Leasi Papali'i Tommy Scanlan

McEwen Copper Closes ARS $42 Billion Investment by Stellantis

Retrieved on: 
Wednesday, October 11, 2023
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Stellantis N.V. (“Stellantis”), which in February 2023 invested ARS $30 billion, has today invested an additional ARS $42 billion in Argentina to acquire shares of McEwen Copper in a private placement of 1,900,000 common shares.

Key Points: 
  • Stellantis N.V. (“Stellantis”), which in February 2023 invested ARS $30 billion, has today invested an additional ARS $42 billion in Argentina to acquire shares of McEwen Copper in a private placement of 1,900,000 common shares.
  • Giving effect to the pending investment by Nuton LLC, also announced today, Stellantis increases its ownership to 19.4% of McEwen Copper and McEwen Mining owns 47.7% on a fully diluted basis.
  • In connection with the Transaction, McEwen Copper and certain of its affiliates amended the Investor Rights Agreement with Stellantis (the "Stellantis IRA”) and the Copper Cathodes and Concentrates Purchase Rights Agreement (the “CCCPRA”), further described below.
  • The Stellantis IRA was amended to make the Carbon Neutral Commitment by 2028 not contingent on Stellantis maintaining a certain minimum ownership percentage in McEwen Copper.

Argentina Lithium Closes US$90 Million Investment by Stellantis in ARS$ Equivalent

Retrieved on: 
Thursday, October 5, 2023
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VANCOUVER, BC, Oct. 5, 2023 /PRNewswire/ - Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina Lithium" or the "Company") is pleased to announce closing of the US$90 million1 investment in AR$ equivalent in Argentina Litio y Energia S.A. ("ALE") by Stellantis (defined below) (the "Transaction"), as previously announced in the Company's news release dated September 27, 2023.

Key Points: 
  • VANCOUVER, BC, Oct. 5, 2023 /PRNewswire/ - Argentina Lithium & Energy Corp. (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF), ("Argentina Lithium" or the "Company") is pleased to announce closing of the US$90 million1 investment in AR$ equivalent in Argentina Litio y Energia S.A. ("ALE") by Stellantis (defined below) (the "Transaction"), as previously announced in the Company's news release dated September 27, 2023.
  • Pursuant to the Transaction, Peugeot Citroen Argentina S.A., a subsidiary of Stellantis N.V. ("Stellantis"), has invested the ARS$ equivalent of US$90 million1 in Argentina to acquire shares of ALE (the "ALE Shares").
  • In connection with the Transaction, the parties have also entered into a lithium offtake agreement, a shareholders' agreement with respect to ALE and, upon exercise of the Exchange Right, Argentina Lithium and Stellantis will enter into an investor rights agreement.
  • As a result of the Transaction, Stellantis owns 19.9% of the issued and outstanding ALE Shares and Argentina Lithium owns 80.1%.

Argentina Lithium Announces US$90 Million Investment by Stellantis in ARS$ Equivalent

Retrieved on: 
Wednesday, September 27, 2023
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As a result of the Transaction, Stellantis will own 19.9% of the issued and outstanding ALE Shares and Argentina Lithium will own 80.1%.

Key Points: 
  • As a result of the Transaction, Stellantis will own 19.9% of the issued and outstanding ALE Shares and Argentina Lithium will own 80.1%.
  • 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.
  • At closing of the Transaction, Argentina Lithium and Stellantis will enter into an exchange agreement (the "Exchange Agreement").
  • In addition, upon exercise of the Exchange Right, Argentina Lithium will enter into an Investor Rights Agreement with Stellantis (the "Stellantis IRA").

Stellantis Posts Strong Growth and Sets New Records in Net Revenues, AOI(1) and Net Profit in the First Half of 2023

Retrieved on: 
Wednesday, July 26, 2023
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AMSTERDAM, July 26, 2023 - Stellantis N.V. continues to deliver value across multiple dimensions, posting strong growth and setting new records in Net revenues, AOI and Net profit, while driving a transformative, cost-effective product pivot to electrified and software-defined vehicles across its 14 iconic brands.

Key Points: 
  • AMSTERDAM, July 26, 2023 - Stellantis N.V. continues to deliver value across multiple dimensions, posting strong growth and setting new records in Net revenues, AOI and Net profit, while driving a transformative, cost-effective product pivot to electrified and software-defined vehicles across its 14 iconic brands.
  • Stellantis now ranks third in EU30 overall BEV sales and second in the U.S. market for LEV sales.
  • On July 26, 2023 at 2:00 p.m. CEST / 8:00 a.m. EDT, a live webcast and conference call will be held to present Stellantis' First Half 2023 Results.
  • The webcast and recorded replay will be accessible under the Investors section of the Stellantis corporate website at www.stellantis.com .

Stellantis Invests in Lyten's Breakthrough Lithium-sulfur EV Battery Technology

Retrieved on: 
Thursday, May 25, 2023
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This technology will meet the needs of industries seeking lightweight and energy-dense batteries that are free from supply chain disruptions.

