Kurt Kelty’s Post

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

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

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

Patriot Battery Metals Secures $69 Million Strategic Investment from Volkswagen Vancouver-based Patriot Battery Metals has entered a subscription agreement with German automotive giant Volkswagen for the sale of 15.58 million shares at C$4.42 each, raising C$69 million in total proceeds. Upon completion, Volkswagen will hold a 9.9% stake in Patriot. The funds will support exploration, development, and the completion of a feasibility study for Patriot’s Shaakichiuwaanaan project in Quebec. Additionally, the proceeds will be allocated to general corporate purposes and working capital. As part of the agreement, Patriot will finalize a binding offtake term sheet with PowerCo, Volkswagen’s... Read more on the link below https://lnkd.in/ghkcBSQD

GM's $330M delay in Nevada's Thacker Pass lithium project highlights market adaptability challenges. The delay impacts EV battery production and might affect lithium pricing. GM is adjusting to market and contract shifts, emphasizing flexibility in its EV strategy. #GeneralMotors, #ThackerPass, #LithiumMining, #ElectricVehicles, #Sustainability, #MarketTrends, #InvestmentStrategy, #AutomotiveIndustry, #BatteryProduction, #EnergyTransition

Volkswagen is securing its future lithium supply chain by partnering and investing in the North American market. The acquired stake represents a 65% and 35% premium to the 30-day and 90-day volume-weighted average prices, respectively “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” #Volkswagen #PowerCo #Patriot Battery Metals #EVsupplychain

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.

The recent bankruptcy of Northvolt, once a cornerstone of Europe’s EV battery ambitions, offers a sobering lesson in the challenges of building a resilient, self-reliant battery industry. As Indonesia accelerates its efforts to become a global EV battery hub, what can we learn from Northvolt’s fall? In this article, I delve into the critical insights for aligning production with market demand, diversifying customer bases, and balancing investments in Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate (LFP) technologies. Also debunking the public myth that NMC battery doesnot need lithium material, which is completely wrong. Explore how Indonesia can navigate these complexities and position itself as a leader in the global EV ecosystem. Read the full article here: https://lnkd.in/g4MF__xX

General Motors finalizes $625M stake in Nevada Thacker Pass lithium mine Lithium Americas Corp. has officially finalized its joint venture agreement with General Motors (GM) to develop the Thacker Pass lithium mine in Nevada. This partnership aims to enhance domestic lithium production, which is an essential resource for electric vehicle (EV) batteries.