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A major automaker buys a stake in a lithium developer

Kitco News

Carmaker Stellantis bought an 8% stake in direct lithium extraction company Vulcan Energy Resources for $52 million this week.

On Friday Kitco Roundtable's Michael McCrae sat down with the CEO of Golden Shield Resources, Leo Hathaway. Kitco correspondent Paul Harris and editor Neils Christensen recorded a segment from the Yukon, where they are participating in a mine tour.

Amsterdam-based Stellantis was formed from the merger of Fiat Chrysler Automobiles and the French PSA Group. Revenues in 2021 were $160 billion.

Golden Shield Resources (CSE:GSRI) is a gold-exploration company focused on three, 100% owned, exploration projects in Guyana, South America.

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