Automaker Stellantis inks battery metals offtake deal with Australia's Kuniko

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Automaker Stellantis inks battery metals offtake deal with Australia's Kuniko
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Australia's Kuniko said on Monday it had signed an offtake and equity investment agreement with Franco-Italian automaker Stellantis .

Stellantis has agreed to invest 5 million euros in the battery metals miner in return for a near 20% stake. The carmaker will also get 35% of future production of nickel sulphate and cobalt sulphate from Kuniko's Norway exploration projects for nine years, Kuniko said in a statement.

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