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AUSTRALIA, 11 October 2022: GME Resources and Stellantis have signed a non-binding memorandum of understanding for the upcoming sale of quantities of nickel and cobalt sulphate goods suitable for batteries from the NiWest Nickel-Cobalt Project in Western Australia.
Nickel-cobalt development project
Nickel-cobalt development project NiWest will produce battery-grade nickel and cobalt sulphate for electric vehicles at a rate of approximately 90,000 tons per year (TPA).
An official feasibility study is due to begin this month following USD 19m invested in drilling, metallurgical testing, and development studies.
The largest nickel-cobalt plant in Australia, Murrin, which is operated by Glencore, is 30 kilometers (Km) from the proposed location of the processing facility.
Prior agreement with Stellantis
Early this year, Stellantis signed agreements with Vulcan Energy and Controlled Thermal Resources for its supply of low-carbon lithium hydroxide in Europe and North America, respectively.
Comments
“Securing the raw material sources and battery supply will strengthen our value chain for electric vehicle battery production,” said Maxime Picat, Stellantis chief purchasing and supply chain officer.
Paul Kopejtka, GME managing director said, “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 [feasability study]. A definitive agreement with Stellantis would be a critical step in being able to progress the project through to commercial operations.”
