https://newsletter.mw.creamermedia.com
Automotive|electrification|Energy|Mining|PROJECT|Projects|Pumps|Sustainable
Automotive|electrification|Energy|Mining|PROJECT|Projects|Pumps|Sustainable
automotive|electrification|energy|mining|project|projects|pumps|sustainable

Stellantis pumps $90m into Argentina Lithium

27th September 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Automotive group Stellantis is making an investment in Argentina Lithium, partnering with the TSX-V-listed mining company to advance a lithium project in the South American nation.

Stallantis subsidiary Peugeot Citroen Argentina will make a $90-million investment in Argentina Litio y Energia (ALE), Argentina Lithium & Energy announced on Wednesday.

Stellantis will own 19.9% of the issued and outstanding shares of ALE, while Argentina Lithium will own the balance. Stellantis has been granted the right to exchange all the ALE shares for up to 19.9% of the outstanding shares of Argentina Lithium.

The companies will also enter into a lithium offtake agreement, under which ALE will sell to Stellantis up to 15 000 t/y of lithium over a seven-year period. After the initial seven years, the offtake agreement may be extended.

“We are delighted to have Stellantis as a partner in the future development of our lithium projects in Argentina. Together, we share a vision to build a sustainable lithium mining operation for the future. We look forward to a strong and successful relationship with Stellantis and we are committed to delivering a sustainable lithium product that will contribute to the electrification of transportation and the protection of our atmosphere,” commented Argentina Lithium president and CEO Nikolas Cacos.

Edited by Creamer Media Reporter

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025
BOLSTERING PRESENCE
The project is set to bolster Namibia’s position as one of the world’s leading uranium producers
Uranium mine moving closer to production
21st February 2025 By: Simone Liedtke

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.081 0.159s - 180pq - 2rq
Subscribe Now