Northwire Canada EditionSaturday, November 14, 2026
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Financings

Libertystream, Packet sign U.S. lithium supply MOU

LIB · Price

Executive Summary

  • Libertystream Infrastructure Partners Inc. entered into a Memorandum of Understanding (MOU) with Packet Digital LLC to support the supply of battery-grade lithium carbonate for Packet's U.S.-based manufacturing of smart batteries for military and industrial applications.
  • The partnership involves technical data sharing and coordinated planning for future deliveries, aiming to establish a vertically integrated battery ecosystem in North Dakota and strengthen the domestic supply chain for critical minerals.
  • Libertystream secured approximately $2.7 million in aggregate gross proceeds through the exercise of outstanding share purchase warrants and stock options, as well as non-dilutive grant funding, to support commercial-scale production initiatives in Texas and North Dakota.

Key Details

  • Parties Involved: Libertystream Infrastructure Partners Inc. (Libertystream) and Packet Digital LLC (Packet Digital), based in Fargo, N.D.
  • Agreement Type: Memorandum of Understanding (MOU).
  • Strategic Objective: To collaborate and share technical data for Packet's present and future lithium carbonate requirements for U.S.-based manufacturing.
  • Supply Chain Integration: Libertystream will support Packet Digital’s demand for battery-grade lithium carbonate. The collaboration integrates Libertystream’s direct lithium extraction (DLE) capabilities with Packet Digital’s cell manufacturing operations to streamline supply logistics and improve process efficiency.
  • Production Timeline: Packet Digital supports Libertystream’s field refining operations as they commence production in late 2025.
  • Geographic Focus: Operations and supply chain integration span Texas (Libertystream’s refining unit) and North Dakota (Packet Digital’s manufacturing and sourcing).
  • Financial Update: Libertystream received aggregate gross proceeds of approximately $2,736,081 (combined Canadian and U.S. dollars).
  • Source of Funds: The proceeds resulted from:
    • Exercise of outstanding share purchase warrants.
    • Exercise of stock options (including by board members and the largest institutional shareholder).
    • Receipt of previously announced non-dilutive grant funding.
  • Use of Proceeds: Funds will directly support strategic initiatives in Texas and North Dakota, specifically advancing the transition to commercial-scale lithium carbonate production through commissioning and operations at the refining unit in Texas.
  • Counterparty Partner: The MOU is structured in partnership with Wellspring Hydro.

Notable Quotes

  • Terri Zimmerman, CEO of Packet Digital: "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 and CEO of Libertystream: "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... 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."
Read the original news release →

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