KNI kuniko limited
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News: KNI Automaker Stellantis inks battery metals offtake deal with Australia's Kuniko

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    03/07/23
    09:50
    Post #: 68582260

    July 3 (Reuters) - Australia's Kuniko (KNI) said on Monday it had signed an offtake and equity investment agreement with Franco-Italian automaker Stellantis STLAM.MI .

    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)

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