Stellantis signs offtake agreement and invests in alliance nickel for battery-grade nickel and cobalt sulphate

Amsterdam , april 28, 2023 /prnewswire/ -- binding offtake agreement of battery-grade nickel and cobalt sulphate from the niwest project in western australia offtake agreement for approximately 40% of forecast annual production for an initial term of five years stellantis purchases €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 stellantis n.v. and alliance nickel ltd (formerly gme resources) (asx: axn, alliance) today announced the signing of a binding offtake agreement for the 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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