EV Battery Gold Rush Persists with Stellantis and GME

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Stellantis (NYSE: MTA. Euronext Paris: STLA) and GME Resources (ASX: GME) announced today signed a MoU on the sale of of battery nickel and cobalt sulphate from Western Australia. (AutoInformed – Stellantis Claims Record First Year with €13.4B Net Profit)

NiWest is an advanced nickel-cobalt development project in Western Australia that hopes to produce ~90,000 tpa (tons per annum) of battery grade nickel and cobalt sulphate for the electric vehicle market. To date, more than AU$30 million has been invested into drilling, metallurgical test work and development studies.

A Definitive Feasibility Study for NiWest is due to begin this month. The proposed location of the processing facility for NiWest is within ~30 kilometers of Glencore-owned Murrin Murrin operation, the largest nickel-cobalt operation in Australia.

“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,” said 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.” (the non-binging agreement is subject to customary closing conditions, including regulatory approvals.- editor)

Stellantis strengthened its supply of low-carbon lithium hydroxide earlier this year, signing agreements with Vulcan Energy and Controlled Thermal Resources for Europe and North America, respectively. (AutoInformed.com – Stellantis Gets Lithium Supply for NA EVs; Stellantis Has Lithium Supply Deal with Vulcan Energy)