Niocorp Developments Ltd (NB)

[PutzMueler]

I did a Chat Bot question about Stellantis and Archer relationship.
This is the answer I got.

Keep in mind I don't know if this recent 8.3m shares purchased, are included.
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Certainly! Let’s delve into the ownership details of Archer Aviation in relation to Stellantis:

Stellantis and Archer Partnership:
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) and Archer Aviation Inc. (NYSE: ACHR) have significantly expanded their partnership.
They are collaborating to manufacture Archer’s flagship electric vertical take-off and landing (eVTOL) aircraft called Midnight.
The manufacturing facility for the Midnight aircraft is planned to be set up in Covington, Georgia, with production expected to begin in 2024.
The Midnight eVTOL aircraft is designed to be safe, sustainable, quiet, and capable of carrying four passengers plus a pilot, with an expected payload of over 1,000 pounds.
It has a range of 100 miles and is optimized for short-distance trips of around 20 miles, with a quick charging time of approximately 10 minutes between flights1.
Stellantis’ Contributions:
Stellantis brings its advanced manufacturing technology, expertise, experienced personnel, and capital to the partnership.
Their goal is to mass-produce Archer’s eVTOL aircraft as the exclusive contract manufacturer.
As a sign of commitment, Stellantis will provide up to $150 million in equity capital for potential draw by Archer in 2023 and 2024.
Additionally, Stellantis intends to increase its strategic shareholding in Archer through future purchases of Archer stock in the open market1.
Recent Increase in Stellantis’ Stake:
Stellantis has recently increased its stake in Archer Aviation.
The exact percentage of total ownership was not disclosed, but Stellantis Europe S.p.A., a subsidiary, directly owns 7,500,000 shares of Archer Aviation2.
As of now, Stellantis beneficially owns 33.79 million shares of ACHR stock, equivalent to a 15.1% ownership stake3.
In summary, Stellantis is playing a crucial role in Archer Aviation’s journey toward commercialization, contributing both capital and manufacturing expertise. Their collaboration aims to revolutionize urban air mobility with the innovative Midnight eVTOL aircraft.

https://www.stellantis.com/en/news/press-releases/2024/march/stellantis-signals-its-continued-confidence-in-archer-by-further-increasing-its-strategic-shareholding-in-the-company