Stellantis, the automaker behind Chrysler and Alfa Romeo among others, is buying almost a fifth of Argentina Lithium & Energy (TSXV: LIT) for $90 million.

The deal with the holder of four early-stage exploration projects includes a seven-year offtake agreement for up to 15,000 tonnes of lithium annually based on market prices, the companies said in a news release on Wednesday. Stellantis gets a seat on the lithium company’s board.

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