Stellantis Signs Non-Binding MOU with GME for Future Offtake of Battery Grade Nickel and Cobalt Sulphate
- Stellantis strengthens worth chain for electrical car battery manufacturing supporting Dare Forward 2030 strategic plan targets
- MOU represents first step towards potential long-term partnership for future offtake of battery grade nickel and cobalt sulphate merchandise from the NiWest Nickel-Cobalt Project
October 10, 2022, AMSTERDAM – Stellantis N.V. and GME Resources Limited (“GME” or “the Company”) (ASX: GME) at the moment introduced the signing of a non-binding Memorandum of Understanding (“MOU”) for the long run sale of portions of battery grade nickel and cobalt sulphate merchandise from the NiWest Nickel-Cobalt Project in Western Australia (“NiWest”).
NiWest is a sophisticated nickel-cobalt improvement challenge and can produce roughly 90,000 tpa (tons each year) of battery grade nickel and cobalt sulphate for the burgeoning electrical car market. To date, greater than AU$30 million has been invested into drilling, metallurgical check work and improvement research. A Definitive Feasibility Study for NiWest is because of begin this month. The proposed location of the processing facility for NiWest is inside roughly 30 kilometers of Glencore-owned Murrin Murrin operation, the biggest nickel-cobalt operation in Australia.
“Every day, Stellantis is working to provide our customers clean, safe affordable, cutting-edge freedom of mobility,” stated Maxime Picat, Stellantis Chief Purchasing and Supply Chain Officer. “Securing the raw material sources and battery supply will strengthen Stellantis’ value chain for electric vehicle battery production and equally important, help the Company achieve its aggressive decarbonization target.”
As a part of the Dare Forward 2030 strategic plan, Stellantis introduced plans of reaching 100% of passenger automotive battery electrical car (BEV) gross sales combine in Europe and 50% passenger automotive and light-duty truck BEV gross sales combine within the United States by 2030. Stellantis would be the business champion in local weather change mitigation, turning into carbon web zero by 2038, with a 50% discount by 2030.
“Stellantis is a partner of the highest caliber and GME is delighted to have signed this MOU in what we hope is the first step in a long-term partnership,” stated GME Managing Director, Paul Kopejtka. “We’re very pleased with how our discussions have progressed and we now look forward to progressing more detailed negotiations in parallel with the start of the Definitive Feasibility Study for the NiWest Nickel-Cobalt Project. A Definitive Agreement with Stellantis would be a critical step in being able to progress the NiWest Project through to commercial operations.”
Stellantis strengthened its provide of low-carbon lithium hydroxide earlier this yr, signing agreements with Vulcan Energy and Controlled Thermal Resources for Europe and North America, respectively.
The closing of the non-binding MOU is topic to customary closing situations, together with regulatory approvals.
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About Stellantis
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is likely one of the world’s main automakers and a mobility supplier. Its storied and iconic manufacturers embody the fervour of their visionary founders and at the moment’s clients of their revolutionary services and products, together with Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our variety, we paved the way the world strikes – aspiring to change into the best sustainable mobility tech firm, not the largest, whereas creating added worth for all stakeholders in addition to the communities wherein it operates. For extra info, go to www.stellantis.com.
About GME Resources Limited:
GME Resources Limited is an ASX-listed exploration and improvement firm with nickel, cobalt and gold pursuits in Western Australia. GME’s principal asset is its 100% owned NiWest Nickel Cobalt Project located adjoining to Glencore’s Murrin Murrin Operations. The Company has accomplished a Pre-Feasibility Study which has confirmed the technical and financial viability of a heap leach and direct solvent extraction operation at one of many largest and highest grade undeveloped nickel/cobalt deposits in Australia. Further info is obtainable on GME’s web site: www.gmeresources.com.au
Contacts:
Stellantis
Fernão Silveira
Global Communications / Stellantis
+31 6 43 25 43 41
[email protected]
Valérie GILLOT
+33 6 83 92 92 96
[email protected]
[email protected]
www.stellantis.com
GME Resources Limited
Paul Kopejtka
Managing Director and CEO
Perth, Western Australia
+61 8 9336 3388
[email protected]
Michael Vaughan
Fivemark Partners
Perth, Western Australia
+61 422 602 720
[email protected]
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