Tianqi Lithium Corp. Class H (HK:9696) has released an update.
Tianqi Lithium Corporation reports that the Chilean Financial Market Commission (CMF) has rejected the request for an extraordinary shareholders’ meeting to decide on a significant partnership agreement involving the company’s major investee, SQM. There remains uncertainty about the fulfillment of other conditions for the joint venture, which is not expected to impact the company’s 2024 financials. Tianqi Lithium is unable to ascertain the cumulative impact of the partnership on its investment returns and will continue to monitor the situation for any financial adjustments needed.
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