If you missed our CEO Ken Brinsden hosting the webinar explaining the Volkswagen C$69M investment in Patriot, with explanations surrounding the offtake agreement and strategic partnership, you can watch the replay here: https://lnkd.in/eZeYDqUD
Volkswagen has taken a giant step forward in its electrification journey with a $48 million investment in Patriot Battery Metals, securing a 9.9% stake and 100,000 tonnes of spodumene concentrate annually for 10 years.
PowerCo, Volkswagen’s battery subsidiary, will leverage this supply for battery production across Europe and North America. This deal centers on Patriot’s Shaakichiuwaanaan project in Quebec, North America’s largest lithium pegmatite resource.
Thomas Schmall, Volkswagen Group board member for Technology, calls this “a milestone in our journey toward a fully electric future.” Ken Brinsden, President and CEO of Patriot Battery Metals, hails the partnership as “pivotal” for the North American EV supply chain.
With lithium demand skyrocketing, strategic moves like these are shaping the future of mobility and sustainability. What role will partnerships like this play in defining the EV market?
#Volkswagen#PatriotBatteryMetals#PowerCo#ThomasSchmall#KenBrinsden#Lithium#EVRevolution#SustainableFuturehttps://lnkd.in/gXQDm-TU
Volkswagen Group and PowerCo SE have announced a strategic partnership with Canadian lithium company Patriot Battery Metals.
This collaboration aims to secure a long-term lithium supply from North America, reinforcing Volkswagen’s commitment to vertical integration in the battery supply chain.
The partnership centers on Patriot’s Shaakichiuwaanaan Project in Quebec, which is poised to become one of the largest lithium resources in the Americas.
Read more >> https://lnkd.in/gtdvJmea
Battery materials supplier Novonix Ltd. has secured conditional approval for a U.S. Department of Energy (DOE) loan to put toward construction of a nearly $1 billion (all figures in USD) synthetic graphite plant in Chattanooga, Tenn.
PowerCo continues to build out the supply chain for its #battery-cell plants in North America and Europe. The VW subsidiary will invest $69M in a Canadian #lithium miner developing a hard-rock project in Quebec:
https://lnkd.in/grh563Nv
German auto giant Volkswagen Group will tip about $77 million into Ken Brinsden’s Patriot Battery Metals under a strategic partnership deal that delivers a shot in the arm of its flagship Canadian lithium project.
we are doing the same in Australia…
Putting the cart (stack manufacturing, electrolyte plants, etc) before the horses (primary production and new mining projects with realistic fundamentals)…pouring BILLION$ of grants and government money to manufacturing while mining still needs to go through a framework designed for coal and iron-ore…
without reliable primary production sourcing, on shore manufacturing will always be at the whim of those that control critical minerals, etc.
Strategist and Advisor - Nickel & Cobalt - Mine to Market
Sad, sad, sad. But when you focus on downstream and rely on your competitor to supply you with all upstream materials, don’t expect success.
Take note all “up and coming” battery manufacturers. If you don’t have access to the raw material (i.e. Ni, Co, Al, Li, Fe, P, etc.) and especially precursors (PCAM), the Chinese that OWN this segment will just slaughter you. That’s why we need to stop focusing on building the downstream infrastructure and manufacturing jobs on huge subsidies and investments and start focusing on channeling those investments in upstream production. Build out the mines, then build out (after everyone stops arguing and understands) PCAM production in North America. Only then can you say you will compete on cell manufacturing.
Finland’s Mining Legacy – A solution for the challenges in Europe. The recent challenges facing European battery manufacturing highlight a critical issue: securing access to responsibly mined raw materials.
Finland stands out as a leader in this field. With a rich mining history and renowned expertise in metallurgical technology, Finland has been at the forefront of sustainable resource extraction for decades. From nickel and cobalt to copper, Finnish mining has provided the foundation for a thriving metal industry, supported by some of the toughest environmental regulations in the world.
At FinnCobalt Oy and Eurobattery Minerals AB, we are proud to contribute to this legacy with the Hautalampi battery mineral project. This project exemplifies responsible mining in practice, adhering to Finland’s high environmental standards while providing essential battery minerals like nickel, cobalt, and copper.
As Europe strives for energy independence and a successful green transition, projects like Hautalampi are key. By supporting upstream mining in Finland, the EU can reduce its reliance on external suppliers and build a secure, sustainable supply chain for the future.
Let’s harness Finland’s expertise and resources to drive Europe forward.
#ResponsibleMining#Hautalampi#GreenTransition#Finland#BatteryMineralsRoberto Garcia Martinez
Strategist and Advisor - Nickel & Cobalt - Mine to Market
Sad, sad, sad. But when you focus on downstream and rely on your competitor to supply you with all upstream materials, don’t expect success.
Take note all “up and coming” battery manufacturers. If you don’t have access to the raw material (i.e. Ni, Co, Al, Li, Fe, P, etc.) and especially precursors (PCAM), the Chinese that OWN this segment will just slaughter you. That’s why we need to stop focusing on building the downstream infrastructure and manufacturing jobs on huge subsidies and investments and start focusing on channeling those investments in upstream production. Build out the mines, then build out (after everyone stops arguing and understands) PCAM production in North America. Only then can you say you will compete on cell manufacturing.
A sobering reminder: The Importance of European Mining: The news of Northvolt’s struggles and the subsequent departure of its CEO is a sad reminder of the challenges we face in building a resilient battery supply chain in Europe.
For millennia, mining in Europe played a pivotal role in our development, with a legacy stretching back over thousands of years. However, during the last period of time, we have outsourced much of this critical industry, often to countries with minimal regard for labor rights, human rights, or environmental standards.
Today, as Europe races to lead the green and digital transition, we cannot afford to rely on upstream materials controlled by nations that may not share our democratic values or long-term goals.
It’s time to reclaim mining in Europe, focusing on responsible practices that align with our environmental and ethical standards. This approach ensures greater self-reliance, mitigates risks of supply chain disruptions, and supports our ambitious energy transition goals.
The road to sustainability and innovation isn’t easy—certainly not as easy as some might have hoped. But history shows us that while we may overestimate what can be achieved in the short term, we often underestimate the monumental progress we can achieve in the long run.
Let’s invest in European mining. The future of our green industries depends on it.
#EurobatteryMinerals#ResponsibleMining#GreenTransition#EuropeEurobattery Minerals AB, FinnCobalt Oy, Ilari Kinnunen
Strategist and Advisor - Nickel & Cobalt - Mine to Market
Sad, sad, sad. But when you focus on downstream and rely on your competitor to supply you with all upstream materials, don’t expect success.
Take note all “up and coming” battery manufacturers. If you don’t have access to the raw material (i.e. Ni, Co, Al, Li, Fe, P, etc.) and especially precursors (PCAM), the Chinese that OWN this segment will just slaughter you. That’s why we need to stop focusing on building the downstream infrastructure and manufacturing jobs on huge subsidies and investments and start focusing on channeling those investments in upstream production. Build out the mines, then build out (after everyone stops arguing and understands) PCAM production in North America. Only then can you say you will compete on cell manufacturing.
Lyten will convert Cuberg's Bay Area factory to produce lithium-sulfur batteries as it scales production to meet rising demand. https://lnkd.in/em5teh66
Great opportunity to learn more about the partnership with Volkswagen. Definitely worth watching!