German automaker Volkswagen has acquired a 9.9% stake in Canadian lithium company Patriot Battery Metals for C$69m ($48m).

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

Volkswagen Group, PowerCo and Canadian lithium company Patriot Battery Metals form a strategic partnership to secure the long ...

Upon the closing, Volkswagen will own around 9.9 percent of Patriot's shares on a pro forma non-diluted basis and will be granted certain rights.