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.
The Shaakichiuwaanaan project, currently under development, will supply VW’s battery company PowerCo in Europe and North America
Spodumene concentrate, a lithium-rich mineral, serves as a raw material for lithium-ion batteries. PowerCo plans to utilize this supply for producing battery cells in Europe and North America. Additionally, the lithium will be used in PowerCo’s cell factory currently under construction in St. Thomas, Canada, which is projected to achieve an annual production capacity of 90 GWh at full…
