As part of the Strategic Investment, Patriot will enter into a binding offtake term sheet (the "Offtake") with Volkswagen's wholly-owned and vertically integrated battery manufacturer, PowerCo ...

Volkswagen may contribute additional financing to support the Shaakichiuwaanaan Project in return for additional offtake on terms to be mutually agreed.

The successful completion of the final federal technical review and now the offtake agreements de-risk the project, positioning NexGen well for final permits and securing financing by 2025.