Stellantis inks battery metals offtake deal with Australia’s Kuniko

Reuters | July 2, 2023 | 5:37 pm Battery Metals Australia Europe 
Stellantis’ Mirafiori plant entrance in Turin. (Stock image)

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)

Mining.com Recommends

Comments

Your email address will not be published. Required fields are marked *

More News