Patriot Battery Becomes Major Shareholder in Loyal Lithium Following Hidden Lake Deal

Patriot Battery Metals

Strategic Shift Consolidates Canadian Lithium Assets Amid Volkswagen Offtake Agreement

Loyal Lithium has acquired full ownership of the Hidden Lake Lithium Project by absorbing its joint venture partner, Patriot Battery Metals, as a key shareholder. The project, previously split 60/40 between Loyal Lithium and Patriot, is now fully controlled by Loyal following a share-based transaction.

The Hidden Lake Project is located in the Yellowknife Lithium Belt in Canada's Northwest Territories, a region rich in spodumene-bearing lithium dykes. By consolidating ownership, Loyal Lithium strengthens its strategic position in North America's growing lithium supply chain.

Patriot's New Role and the Volkswagen Deal

In exchange for its 40% stake, Patriot Battery Metals received shares in Loyal Lithium, becoming a significant equity holder. This move aligns with Patriot's broader growth strategy, including its 10-year offtake agreement signed in December 2024 with Volkswagen. The deal secures the supply of 100,000 metric tonnes of spodumene concentrate annually, underscoring the increasing demand for battery-grade lithium.

This partnership enhances Patriot’s downstream reach while giving Loyal Lithium operational control over a key asset.

Loyal Expands Lithium Footprint Across North America

Beyond Hidden Lake, Loyal Lithium is advancing three additional lithium projects in Canada and the United States. Notably, its Brisk Project in Quebec's James Bay Lithium District is strategically located along the same geological trend as Patriot’s Shaakichiuwaanaan Project. This regional proximity may present further collaborative opportunities between the two companies.

As demand for lithium continues to surge, Loyal and Patriot’s repositioning reflects a growing trend of consolidation and strategic realignment within the lithium exploration sector.