Tianqi Lithium Corp. Class H (HK:9696) has released an update.
Tianqi Lithium Corporation has announced a major agreement involving its investee, Sociedad Química y Minera de Chile (SQM), and Corporación Nacional del Cobre de Chile (Codelco) to establish a joint venture. This partnership aims to sustainably produce high-quality lithium products in the Salar de Atacama until 2060, with SQM currently holding a 22.16% stake in SQM. Amidst calls for transparency and comprehensive information, Tianqi Lithium seeks to responsibly evaluate the financial and governance implications of this significant collaboration.
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