Patriot Battery Metals (PMETF) has secured a strategic partnership with both Volkswagen (VWAGY) and PowerCo, through a substantial investment of C$69 million.

As part of this agreement, PowerCo has committed to a binding offtake agreement with Patriot Battery Metals for 100,000 tonnes of spodumene concentrate each year for a period of 10 years.

Volkswagen Group, through its holding and financing company, Volkswagen Finance Luxemburg S.A. (" Volkswagen "), will invest ~ C$69 million1 to acquire 9.9% of Patriot's issued and outstanding common ...

Volkswagen battery subsidiary PowerCo will pay C$69 million for a 9.9% stake in Canadian lithium hopeful Patriot Battery ...

As part of the Strategic Investment, Patriot will enter into a binding offtake term sheet (the "Offtake") with Volkswagen's wholly-owned and vertically integrated battery manufacturer, PowerCo, for ...

Koenig & Bauer AG has announced significant progress in its collaboration with Volkswagen subsidiary PowerCo on sustainable battery cell manufacturing. The partnership, initiated in June 2023 ...

Volkswagen Group and its battery subsidiary, PowerCo, have announced a strategic investment of $48 million in Patriot Battery ...

Electric vehicles (EVs) could be a game changer for transportation, but the technology still faces barriers to wider adoption. One common criticism is that they take too long to charge, and another is ...

off-take and strategic partnership with Volkswagen Group and PowerCo. Mr Brinsden will discuss the strategic rationale and implications of the transaction for Patriot and its strategy to develop ...

Patriot Battery Metals Inc. to receive C$69M investment from Volkswagen and secure a strategic partnership for supply of ...