Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
The companies announced the verified discovery of one of the largest palladium mineral systems in Australia.
Australia’s Kuniko said on Monday it had signed an offtake and equity investment agreement with Franco-Italian automaker Stellantis.
Stellantis has agreed to invest 5 million euros ($5.45 million) in the battery metals miner in return for a near 20% stake.
The carmaker will also get 35% of future production of nickel sulphate and cobalt sulphate from Kuniko’s Norway exploration projects for nine years, Kuniko said in a statement.
($1 = 0.9168 euros)
(By Rishav Chatterjee; Editing by Rashmi Aich)
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