https://www.engineeringnews.co.za

Stellantis pumps $90m into Argentina Lithium

13th October 2023

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

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 aCitroen Argentina will make a $90-million investment in Argentina Litio y Energia (ALE), Argentina Lithium & Energy announced late last month.

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.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.044 0.971s - 122pq - 2rq
Subscribe Now