News: AXN Stellantis Signs Offtake Agreement And Invests In Alliance Nickel

April 28 (Reuters) - Stellantis NV STLAM.MI :

• STELLANTIS SIGNS OFFTAKE AGREEMENT AND INVESTS IN ALLIANCE NICKEL FOR BATTERY GRADE NICKEL AND COBALT SULPHATE
• OFFTAKE AGREEMENT FOR APPROXIMATELY 40% OF FORECAST ANNUAL PRODUCTION FOR AN INITIAL TERM OF FIVE YEARS
• PURCHASES EUR 9.2 MILLION (AUD 15 MILLION) IN NEW EQUITY IN ALLIANCE NICKEL, GIVING IT AN 11.5% SHAREHOLDING
• AGREEMENT STRENGTHENS STELLANTIS' VALUE CHAIN FOR ELECTRIC VEHICLE BATTERY PRODUCTION THAT SUPPORTS DARE FORWARD 2030 STRATEGIC PLAN TARGETS
• OFFTAKE AGREEMENT WITH ALLIANCE NICKEL FOR SUPPLY OF 170,000 TONS OF NICKEL SULPHATE AND 12,000 TONS OF COBALT SULPHATE IN TOTAL OVER AN INITIAL FIVE-YEAR PERIOD

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