Alliance Nickel receives $12.7 Million from First Tranche of Strategic Placement to Stellantis N.V.

Highlights:

• Receipt of Tranche 1 funds follows execution of a Binding Offtake Agreement for approximately 40% of future annual forecast NiWest nickel and cobalt sulphate production for an initial term of 5 years
• Strategic placement is in two tranches for total of A$15 million giving Stellantis an 11.5% shareholding in Alliance and the right to nominate one director to the Alliance Board
• Tranche 2 funds of $2.3 Million, subject to FIRB approval, are expected in the June quarter 2023