Stellantis inks battery metals offtake deal with Australia’s Kuniko
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)
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