tesla BYD MG Motor Europe

Patriot Battery Metals Inc. announces that it has entered into a subscription agreement with Germany’s largest car manufacturer, Volkswagen, providing for the issue and sale to Volkswagen of 15,557,500 Common Shares at a price of C$4.42 per share, for aggregate gross proceeds of approximately C$69 million to be paid on closing in U.S. Dollars in the amount of US$48 million.     https://lnkd.in/g-mpTabv This investment is consistent with our long-term strategy for Patriot to become a global lithium leader and a key supplier of lithium raw materials to the emerging North American and European battery materials supply chains.” Province of Saskatchewan Volkswagen Group Volkswagen Patriot Battery Metals #Lithium #EV #Storage     Partnership – Energy Management - https://lnkd.in/ggpchVU9

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/ecTDxCrj #BatteryMetals #EVs #StrategicPartnerships #Lithium #Sustainability

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

🚗🔋 Lithium Americas and GM forge a pivotal partnership for EV battery production Lithium Americas has officially finalized its joint venture with General Motors (GM) to develop the Thacker Pass lithium mine in Nevada—a key step toward boosting domestic lithium production for electric vehicles (EVs). Key Highlights: • GM’s $625M investment secures a 38% stake in the project. • Thacker Pass is set to become one of the largest lithium mines in the U.S., producing 40,000 metric tons of battery-grade lithium carbonate annually—enough to power up to 800,000 EVs per year. • Backed by bipartisan support, the project also received a $2.26B loan from the U.S. government to advance development. For GM, this move strengthens its domestic supply chain and reduces dependence on foreign lithium sources as the race to meet EV production goals heats up. With construction ramping up and production set to begin later this decade, Thacker Pass is shaping up to be a cornerstone of North America’s EV future. #EVRevolution #LithiumMining #Sustainability #AutomotiveIndustry #Innovation

Europe appears to be gradually embracing the lithium iron phosphate (LFP) chemistry as carmakers rework their cost sheets to become more competitive. The approach also helps in de-risking the dependency on lithium-ion nickel cobalt manganese (NCM) batteries in the future. Building on their MoU, signed a year ago, Stellantis - CATL partner to set up an equal battery-focused JV in Spain. The JV will build a 50GWh gigafactory, with plans to scale up LFP battery production in a phased manner. This partnership will further deepen CATL's presence in #Europe as the company already operates battery facilities in #Germany and #Hungary. Overall, a good news for Europe and the local automotive ecosystem. Read our briefing here at S&P Global Mobility #LFP #lithiumion #batterysupplychain #battery #electricvehicles #Stellantis #CATL #NCMbattery #lithiumironphosphate #batterystrategy #electrification #electricmobility #automotive

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.

PowerCo has formed a strategic partnership with Patriot Battery Metals to secure a long-term lithium supply. The agreement includes an annual supply of 100,000 tonnes of spodumene concentrate over ten years from the Shaakichiuwaanaan project, a premier lithium deposit in the Americas. This partnership aims to support PowerCo's cell factories in Europe and North America, bolstering its role in the global EV supply chain.  Spodumene concentrate, a vital material for lithium-ion batteries, will be utilized in PowerCo’s production facilities, including its upcoming factory in St. Thomas, Canada, which will have a 90 GWh capacity at full scale. This agreement ensures a steady supply of raw materials critical to advancing cutting-edge battery technology and sustainable e-mobility solutions.  Volkswagen Group’s commitment reflects its broader strategy of building a dedicated e-mobility ecosystem in North America. Thomas Schmall, Volkswagen Group Board Member for Technology, emphasized the importance of securing resources for innovative and sustainable battery solutions, reinforcing their North American operations.  Jörg Teichmann, PowerCo’s Chief Procurement Officer, highlighted the deal as a step toward establishing a resilient battery supply chain in North America, ensuring a sustainable and robust industry aligned with the needs of the EV ecosystem in Europe and beyond.  The partnership includes PowerCo’s support for developing the Shaakichiuwaanaan project, one of the largest lithium pegmatite deposits globally, underlining Patriot Battery Metals' significant role in the future EV industry. CEO Ken Brinsden underscored the collaboration as recognition of the project’s world-class status and its critical contribution to the burgeoning EV supply chain.  https://lnkd.in/deHrFnVn #automotiveindustry #electricvehicles #china #europe #canada Tesla BYD MG Motor Europe