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the heavyweights ... and high probability of more corporate action, with RIO, Abermarle, SQM sniffing around, let alone the end users, Koreans, Chinese and Tesla, looking for future supply.
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Chile's global lithium giant, SQM, continues to enhance its Australian holdings, having recently acquired a 30% stake in the Calidus Resources Pilbara lithium project. This move marks the latest in a series of deals in 2023 that have seen SQM aligning with promising lithium projects and their promoters.

SQM's involvement in Australia includes a 50-50 joint venture with Wesfarmers in Covalent Lithium, featuring the Mount Holland mine valued at over $2 billion and a hydroxide refinery in Kwinana, Western Australia.

Additionally, SQM has entered into an earn-in agreement with Tambourah Metals for the Julimar North Project in Western Australia, situated near Chalice Mining's substantial Gonneville project.

This deal with Calidus Resources comes on the heels of SQM's $4.2 million investment in Azure Minerals in January, solidifying its position as the largest shareholder in the lithium junior. SQM plans to further invest $15.8 million ($10.6 million) in Azure. SQM has also engaged in smaller farm-in agreements with various Australian companies, including Kalamazoo Resources and Dart Mining.

As part of its agreement with Calidus Resources, SQM will make an initial investment of $1.5 million, with the potential to invest up to A$3 million to acquire an initial 50% interest in all mineral rights at Julimar.

In the most recent deal, Calidus Resources announced that SQM will purchase a 30% stake in the Pirra project from its joint venture partner, Haoma Mining. Calidus stated that SQM's total interest in Pirra Lithium Limited will ultimately reach 40% through a $3 million injection to support exploration efforts.

<blockquote data-quote="Dona Ferentes" data-source="post: 1248690" data-attributes="member: 66457">the heavyweights ... and high probability of more&nbsp; corporate action,&nbsp; with RIO,&nbsp; Abermarle, SQM sniffing around, let alone the end users, Koreans,&nbsp; Chinese and Tesla, looking for future supply. .&nbsp;Chile&#039;s global lithium giant, SQM, continues to enhance its Australian holdings, having recently acquired a 30% stake in the Calidus Resources Pilbara lithium project. This move marks the latest in a series of deals in 2023 that have seen SQM aligning with promising lithium projects and their promoters.SQM&#039;s involvement in Australia includes a 50-50 joint venture with Wesfarmers in Covalent Lithium, featuring the Mount Holland mine valued at over $2 billion and a hydroxide refinery in Kwinana, Western Australia.Additionally, SQM has entered into an earn-in agreement with Tambourah Metals for the Julimar North Project in Western Australia, situated near Chalice Mining&#039;s substantial Gonneville project.This deal with Calidus Resources comes on the heels of SQM&#039;s $4.2 million investment in Azure Minerals in January, solidifying its position as the largest shareholder in the lithium junior. SQM plans to further invest $15.8 million ($10.6 million) in Azure. SQM has also engaged in smaller farm-in agreements with various Australian companies, including Kalamazoo Resources and Dart Mining.As part of its agreement with Calidus Resources, SQM will make an initial investment of $1.5 million, with the potential to invest up to A$3 million to acquire an initial 50% interest in all mineral rights at Julimar.In the most recent deal, Calidus Resources announced that SQM will purchase a 30% stake in the Pirra project from its joint venture partner, Haoma Mining. Calidus stated that SQM&#039;s total interest in Pirra Lithium Limited will ultimately reach 40% through a $3 million injection to support exploration efforts.</blockquote>

[QUOTE="Dona Ferentes, post: 1248690, member: 66457"] the [I][B]heavyweights[/B] ... and [COLOR=rgb(209, 72, 65)]high probability of more corporate action, with RIO, Abermarle, SQM sniffing around, let alone the end users, Koreans, Chinese and Tesla, looking for future supply[/COLOR]. [COLOR=rgb(243, 121, 52)].[/COLOR][/I] Chile's global lithium giant, [COLOR=rgb(41, 105, 176)]SQM, continues to enhance its Australian holdings, having recently acquired a 30% stake in the [B]Calidus[/B] Resources Pilbara lithium project. This move marks the latest in a series of deals in 2023 that have seen SQM aligning with promising lithium projects and their promoters. SQM's involvement in Australia includes a 50-50 joint venture with [B]Wesfarmers[/B] in Covalent Lithium, featuring the Mount Holland mine valued at over $2 billion and a hydroxide refinery in Kwinana, Western Australia. Additionally, SQM has entered into an earn-in agreement with [B]Tambourah[/B] Metals for the Julimar North Project in Western Australia, situated near Chalice Mining's substantial Gonneville project. This deal with Calidus Resources comes on the heels of SQM's $4.2 million investment in [B]Azure[/B] Minerals in January, solidifying its position as the largest shareholder in the lithium junior. SQM plans to further invest $15.8 million ($10.6 million) in Azure. SQM has also engaged in smaller farm-in agreements with various Australian companies, including [B]Kalamazoo[/B] Resources and [B]Dart[/B] Mining. As part of its agreement with Calidus Resources, SQM will make an initial investment of $1.5 million, with the potential to invest up to A$3 million to acquire an initial 50% interest in all mineral rights at Julimar. In the most recent deal, Calidus Resources announced that SQM will purchase a 30% stake in the Pirra project from its joint venture partner, Haoma Mining. Calidus stated that SQM's total interest in Pirra Lithium Limited will ultimately reach 40% through a $3 million injection to support exploration efforts.[/COLOR] [/QUOTE]

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