SQM Partners with Ivanhoe Electric to Explore Copper in Northern Chile

Reuters
Jan 27
SQM Partners with Ivanhoe Electric to Explore Copper in Northern Chile

Sociedad Química y Minera de Chile $(SQM)$ has entered into a definitive collaboration and exploration agreement with Ivanhoe Electric Inc. to explore 2,002 square kilometers of SQM's mining property in northern Chile for copper deposits. The three-year initial phase will see SQM invest US$9 million, utilizing Ivanhoe Electric's Typhoon™ geophysical surveying system and data inversion software from Computational Geoscience Inc. If exploration results are successful, the partnership could evolve into a 50/50 joint venture, with SQM holding the option to operate and select the CEO of the venture.

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