Stellantis And NioCorp Sign Rare Earth Offtake Term Sheet In Support Of Stellantis' Commitment To Reaching Carbon Net Zero By 2038
Portfolio Pulse from Happy Mohamed
Stellantis and NioCorp have signed a Rare Earth Offtake Term Sheet, aiming to enter into a definitive rare earth supply agreement. This is in support of Stellantis' commitment to reach carbon net zero by 2038 and to accelerate NioCorp's path to commercial production of magnetic rare earth oxides in the U.S. The term sheet also envisions a possible strategic investment by Stellantis in NioCorp's Elk Creek Critical Minerals Project.
July 06, 2023 | 3:33 pm
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POSITIVE IMPACT
NioCorp's partnership with Stellantis for a rare earth supply agreement could accelerate its path to commercial production of magnetic rare earth oxides in the U.S. This could also lead to a strategic investment by Stellantis in NioCorp's Elk Creek Project.
The partnership with Stellantis could accelerate NioCorp's path to commercial production and provide a reliable customer. The potential investment by Stellantis in the Elk Creek Project could provide financial support.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stellantis' partnership with NioCorp for a rare earth supply agreement supports its commitment to reach carbon net zero by 2038. This could also lead to a strategic investment in NioCorp's Elk Creek Project.
The partnership with NioCorp supports Stellantis' commitment to sustainability and could enhance its supply chain resilience. The potential investment in the Elk Creek Project could provide strategic benefits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80