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Platinum Group's Lion Battery Advances to Phase II Testing

Oct 1, 2026, 1:26 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Positive data from Phase I, confirmed funding for next phase, and potential drone applications may improve investor confidence in Lion's IP value and PLG's optionality in advanced battery tech.

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Platinum Group Metals reports Lion Battery Technologies completed Phase I independent testing of its platinum- and palladium-based lithium-sulfur technology, with palladium-rich formulations delivering the strongest results. The company has approved funding for the next stage to prototype pouch cells and explore drone applications, signaling a potential path to pilot-scale manufacturing and commercial demonstration.

Lion Battery completes Phase I testing of Pt- and Pd-based Li-S cells.
Independent Battery Innovation Center validates Lion's electrode technology.
Palladium-rich formulations show strongest overall performance.
Next phase funded to develop pouch-cell prototypes and configurations.
Drones cited as key target application for higher energy density.

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