Automaker Stellantis inks battery metals offtake deal with Australia's Kuniko
03/07/2023 24:48
July 3 (Reuters) - Australia's Kuniko KNI.AX 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)
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Rashmi
Aich)
((Rishav.Chatterjee@thomsonreuters.com;))