SQM Announces Copper Mining Exploration Partnership With Ivanhoe Electric In Northern Chile; The Initial Phase Includes A $9M Investment From SQM For 3-Years' Exploration
Benzinga Newsdesk 9 months ago
NewsGlobal
Chilean lithium miner SQM said on Tuesday it had reached an agreement for a copper mining exploration partnership with Ivanhoe Electric in northern Chile, covering an area of just over 2,000 square kilometers (770 square
Chilean lithium miner SQM said on Tuesday it had reached an agreement for a copper mining exploration partnership with Ivanhoe Electric in northern Chile, covering an area of just over 2,000 square kilometers (770 square miles).
If successful, the partnership could lead to a 50/50 joint venture where SQM SQMA.SN could have the option to operate and decide the partnership's CEO, the Chilean miner said.
The initial phase includes a $9 million investment from SQM for three years' exploration, it added.