In a landmark deal energising the electric vehicle sector, we had the pleasure of advising Volkswagen on their strategic C$69 million investment into Patriot Battery Metals at a substantial premium, solidifying a long-term supply commitment.
Partnering with Patriot Battery Metals and their Shaakichiuwaanaan Project – a critical lithium resource – Volkswagen share a vision for an eco-conscious future where the EV industry thrives on reliability and sustainability.
This partnership reflects a strategic foresight into the future of sustainable transportation and the increasing importance of ethical sourcing of critical minerals. The offtake agreement with Volkswagen’s subsidiary PowerCo SE is a commitment to renewable energy resources and, more specifically, to the indispensable role lithium plays in powering next-generation EVs.
Commenting on the transaction, Hamilton Locke Partner Shaun Hardcastle said, “This deal marks a significant step forward in the electric vehicle industry and reinforces the importance of securing stable, ethical supply chains for critical raw materials. It was a pleasure advising Volkswagen on this strategic investment.”
The Hamilton Locke team was led by Partners Shaun Hardcastle and Jeremy Newman.
