There is a lot at stake for Potash Corp, which purchased its interest in SQM piecemeal a decade ago and could stand to earn billions in the transaction.
Azincourt says the 6,000-hectare land package included in its agreement with New Age Metals represents the largest mineral claim holdings of projects for the lithium group or type of minerals in the Bird River Greenstone Belt.
Chinese firms have shown “broad interest” in buying PotashCorp’s stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.
Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.