This is massive news for PMT.
No, way some of that $13B directly or indirectly doesn't go to build a couple of conversion plants for spod.

I looking at the St.Thomas land site on Google maps.
It's an old Ford plant they levelled so it has all the train, road, power and water hook-ups.

So, they are going to dig up spod in Australia, send 8,000km to China where it's likely they will be a war/major sanctions in 5 years. Then send 5,000km to Canada, to then travel another 3,000 km across Canada on rail?
*There's something about that, hummm. That seems costly?
I can't figure that out?

Or...

get high grade spod from PMT's Corvette (and a Canadian mine, supplying Canadian jobs) which is only 2,000km away and could likely get to Ontario in 2-3 days on truck and rail!

PMT buy-out IMO is all but locked in now. Likely, timeframe brought up now.
The Canadian government deal is SIGNED.
So Lithium from "somewhere" needs to feed conversion plants, to then feed the VW plant.

I have a funny feeling Canada will want that to come from...wait for it.........Canada!

PMT is the easiest investment ever.

13 Billion today.
What deals are next week?

As the saying goes...Follow the money!

https://www.reuters.com/business/autos-transportation/canada-offering-more-than-c13-bln-over-decade-volkswagen-battery-plant-govt-2023-04-20/

2 minute readApril 20, 20233:00 PM EDTLast Updated a day ago

Canada offering more than C$13 billion for VW battery plant

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[1/2] The logo of carmaker Volkswagen Commercial Vehicles is pictured at the IAA Transportation fair, which will open its doors to the public on September 20, 2022, in Hanover, Germany, September 19, 2022. REUTERS/Fabian Bimmer

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OTTAWA, April 20 (Reuters) - Canada has agreed to provide up to C$13 billion ($9.7 billion) in subsidies and a C$700 million grant to lure Volkswagen AG (VOWG_p.DE) into building its North American battery plant in the country, a government source said on Thursday.

The total Canadian investment, which could also include funds from the Ontario government, will largely match what Volkswagen would have got from the United States through the Inflation Reduction Act (IRA), the source said.

The carmaker declined to comment on the subsidies, which the source said would be disbursed over a decade. The plant will cost about C$7 billion to build, the source told Reuters, confirming an earlier report by Bloomberg News.

The deal showcases how the U.S. green package, which offers $369 billion of subsidies for electric vehicles and other clean technologies, is putting pressure on other governments to ramp up financial incentives to lure investments.

The new Volkswagen battery plant in Canada will have a maximum capacity of 90 gigawatt hours, enough to provide batteries for more than a million cars annually, Handelsblatt reported, citing a company source familiar with the matter.

Volkswagen declined to comment on the Handeslblatt report. It is expected to announce further details of the project on Friday in a meeting between the management of its battery unit PowerCo and Canadian Prime Minister Justin Trudeau in Ontario, where the plant will be located.

Europe's biggest carmaker wants PowerCo to become a global battery supplier, and to meet half its own demand with plants mostly in Europe and North America, the carmaker's board member in charge of technology told Reuters in an interview in March.

PowerCo, set up last year, is targeting more than 20 billion euros ($21.94 billion) in annual sales by 2030. Production in Ontario is scheduled to start in 2027.

Reporting by Steve Scherer, Editing by Franklin Paul