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storm1

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storm1

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Monday, 03/28/2016 2:02:15 PM

Monday, March 28, 2016 2:02:15 PM

Post# of 10474
HUGE NEWS SQM •This joint venture went into effect following a capital contribution of $25 mln by SQM in exchange for a 50% ownership stake in Minera Exar, a wholly owned subsidiary of LAC. This amount includes $15 mln to cover intercompany loans between Minera Exar and LAC; the remaining $10 mln will be allocated to project development. SQM and LAC intend to immediately advance a work and engineering plan, which contemplates completion of an updated definitive feasibility study based on an existing study for Caucharí that was completed by Minera Exar in 2012
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