LibertyStream and Packet Digital Sign MOU for U.S. Lithium Carbonate Supply Supporting Cathode Material Production for Next-Gen Battery and Power Systems in Military and Industrial Applications
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On November 14, 2025, LibertyStream announced it has signed a Memorandum of Understanding (MOU) with Packet Digital, LLC, a manufacturer of next-generation battery and power systems for military and industrial applications. The MOU establishes a framework for technical data sharing and planning for future deliveries of battery-grade lithium carbonate to support Packet Digital's U.S.-based cell manufacturing. Additionally, the company announced it has secured approximately C$2.7 million in gross proceeds through a combination of non-dilutive grant funding and the exercise of options and warrants, with participation from a board member and its largest institutional shareholder. The funds will be used for strategic initiatives in Texas and North Dakota.
The news is materially positive, providing validation on two critical fronts: commercial path-to-market and short-term financing.
- Commercial De-risking: While an MOU is non-binding and does not guarantee revenue, it is a significant step toward securing a commercial offtake partner. The partner, Packet Digital, is strategically aligned with LibertyStream's focus on a domestic U.S. supply chain and operates in North Dakota, a key area for LibertyStream's future growth. Partnering with a military and industrial supplier may offer more stable demand and potentially better margins than the more volatile EV market. This MOU provides the first clear line of sight to a specific end-user for their product.
- Financial Strength & Insider Confidence: Securing C$2.7 million strengthens the company's balance sheet as it enters the capital-intensive phase of commissioning its Texas refining unit. The fact that these funds were raised through non-dilutive grants and, more importantly, the exercise of options/warrants by insiders (a board member and the largest institutional shareholder) demonstrates strong internal confidence in the company's prospects. This is far superior to a dilutive private placement at a discount.
Critically, the news also reinforces the company's timeline. Packet Digital's CEO explicitly states they look forward to LibertyStream commencing production in "late 2025," which aligns with LibertyStream's previous guidance of H2 Q4 2025. This consistent messaging and execution on timelines is a key positive.
Reviewing historical news, the company has methodically de-risked its project. It started with validating its DLE technology in the Bakken (July 2025), secured debt financing to purchase a refining unit (August 2025), provided a clear timeline for installation and production (October 2025), and made key strategic hires to bolster its commercial and technical teams (October/November 2025). This latest release is a logical and positive continuation of that execution. The company is delivering on its stated plan.
LibertyStream Infrastructure Partners Inc. is a lithium technology company aiming to commercially extract lithium from oilfield brines using a proprietary Direct Lithium Extraction (DLE) process. Their business model leverages existing oil and gas infrastructure to create a low-cost, capital-light path to production.
Their flagship project is the phased commercialization of their DLE technology. They have two key operational areas: the Permian Basin in Texas and the Bakken Formation in North Dakota. The current focus is on commissioning a 10-tonne-per-annum lithium carbonate refining unit at their Texas field site, which will mark their transition from a technology developer to a commercial producer of lithium carbonate.