Patriot Battery Metals Inc Secures Strategic Partnership with Volkswagen Subsidiary

Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh ( (AU:PMT) ) has shared an update.

Patriot Battery Metals Inc has announced a strategic partnership with PowerCo SE, a Volkswagen subsidiary, to supply 100ktpa of SC5.5 lithium, which represents a significant portion of their estimated production. The project, located in Quebec, Canada, is expected to have outstanding economic returns with a low cash cost of operations and a substantial net present value. The company is also exploring additional funding from Volkswagen Group to support further development and investment decisions.

The most recent analyst rating on (AU:PMT) stock is a Buy with a A$0.90 price target. To see the full list of analyst forecasts on Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh stock, see the AU:PMT Stock Forecast page.

More about Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh

Patriot Battery Metals Inc is an emerging developer in the lithium industry, focusing on integrating lithium into European and North American supply chains. The company boasts the largest hard rock lithium deposit in the Americas, located in the James Bay region of Quebec, Canada. It is strategically positioned to explore high-grade lithium pegmatite resources with potential by-products such as tantalum, cesium, and gallium.

Average Trading Volume: 2,375,196

Technical Sentiment Signal: Sell

Current Market Cap: A$377.5M

For detailed information about PMT stock, go to TipRanks’ Stock Analysis page.