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This $189 Billion Revenue Automaker Just Bet $90 Million that Argentina Lithium (LIT.V) will Become a Producer
(TheNewswire) October 6, 2023 – TheNewswire – Global Stocks News – On ...
About this update from Argentina Lithium & Energy Corp.
[{"type":"text","content":"This $189 Billion Revenue Automaker Just Bet $90 Million that Argentina Lithium (LIT.V) will Become a Producer\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n October 6, 2023 – TheNewswire – Global Stocks News –\n \n On October 5, 2023 Argentina Lithium\n \n \n (TSXV: LIT) (FSE: OAY3) (OTC: PNXLF) announced that it has\n \n \n \n closed a deal with $189 billion revenue\nautomaker Stellantis (NYSE: STLA)\n \n \n \n .\n \n \n \n \n According to the terms of the deal, Stellantis will\n \n strategically invest USD $90 million in funding, resulting in\nnew entity ALE,\n \n 19.9% owned by Stellantis, 80.1% by\nArgentina Lithium.\n \n \n \n Resource and tech companies like to talk about inflows of “smart\nmoney”.  But the “smart money” often exits before the retail\ninvestors.  For Stellantis, there is only one winning position from\nits $90 million investment: Argentina Lithium becomes a producer.\n \n \n \n LIT is developing a number of high-quality lithium\nprojects in Argentina and advancing them toward production in order to\nmeet the growing global demand from the battery sector.\n \n \n \n The deal will give Argentina Lithium the financial resources to\naccelerate the development of its lithium assets, while providing\nStellantis with up to 15,000 tonnes of lithium per annum, for a 7-year\nperiod when LIT becomes a lithium producer.\n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n Stellantis, one of the world's largest automakers, is known for its\nmajor brands such as\n \n Abarth, Alfa Romeo, Chrysler,\nCitroën, Dodge, DS Automobiles, Fiat, Jeep\n \n \n ®\n \n \n , Lancia,\nMaserati, Opel, Peugeot, RAM, Vauxhall, Free2Move and Leasys.\n \n \n \n \n STLA has a sprawling global footprint, with operations\nin Europe, North America, the Middle East, Africa, South America,\nChina and India. The market cap is $59 billion.\n \n \n \n Last reported full-year Stellantis\nrevenue (2022)\n \n \n \n was USD $189 billion.\n \n \n \n \n Stellantis booked explosive 41% y-o-y growth in Battery\nElectric Vehicles (BEV).  Unlike hybrids, BEVs are powered\nexclusively by a battery-operated electric motor, which is charged via\nthe power grid.\n \n \n \n \n \n \n \n \n Click Image...