Codelco and SQM agreed to start talks with a council of representatives from 18 indigenous communities in December in efforts to reach an agreement to form a new state-controlled public-private partnership.
Economy minister Nicolas Grau said the country is hoping to develop between 3 and 5 new lithium projects.
The proposed mine could produce 30,000 metric tons of lithium hydroxide per year.
The proposed mine, roughly 225 miles north of Las Vegas, contains one of North America's largest sources of lithium.
Aldo Boitano’s resignation follows his suspension for failing to disclose a personal loan that used his holding in the company as collateral.
Vulcan Energy has gained nearly 40% this week after announcing its first viable output using direct-extraction technology.
It’s the latest twist in tensions between SQM and its Chinese shareholder after representatives of the two companies questioned each other’s real motivations.
The German government has created a €1.1 billion investment fund to fortify the nation’s access to critical raw materials essential for high-tech and green projects.
It said that Aldo Boitano transferred his entire holding of 9,400,002 ordinary shares to a custodian account nominated by a bank.
The amount received represents a rebate of up to 50% of eligible exploration costs at its flagship Root Lake project in Canada.