Stellantis Signs Offtake Agreement and Invests in Alliance Nickel for Battery Grade Nickel and Cobalt Sulphate

Highlights:

• 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