PROJECT FINANCE

Stellantis cornerstones NiWest development

EUROPEAN automaker Stellantis has agreed to make a cornerstone investment in Alliance Nickel and buy some 40% of the nickel and cobalt sulphate expected to be produced from the NiWest laterite development in Western Australia for the first five years.

NiWest has been substantially derisked

NiWest has been substantially derisked

Alliance (previously GME Resources) and Stellantis entered into a non-binding agreement last October, and have now finalised terms for a A$15 million placement giving the European firm 11.5% in the explorer...

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