Chile rejects Tianqi’s appeal for vote in SQM-Codelco lithium deal
Chile's financial regulator had allowed a planned lithium joint venture between SQM and Codelco to proceed without a vote by SQM shareholders.
Lithium Chile (TSXV: LITH) issued a communiqué saying that its Chilean operations have been minimally impacted by the recent protests taking place in the country with some delays in approvals, as most government offices have been closed.
Despite the delays, the Canadian company reported that it was able to file the exploration drilling notice of work for its Turi project. The document was presented to the National Service of Geology and Mines.
“We are extremely pleased that our Turi exploration continues to advance in spite of the current challenges facing Chile”
Steve Cochrane, Lithium Chile’s CEO
“This is the final document required in the approvals process and paves the way for the upcoming exploration program on Turi,” Lithium Chile’s media statement reads. “The company now anticipates preparatory work for the first hole in their drill program will be initiated next week and mobilization of the drilling rig to Turi during the second or third week of November.”
The Turi project is located in the area that hosts the salt flat of the same name.
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