Argentina Lithium & Energy Corp. (ALE) has announced it has closed a $90 million investment by Stellantis.

Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V. has invested US$90 million in Argentina to acquire shares of ALE.

According to GlobalData’s deals database, ALE has granted Stellantis the right to exchange all of the ALE Shares for up to 19.9% of the outstanding common shares of Argentina Lithium (on an undiluted basis) in the future, subject to certain conditions set out in an exchange agreement.

On the announcement of the investment, Argentina Lithium President & Chief Executive Officer Nikolaos Cacos said: “We are delighted to have Stellantis as a partner in the future development of our lithium projects in Argentina. Together, we share a vision to build a sustainable lithium mining operation for the future. We look forward to a strong and successful relationship with Stellantis and we are committed to delivering a sustainable lithium product that will contribute to the electrification of transportation and the protection of our atmosphere.”

In connection with the transaction, the parties have also entered into a lithium offtake agreement, a shareholders’ agreement with respect to ALE.

Argentina Lithium and Stellantis will enter into an investor rights agreement, with the processed of the transaction being used to advance development of the ALE’s lithium projects held through its wholly owned subsidiary in Argentina.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Our signals coverage is powered by GlobalData’s Thematic Engine, which tags millions of data items across six alternative datasets — patents, jobs, deals, company filings, social media mentions and news — to themes, sectors and companies. These signals enhance our predictive capabilities, helping us to identify the most disruptive threats across each of the sectors we cover and the companies best placed to succeed.