LibertyStream and Packet Digital Sign MOU for US Lithium Carbonate Supply Supporting Cathode Material Production for Next-Gen Battery and Power Systems in Military and Industrial Applications
- LibertyStream Secures Approximately $2.7 Million in Gross Proceeds through a combination of non-dilutive grant funding and option and warrant exercises, including participation from a board member and its largest institutional shareholder
- Proceeds Will Support Strategic Initiatives in Texas and North Dakota, including lithium carbonate refining and near-term operational mobilization
DALLAS–(BUSINESS WIRE)–LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) (“LibertyStream” or the “Company”) is pleased to announce that it has entered into a Memorandum of Understanding (“MOU”) with Packet Digital, LLC (“Packet Digital”) based out of Fargo, North Dakota. The parties propose to collaborate and share technical data for Packet’s present and future lithium carbonate (“Lithium Carbonate” or “Li2CO3”) requirements for its USA based manufacturing for industrial and military customers.
Terri Zimmerman, CEO of Packet Digital, said:
We’re establishing a vertically integrated battery ecosystem in North Dakota, where Packet Digital manufactures smart batteries and sources critical minerals—such as lithium carbonate—through local production channels,
“Our partnership with LibertyStream aligns with this vision and we are pleased to support their field refining operations as they commence production in late 2025.”
Alex Wylie, President & CEO of LibertyStream, said:
LibertyStream is honored to partner with the Packet Digital team to strengthen the secure, domestic supply of critical minerals essential for next-generation battery and power systems,
“As we scale our refining capabilities in Texas and mobilize near-term operations in North Dakota, our focus remains on delivering battery-grade lithium carbonate tailored to Packet’s U.S.-based cell manufacturing needs. This partnership reflects our shared commitment to building a resilient domestic supply chain and producing premium lithium products for American customers through integrated operations across both states.”
Key Terms of The Memorandum of Understanding
LibertyStream, in partnership with Wellspring Hydro, has entered into a MOU with Packet Digital to support the company’s growing demand for battery-grade Lithium Carbonate. The agreement outlines a collaborative framework for technical data sharing and coordinated planning around future deliveries of battery-grade Lithium Carbonate.
The initiative is structured to enhance Packet Digital’s internal synthesis of critical battery materials, enabling tighter control over locally sourced production inputs. By integrating LibertyStream’s direct lithium extraction capabilities with Packet Digital’s cell manufacturing operations, the collaboration streamlines supply logistics, improves process efficiency, and establishes a scalable framework for long-term growth across both organizations.
Approximately $2.7 Million from Recent Grant Funding and Warrant/Option Exercises
In recent weeks, LibertyStream has fortified its financial position through the exercise of outstanding share purchase warrants and stock options, including by members of the Board of Directors and the Company’s largest institutional shareholder, together with the receipt of previously announced non-dilutive grant funding. In total, these activities have resulted in aggregate gross proceeds of approximately $2,736,081 (combined Canadian and U.S. dollars). These funds will directly support the Company’s strategic initiatives in Texas and North Dakota, with a primary focus on advancing its transition to commercial-scale lithium carbonate production through commissioning and operations at its Refining Unit in Texas.
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LibertyStream and Packet Digital Sign MOU for US Lithium Carbonate Supply Supporting Cathode Material Production for Next-Gen Battery and Power Systems in Military and Industrial Applications, source
