International Battery Metals Ltd (IBATF)

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SQMs royalty rate to CORFO is based on a progressive rate of the final sale price.
In regard to lithium carbonate, the current rate of 6.8% on FOB sales shall be changed to the following structure of progressive rates based on the final sale price:
Price US$/MT Li2CO3
Lease payment rate
$0 - $4,000 $4,000 - $5,000 $5,000 - $6,000 $6,000 - $7,000 $7,000 - $10,000 > $10,000
6.8%
8.0% 10.0% 17.0% 25.0% 40.0%
As an example and considering a price of US$12,600 per metric ton (similar to the average price seen in the third quarter of 2017), the lease rate would have been equal to 19.14%.

http://s1.q4cdn.com/793210788/files/doc_news/2018/PR_Corfo_17jan2018_ing.pdf