INSUBCONTINENT EXCLUSIVE:
partner for developing the Salar de Maricunga lithium project in northern Chile.The partnership agreement establishes terms for a joint
venture that positions Chile to expand its role in the global lithium market
Under the deal, Rio Tinto will acquire a 49.99% stake in the project while Codelco maintains controlling interest with 50.01%.The
followed extensive groundwork by Codelco teams, including site visits to Maricunga.They also conducted presentations for interested parties
and responded to numerous information requests from potential partners
This thorough process ensured the selection of a partner with appropriate technical expertise and financial capacity.Rio Tinto CEO Jakob
Stausholm expressed honor at being chosen to develop this world-class project
The companies plan to utilize Direct Lithium Extraction technology, a more efficient and environmentally friendly alternative to traditional
capitalize on previous exploration work, engineering studies, and environmental permits already secured for the salt flat.This partnership
and capital to maximize their value.
