Stellantis N.V. and Element 25 announced the signing of a binding agreement for Element 25 to supply battery grade, high purity manganese sulphate monohydrate to Stellantis for use in electric vehicle, or EVm battery packs. The five-year agreement calls for shipments to begin in 2026, a total volume of 45 kilotons, and options to extend the supply term and volumes. Element 25 will source the material from its Butcherbird project in Western Australia and plans to construct a processing facility in the United States. Stellantis will make an equity investment in Element 25. Performance of the parties under the binding term sheet is conditioned on satisfactory completion of technical due diligence and a feasibility study.
Published first on TheFly
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