:Australia's Kuniko said on Monday it had signed an offtake and equity investment agreement with automaker Stellantis to support the development of its Norwegian battery metals projects. Stellantis would invest 5 million euros ($5.45 million) at an issue price of A$0.467 per share in the battery metals miner
:Australia's Kuniko said on Monday it had signed an offtake and equity investment agreement with automaker Stellantis to support the development of its Norwegian battery metals projects.
Stellantis would invest 5 million euros at an issue price of A$0.467 per share in the battery metals miner in return for a near 20 per cent stake, Kuniko said.Under the deal, announced by Stellantis on Friday, the carmaker will also get 35 per cent of the nickel sulphate and cobalt sulphate produced from Kuniko's Norway exploration projects for nine years.
The funds from the Stellantis' equity investment will be used to advance Kuniko's brownfield and greenfield battery metals exploration projects in Norway, the company said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thousands rally across Australia in support of indigenous reformThis is ahead of a referendum to give indigenous people a direct say in policies that impact them. Read more at straitstimes.com.
Read more »
England hit back but Australia take lead past 300LONDON : England fought back in thrilling fashion against Australia with three wickets before lunch on day four to keep alive their slim hopes of turning around the second Ashes test at Lord's on Saturday.Stuart Broad struck twice for the hosts while Josh Tongue removed England's bogeyman Steve Smith to r
Read more »
Australia authorises MDMA, magic mushrooms for medical treatmentSupporters of the move hope the drugs can provide breakthroughs for mental health patients. Read more at straitstimes.com.
Read more »
England chase 371 after Australia all out for 279LONDON :Australia were all out for 279 as England fought back on an attritional fourth day of relentless short-pitched bowling in the second test at Lord's on Saturday.England took eight wickets for 149 to leave themselves a victory target of 371 to square the series.If achieved, it would be the highes
Read more »
Australia stifle Stokes heroics at Lord's to take 2-0 Ashes leadLONDON : Australia won an action-packed second Ashes test at Lord's on Sunday by 43 runs to take a 2-0 lead in the five-test series, despite a superb rearguard innings of 155 from England captain Ben Stokes.Stokes appeared fired up after the controversial stumping of team mate Jonny Bairstow and began to
Read more »
Australia were worried but stayed patient - CumminsLONDON : Australia captain Pat Cummins admitted his team had endured an uncomfortable time before winning the second Ashes test against England at Lord's by 43 runs on Sunday.England had looked dead and buried at 45-4 in their chase for 371 runs to level the series but Ben Stokes' majestic knock of 155 an
Read more »