Platinum Group Metals Ltd. founded Lion Battery Technologies Inc. in partnership with Anglo American Platinum Limited
to support the use of palladium and platinum in lithium battery applications.
The possibility of creating additional demand for platinum and palladium in the battery technology space is an
exciting development and of strategic importance to both parties.
Lion Battery has entered into an agreement with Florida International University to further advance a research
programme that uses platinum and palladium to unlock the potential of Lithium Air and Lithium Sulfur battery
chemistries to increase their discharge capacities and cyclability.
Under the agreement with Florida International University, Lion will have exclusive rights to all intellectual
property developed and will lead all commercialisation efforts. Lion is also currently reviewing several additional
and complementary opportunities focused on developing next-generation battery technology using platinum and
palladium. Thanks to considerably higher energy density, Lithium Oxygen and Lithium Sulfur batteries can perform
better, by orders of magnitude, than the best-in-class Lithium-ion batteries currently on the market or under
development. This new generation of lightweight, powerful batteries has the potential to grow to scale on the back
of the attractiveness of battery electric vehicles (BEVs) and the use of lithium batteries in other applications
beyond mobility.
Rho Motion Seminar Series Presentation - September 26, 2022