Announced
Synopsis
Stellantis, a multinational automotive manufacturing corporation formed in 2021 on the basis of a 50-50 cross-border merger between the Italian-American conglomerate Fiat Chrysler Automobiles and the French PSA Group, agreed to invest $90m in Argentina Lithium & Energy, a company focused on acquiring high quality lithium projects in Argentina and advancing them toward production. "We are delighted to have Stellantis as a partner in the future development of our lithium projects in Argentina. Together, we share a vision to build a sustainable lithium mining operation for the future. We look forward to a strong and successful relationship with Stellantis and we are committed to delivering a sustainable lithium product that will contribute to the electrification of transportation and the protection of our atmosphere," Nikolaos Cacos, Argentina Lithium President & CEO.
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