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Platinum Group Metals (NYSE American: PLG) (TSX: PTM) , through its subsidiary Lion Battery, is working to strengthen its foothold in the lithium-sulfur space. With new technologies being researched and developed to rival lithium-ion batteries in terms of efficiency, cost and sustainability, lithium-sulfur batteries could offer advantages.
“Lion Battery was jointly formed in 2019 by Platinum Group and Anglo American Platinum to accelerate the development of next-generation battery technology using platinum and palladium. Since inception, the Lion team has focused on the development of proprietary lithium-sulfur technology and enhancing the performance of existing commercial lithium-ion chemistries. Lion has a sponsored research agreement with Florida International University ('FIU') including exclusive rights to all intellectual property developed and will lead commercialization efforts. To date, the U.S. Patent and Trademark Office has granted five patents related to research conducted by FIU on behalf of Lion,” a recent article reads.“Lion Battery has engaged The Battery Innovation Center ('BIC') in Newberry, Indiana, to help drive commercialization of its next-generation platinum and palladium-based battery chemistries.”
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About Platinum Group Metals Ltd.
Platinum Group Metals is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Implats, Mnombo and HJM. For more information about the company, visit .
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company's newsroom at
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