The Non-Binding MOU will help Stellantis strengthen its value chain for electric vehicle battery production
GME Resources Ltd and Stellantis N.V. recently announced that they have entered into a partnership for the future sale of quantities of battery-grade nickel and cobalt sulphate products from the ‘NiWest’ Nickel-Cobalt Project in Western Australia. Both parties signed a non-binding Memorandum of Understanding (MOU), whose closing is subject to customary closing conditions.
As per the official statement, NiWest is an advanced nickel-cobalt development project and will produce around 90,000 tpa (tons per annum) of battery-grade nickel and cobalt sulphate for the burgeoning e-vehicle market.
Dare Forward 2030
Stellantis Chief Purchasing and Supply Chain Officer, Maxime Picat stated: “Every day, Stellantis is working to provide our customers clean, safe affordable, cutting-edge freedom of mobility. 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.”
It must be noted that Stellantis has come up with its ‘Dare Forward 2030’ strategic plan, wherein it aims to end the decade by reaching 100% of passenger car battery electric vehicle (BEV) sales mix in Europe and 50% of passenger car and light-duty truck BEV sales mix in the US.
Delighted with the MOU signing and hopeful of a long-term partnership, GME MD, Paul Kopejtka regarded Stellantis to be a partner of the highest calibre. He further added: “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.”
It is noteworthy that earlier this year, Stellantis signed agreements with Vulcan Energy and Controlled Thermal Resources, strengthening its supply of low-carbon lithium hydroxide.
Stellantis N.V. is a leading global mobility provider. This automaker aspires to become the greatest sustainable mobility tech company while adding value for all stakeholders.
GME Resources Limited is an ASX-listed exploration and development company with nickel, cobalt and gold interests in Western Australia. The Company claims to have completed a Pre-Feasibility Study confirming its technical and economic viability of heap leach and direct solvent extraction operation at an undeveloped nickel/cobalt deposits site in Australia.
