SQM and Ivanhoe Electric Launch Copper Exploration Partnership in Chile

Reuters
Jan 30
SQM and Ivanhoe Electric Launch Copper Exploration Partnership in Chile

Sociedad Química y Minera de Chile $(SQM)$ has entered into a definitive collaboration and exploration agreement with Ivanhoe Electric to explore 2,002 square kilometers of SQM’s mining property in northern Chile for copper deposits. The initial phase involves a US$9 million investment from SQM to fund three years of exploration, utilizing Ivanhoe Electric’s Typhoon™ geophysical surveying technology and data inversion software. If exploration results are successful, the partnership could lead to the formation of a 50/50 joint venture, with SQM having the option to operate and select the joint venture’s CEO.

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