Bullboard - Stock Discussion Forum Century Lithium Corp V.LCE

Alternate Symbol(s): CYDVF

Metals & Mining Silver

Century Lithium Corp. is a Canada-based advanced stage lithium company, focused on developing its 100%-owned Clayton Valley Lithium Project in west-central Nevada, United States. The Company is engaged principally in the acquisition, exploration, and development of its mineral properties. The Company is in the pilot stage of testing on material from its lithium-bearing claystone deposit at its... see more

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TSXV:LCE - Post Discussion

Century Lithium Corp > Volkswagen buys 9.9% of Patriot Battery Metals for $48 mill

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Post by on-target on Dec 18, 2024 3:01pm

Volkswagen buys 9.9% of Patriot Battery Metals for $48 mill

German automaker Volkswagen (ETR: VOW3) announced on Wednesday its acquisition of a 9.9% stake in Canadian lithium company Patriot Battery Metals (TSX: PMET) (ASX: PMT) for $48 million.

This marks the first time Volkswagen and its battery subsidiary, PowerCo, have directly invested in the lithium supply chain, as the company aims to secure raw material supplies from North America.

The agreement includes a binding commitment for Volkswagen to receive 100,000 tonnes of spodumene concentrate annually for 10 years, starting when Patriot’s Shaakichiuwaanaan lithium project in Quebec begins production.

The Vancouver-based company also signed a memorandum of
understanding with PowerCo to explore joint development opportunities for the Quebec project, previously known as Corvette.

https://www.mining.com/volkswagen-buys-9-9-of-patriot-battery-metals-for-48-million/

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IMO, I see a good chance that Century Lithium Corp. could be next for a JV in 2025.

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