Stellantis paid in pesos. So while in theory is $90m, in reality...

Stellantis paid in pesos. So while in theory is $90m, in reality is $45M for 25% of the shares. Fair enough same price Tecpetrol offered for Alpha Lithium... us$180M.

issue is that ALE flagship project is 3,000ha at Rincon West, very similar small parcels all around like PNN. I can't see they making 15000tpa with no space for ponds. However, they refer all the time in their presentation to Argosy, as they are in Rincon too and doing things on a budget. Long way to go for ALE however good on them inking this deal to accelerate things. Stellantis has factories in Argentina where they make Peugeot and Citroën cars and Fiat. But this deal apparently was done within the Peugeot/ Citroën group only.....

all these deals are setting useful precedent for LEL ahead of their negotiations with investors and offtakers which are currently developing.