Car marker Stellantis has canned its offtake agreement with Alliance Nickel, as the battery metals aspirant defers its flagship project's development amid project financing woes.
A WA nickel aspirant believes the market for the maligned metal is on the brink of resurgence, while outlining the economics of its goal to build a $1.6 billion project.
Alliance Nickel has ambitious plans to start producing from its NiWest battery metals project around the same time BHP Nickel West hopes to restart its operations in 2027.
Perth-based Alliance Nickel has posted positive news in a challenging market for its namesake metal, securing a $4 million loan facility to progress the NiWest project in WA.
This week's Bulls N' Bears Runner of the Week is … Iceni Gold. Its “WA Budget week” share price leapt more than 307 per cent after the discovery of more gold-bearing veins at its Christmas Gift target. The company joins fellow movers and shakers Alliance Nickel, OZZ Resources and Caprice Resources on this week's coveted list.
Alliance Nickel has struck a $15 million offtake agreement with automotive manufacturer Stellantis to supply battery grade materials for electric vehicles.
Our weekly appointments wrap includes David Edwards, Laura Benger, Simon Taylor, Nathan Charles, Mark Davies, Teck Lim, Dirk Adams, Josh Robertson, Ben Bradstreet, Chris Wyhoon, Nicole Batten and Debbie Gillam.
Nickel junior GME Resources has lined up a potential offtake deal with global automotive manufacturer Stellantis as it sounds out investors for a planned capital raising.
Our board moves wrap includes James Moses, Brett Smith, Mark Elliott, Paul Boyatzis, Mike Young, Grant Davey, Paul Kopejtka, James Sullivan, Michael Fischer, David McEntaggart, Jonathan Lea, Annie Guo, and Michael Higginson.
Peter Sullivan-led Zeta Resources is set to increase its position in Perth-based nickel company GME Resources to nearly 50 per cent following the acquisition of investment firm Axelrock for $50.1 million.
GME Resources is in the box seat to buy the 62 per cent interest in NiWest Limited that it does not already own from the receivers and managers of Western Metals Limited.
