Stellantis anuncia una inversión estratégica en cobre en Argentina, reforzando el compromiso de alcanzar las cero emisiones netas de carbono en 2038

• Con una inversión de US$155 millones en McEwen Copper, Stellantis se asegura el abastecimiento de la demanda de cobre proyectada a partir de 2027.
• Stellantis se convierte en el segundo mayor accionista.
• Mina de cobre sostenible, proyecto Los Azules, ubicada en Argentina.
• El cobre catódico es una materia prima estratégica para la producción de baterías para vehículos eléctricos.

AMSTERDAM, MADRID, febrero 28, 2023 - Stellantis anunció ayer una inversión de US$155 millones en un proyecto ubicado en Argentina, que hará una contribución importante al plan de la compañía de alcanzar las cero emisiones netas de carbono en 2038. Stellantis está adquiriendo una participación accionaria del 14,2% en McEwen Copper, una filial de la empresa minera canadiense McEwen Mining, propietaria del proyecto Los Azules en Argentina y del proyecto Elder Creek en Nevada, EE.UU.

Con esta participación, Stellantis será el segundo mayor accionista de McEwen Copper junto con Rio Tinto, a través de su empresa de tecnología de lixiviación de cobre, Nuton. Los Azules prevé producir 100.000 toneladas anuales de cobre catódico con una pureza del 99,9% a partir de 2027 y los recursos pueden asegurar la operación durante al menos 33 años.

“Stellantis tiene la intención de liderar la industria con el compromiso de cero emisiones netas de carbono en 2038, una meta que requiere innovación y una redefinición completa de todo el negocio”, expresó Carlos Tavares, CEO de Stellantis. “Estamos dando pasos importantes en Argentina y Brasil, con el objetivo de descarbonizar la movilidad y asegurar el abastecimiento estratégico de materias primas necesarias para el éxito de los planes globales de electrificación de la compañía” agregó Tavares.

El cobre es una materia prima estratégica para el futuro de la movilidad eléctrica y se estima que la demanda mundial del metal conductor se triplicará en los próximos años. Al realizar esta inversión en uno de los 10 proyectos internacionales más grandes en desarrollo para esta materia prima, Stellantis podrá abastecer parte de la demanda de cobre proyectada a partir de 2027.

Rob McEwen, McEwen Cooper Chief Executive, afirmó: “Stellantis y McEwen son socios ideales para un gran proyecto como Los Azules. Juntos, compartimos la visión de construir una mina para el futuro basada en principios regenerativos y tecnologías innovadoras que puedan lograr cero emisiones netas de carbono para 2038. Tenemos el compromiso de entregar de manera sostenible cobre a Argentina y al mundo, un producto que contribuya a la electrificación del transporte y la protección de nuestra atmósfera”.

Este anuncio refuerza la participación de América del Sur en la implementación del plan estratégico a largo plazo Dare Forward 2030, comprometido con la libertad de movilidad de vanguardia.

Como parte del plan estratégico Dare Forward 2030, Stellantis prevé alcanzar el 100% de participación de vehículos eléctricos (BEV) en el mix de ventas de turismos en Europa y el 50 % en el mix de ventas de turismos y vehículos comerciales ligeros BEV en los Estados Unidos para 2030. En Brasil el objetivo aproximado es ofrecer un 20% de LEV en el mix de ventas al final de la década. El plan está apoyado por una ambiciosa estrategia de descarbonización consistente con las recomendaciones basadas en la ciencia. A través de objetivos contundentes y claros, para 2030⁽¹⁾ el plan es reducir su huella de emisiones de carbono a la mitad en comparación con las métricas de 2021, poniendo a la compañía en el camino para lograr cero emisiones netas de carbono en 2038⁽²⁾. 

# # #

ABOUT STELLANTIS

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep_®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

ABOUT MCEWEN COPPER

McEwen Copper Inc. holds 100% interest in the Los Azules copper project in San Juan, Argentina and the Elder Creek project in Nevada, USA. Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). Its current copper resources are estimated at 10.2 billion pounds at a grade of 0.48% Cu (Indicated category) and an additional 19.3 billion pounds at a grade of 0.33% Cu (Inferred category).

For more information, contact:

Fernão SILVEIRA +31 6 43 25 43 41 – fernao.silveira@stellantis.com

Fabricio BIONDO +55 11 99299 2833 – fabricio.biondo@stellantis.com

communications@stellantis.com

www.stellantis.com

Stellantis FORWARD-LOOKING STATEMENTS

This communication contains forward-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them.

Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the impact of the COVID-19 pandemic, the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; changes in local economic and political conditions, changes in trade policy and the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; Stellantis’ ability to expand certain of their brands globally; its ability to offer innovative, attractive products; its ability to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the intense level of competition in the automotive industry, which may increase due to consolidation; exposure to shortfalls in the funding of Stellantis’ defined benefit pension plans; the ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the establishment and operations of financial services companies; the ability to access funding to execute Stellantis’ business plans and improve its businesses, financial condition and results of operations; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis’ vehicles; Stellantis’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with our relationships with employees, dealers and suppliers; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis’ vehicles; developments in labor and industrial relations and developments in applicable labor laws; exchange rate fluctuations, interest rate changes, credit risk and other market risks; political and civil unrest; earthquakes or other disasters; and other risks and uncertainties.

Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. 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.