Brief: Argentina Lithium Announces US$90 Mln Investment By Stellantis In ARS$ Equivalent

Argentina Lithium and Energy

27/09/2023 18:38

Sept 27 (Reuters) - Argentina Lithium & Energy Corp
 LIT.V :
    * ARGENTINA LITHIUM ANNOUNCES US$90 MILLION INVESTMENT BY
STELLANTIS IN ARS$ EQUIVALENT
    * ARGENTINA LITHIUM & ENERGY - AS RESULT OF DEAL, STELLANTIS
WILL
OWN 19.9% OF ISSUED AND OUTSTANDING ALE SHARES AND ARGENTINA
LITHIUM WILL OWN 80.1%
    * ARGENTINA LITHIUM & ENERGY CORP - AT CLOSING OF
TRANSACTION, CO
AND STELLANTIS WILL ENTER INTO AN EXCHANGE AGREEMENT
    * ARGENTINA LITHIUM & ENERGY CORP - ARGENTINA LITHIUM AND
STELLANTIS WILL ENTER INTO A LITHIUM OFFTAKE AGREEMENT
    * ARGENTINA LITHIUM & ENERGY CORP - UPON EXERCISE OF
EXCHANGE
RIGHT, ARGENTINA LITHIUM WILL ENTER INTO AN INVESTOR RIGHTS
AGREEMENT WITH STELLANTIS
    * ARGENTINA LITHIUM & ENERGY CORP- UNDER OFFTAKE AGREEMENT
STELLANTIS TO BUY UP TO 15,000 TONNES PER ANNUM OF LITHIUM
PRODUCED BY ALE OVER 7-YEAR PERIOD
    * ARGENTINA LITHIUM & ENERGY CORP- ARGENTINA LITHIUM, ALE
AND
STELLANTIS TO ENTER SHAREHOLDERS' AGREEMENT ABOUT ALE,
STELLANTIS' OWNERSHIP OF ALE SHARES

Source text for Eikon:  ID:nCNWBhqJca 
Further company coverage:  LIT.V 

 ((Reuters.Briefs@thomsonreuters.com;))