Volkswagen invested $48.2 million in Vancouver-based Patriot Battery Metals, according to the Canadian lithium battery firm on Wednesday...

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Volkswagen invests about $48.2M in Canadian battery firm

The agreement includes a contract to supply 100,000 tons of spodumenium concentrate per year over a 10-year period

O acordo inclui um contrato de fornecimento de 100 mil toneladas de concentrado de espodumênio por ano durante um período de 10 anos

Volkswagen compra participação em mineradora canadense de lítio por US$ 48 milhões

Globo

Roberto Irineu Marinho

Brazil

Volkswagen buys stake in Canadian lithium mining company for US$ 48 million

Media Bias/Fact Check

Volkswagen will spend $77 million to acquire a stake in Ken Brinsden-steered Patriot Battery Metals and become the Canadian lithium aspirant’s first customer.

Business News

Patriot gains Volkswagen backing

Green Stock News for the New Green Economy.

Green Stock News

Patriot Battery Metals: C$69 Million¹ Investment, Offtake And Strategic Partnership With Volkswagen And Powerco To Propel Patriot Battery Metals Towards Production

Volkswagen Group will spend C$69 million ($48.1 million) on a 9.9% stake in lithium miner Patriot Battery Metals to secure raw materials for electric vehicles.

Transport Topics

Volkswagen Purchases Stake in Lithium Firm for $48 Million

Volkswagen Group and PowerCo Partner with Patriot Battery Metals to Secure Lithium Supply for EV Battery Production (IN BRIEF) Volkswagen Group and PowerCo have partnered with Patriot Battery Metals to secure a long-term supply of lithium for EV battery production. Volkswagen is investing $48 million for a 9.9% equity stake in Patriot and has signed a 10-year agreement for 100,000 tonnes of spodumene concentrate annually from Patriot’s Shaakichi…

EuropaWire.eu

Volkswagen Group and PowerCo Partner with Patriot Battery Metals to Secure Lithium Supply for EV Battery Production

The Volkswagen Group invests US$48 million to acquire 9.9 percent of Patriot’s issued and outstanding common shares. The binding offtake commitment covers the supply of 100,000 tonnes of spodumene concentrate per year for a period of 10 years as soon as the Shaakichiuwaanaan Project starts production. The lithium-bearing mineral is key for the production of battery-grade lithium chemicals. The offtake represents a key strategic milestone in ramp…

Businessfortnight

Latest News Volkswagen and PowerCo Make Strategic Investment in North American Lithium Company Patriot Battery Metals - Businessfortnight

By: Samantha Larson Lithium batteries have become the unsung heroes powering everything from our smartphones to electric vehicles. As the global demand for sustainable energy solutions skyrockets, understanding the intricacies of the lithium battery supply chain is more crucial than ever. This supply chain fuels our daily lives while significantly impacting the global economy. Leaders at Austroid Corporation explore the journey of a lithium batt…

New York Weekly

Powering the Future: Austroid’s Role in Lithium Battery Supply Chain - New York Weekly

Shares of Patriot Battery Metals (Patriot Battery Metals Stock Quote, Chart, News, Analysts, Financials TSX:PMET) are topping the Canadian markets today after the company announced that Volkswagen will buy a 9.9% stake in the Canadian company. PMET said it will sell $15.6-million shares to the German auto giant at $4.42 per share. The hard-rock lithium […]
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Cantech Letter

Patriot Battery stock soars as Volkswagen buys 9.9% stake

Volkswagen Group, alongside its battery manufacturing subsidiary, PowerCo, is set to make a $48 million investment into Patriot Battery Metals, a North America-based lithium extraction firm. The investment will give Volkswagen Group a 9.9% stake in the company, and will help PowerCo and Volkswagen Group to achieve a higher level of vertical integration within the ‘mine to battery’ process. A memorandum of understanding between PowerCo and Patrio…

Volkswagen invests about $48.2M in Canadian battery firm

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