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Stellantis to invest $100m in Controlled Thermal Resources.

Announced

Transaction Tags

  • Cross Border
  • Minority
  • Acquisition
  • Public
  • Friendly
  • Pending
  • Single Bidder
  • lithium
  • United States
  • General Mining

Synopsis

Stellantis, a multinational automotive manufacturing corporation, to invest $100m in Controlled Thermal Resources, a advanced stages of developing a battery-grade direct lithium extraction and conversion facility. “This is a significant investment and goes a long way toward developing this key project,” Rod Colwell, Controlled Thermal CEO.

Sources

Transaction Value

£78m

Consideration Type

Cash

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