News: AXN Stellantis Signs Offtake Agreement And Invests In Alliance Nickel For Battery-Grade...

April 28 (Reuters) - STELLANTIS STLAM.MI :

• STELLANTIS SIGNS OFFTAKE AGREEMENT AND INVESTS IN ALLIANCE NICKEL FOR BATTERY-GRADE NICKEL AND COBALT SULPHATE
• BINDING OFFTAKE AGREEMENT OF BATTERY-GRADE NICKEL AND COBALT SULPHATE FROM NIWEST PROJECT IN WESTERN AUSTRALIA
• OFFTAKE AGREEMENT FOR APPROXIMATELY 40% OF FORECAST ANNUAL PRODUCTION FOR AN INITIAL TERM OF FIVE YEARS
• STELLANTIS PURCHASES EUR 9.2 MILLION (AUD 15 MILLION) IN NEW EQUITY IN ALLIANCE NICKEL, GIVING IT AN 11.5% SHAREHOLDING
• IN ADDITION, STELLANTIS AGREED TO PURCHASE EUR 9.2 MILLION (AUD15 MILLION) IN NEW EQUITY IN ALLIANCE NICKEL
• FUNDS FROM EQUITY PURCHASE WILL BE APPLIED TO COMPLETION OF NIWEST PROJECT DEFINITIVE FEASIBILITY STUDY AND ENGINEERING DESIGN WORKS, EXPECTED IN LAST QUARTER OF 2023