Key Points: 
  • This technology will meet the needs of industries seeking lightweight and energy-dense batteries that are free from supply chain disruptions.
  • Stellantis launched Stellantis Ventures in 2022 as a venture capital fund committed to investing in early and later-stage startup companies developing innovative and sustainable technologies within the automotive and mobility sectors.
  • For press kit: lyten.com/media-kit/
    Established with an initial investment of €300 million, Stellantis Venture is the first Stellantis corporate venture fund.
  • Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis' financial results, is included in Stellantis' reports and filings with the U.S. Securities and Exchange Commission and AFM.

Stellantis Strengthens and Streamlines European Financing and Leasing Services with Two New Simplified Organizations

Retrieved on: 
Tuesday, April 4, 2023
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Banque PSA Finance is now renamed Stellantis Financial Services and will have a single financing entity per country covering all Stellantis brands, in partnership with BNP Paribas Personal Finance and Santander Consumer Finance.

Key Points: 
  • Banque PSA Finance is now renamed Stellantis Financial Services and will have a single financing entity per country covering all Stellantis brands, in partnership with BNP Paribas Personal Finance and Santander Consumer Finance.
  • Stellantis also announces the creation of a multi-brand operational leasing company, Leasys, which is a 50/50 joint venture with Crédit Agricole Consumer Finance following the consolidation of Leasys and Free2move Lease.
  • Its objective is to become the European leasing leader with the target of reaching a fleet of one million vehicles by 2026.
  • “Today marks the birth of Stellantis Financial Services, a major player in European automotive financing, and of the new consolidated Leasys,” said Philippe de Rovira, Stellantis Chief Affiliates Officer.

A New Step for Kenitra Site to Support Growth Plans for Middle East and Africa Region

Retrieved on: 
Wednesday, November 9, 2022
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This enhanced capacity supports the Companys growth plans for Middle East and Africa region, as it pushes to a production capacity of one million vehicles per year by 2030, while reaching 70% local integration, as outlined in Stellantis Dare Forward 2030 strategic plan.

Key Points: 
  • This enhanced capacity supports the Companys growth plans for Middle East and Africa region, as it pushes to a production capacity of one million vehicles per year by 2030, while reaching 70% local integration, as outlined in Stellantis Dare Forward 2030 strategic plan.
  • Together, we have succeeded in positioning Kenitra as a leading Stellantis industrial site and in converting it into a key contributor of our bold ambition in the Middle East and Africa region, leveraging the potential of the newly launched smart car platform that will be core to our vehicle offerings in the region by 2030.
  • The smart car platform is intended to further support Stellantis product offerings and will represent 40% of the regions mobility offerings by 2030.
  • At Stellantis, we commit to offer our Middle East and Africa customers clean, safe and affordable mobility.

Stellantis Hordain: First Plant in the World to Produce Hydrogen-powered, Electric and Combustion Engine Commercial Vehicles

Retrieved on: 
Thursday, October 27, 2022
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Todays announcement demonstrates the Stellantis commitment to investing in France in the latest technologies, and to supporting low-carbon mobility based on the One Company principle,Tavares stated.

Key Points: 
  • Todays announcement demonstrates the Stellantis commitment to investing in France in the latest technologies, and to supporting low-carbon mobility based on the One Company principle,Tavares stated.
  • These hydrogen-powered vehicles will be assembled on the sites multi-energy line, which already produces the electric and combustion engine versions of the K-Zero daily.
  • Launched in 2021, Stellantis is the first manufacturer in the world to market this type of vehicle.
  • Inaugurated in 1994, the Hordain site lies at the heart of the industrial strategy at the Stellantis commercial vehicles division.

Stellantis Energizes Paris Motor Show with Electrified Portfolio Taking Center Stage

Retrieved on: 
Monday, October 17, 2022
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Stellantis CEO Carlos Tavares and President of the French Republic Emmanuel Macron today announced that the Mulhouse facility will produce the future Peugeot e-308 sedan and station wagon and Peugeot e-408 .

Key Points: 
  • Stellantis CEO Carlos Tavares and President of the French Republic Emmanuel Macron today announced that the Mulhouse facility will produce the future Peugeot e-308 sedan and station wagon and Peugeot e-408 .
  • Company to have a total of 12 battery electric vehicles (BEVs) produced in France in five factories by 2024 with one million vehicle manufacturing capacity installed.
  • In addition, key electric components (e-motors), e-DCTs gearboxes and batteries will be produced in seven sites in France using French technologies.
  • Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the worlds leading automakers and a mobility provider.

Stellantis Further Expands Software Hub: Inaugurates New, State-of-the-Art Software and Technology Center in Bengaluru, India

Retrieved on: 
Wednesday, October 12, 2022
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Stellantis Further Expands Software Hub: Inaugurates New, State-of-the-Art Software and Technology Center in Bengaluru, India

Key Points: 
  • Stellantis Further Expands Software Hub: Inaugurates New, State-of-the-Art Software and Technology Center in Bengaluru, India
    Stellantis achieves another milestone in India with new software office in Bengaluru, supporting Dare Forward 2030 strategic plan
    New office is spread across 50,000 sq.
  • ft. and will serve as the primary development site for the STLA SmartCockpit
    MUMBAI, AMSTERDAM, Oct. 12, 2022 - Stellantis inaugurated today a new software center in Bengaluru, Karnataka, India.
  • The new center will focus on the development of software and technological innovations crucial to the advancement of automobiles and mobility.
  • The new center was launched by Yves Bonnefont, Chief Software Officer at Stellantis, together with the Stellantis India top management team.