Tianqi Lithium Challenges CMF’s Partnership Agreement Decision

Tianqi Lithium Corp. Class H (HK:9696) has released an update.

Tianqi Lithium Corp. has challenged the Chilean Financial Market Commission’s (CMF) decision regarding a partnership agreement between its investee SQM and Codelco. The company’s subsidiary, Tianqi Chile, believes the agreement should be decided by a shareholder meeting, as per the Chilean Corporations Law, and not just the SQM board. After the CMF rejected its appeal, Tianqi Chile has filed a claim of illegality in a Chilean court.

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