• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

SQM buys 30% stake in Australia’s Pirra Lithium

2 years ago
in Economy, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
49
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Africa’s Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit

Nigeria Hits Panic Button as West Africa Logs $2.1bn in Suspicious Crypto Transactions

CID Recovers 43 Stolen Luxury Vehicles Smuggled into Ghana

SQM buys 30% stake in Australia’s Pirra Lithium

Chilean lithium giant SQM (NYSE: SQM) has agreed to buy a 30% interest in Australia’s Pirra Lithium, a junior born in March from the combination of certain exploration assets in the Pilbara region held by Calidus Resources (ASX: CAI) and Haoma Mining.

SQM will ultimately increase its stake in Pirra Lithium to 40% by injecting A$3 million ($1.9m) to fund exploration, Calidus —which owned Pirra equally with Haoma —said in the statement.

SQM Australia will subscribe A$3 million Pirra shares for A$0.20 each. Calidus will retain is 40% ownership in the junior by investing A$2 million in exploration.

The West Perth-based company said its decision to hold on to Pirra was based on “the significant potential of the land package” the company has, adding that it would re-assess its options as exploration continues.

“With an increased landholding of over 1,411 km2 in the Pilbara, Pirra is now funded to rapidly progress exploration across these tenements,” Calidus managing director Dave Reeves said.

Pirra’s main exploration assets are the Spear Hill and Northampton lithium tenements and it is currently mapping and sampling priority lithium targets including Tabba Tabba South in the West Pilbara.

SQM, the world’s second-biggest lithium producer, has been recently increasing its footprint in Australia. The country is the top producer of the battery metal and has more than 80 lithium-related companies listed on its main stock exchange.

The company holds a 50/50 interest with Wesfarmers in the Mt. Holland lithium project, which is expected to come online by the second half of 2024 and produce up to 50,000 tonnes a year of lithium hydroxide.

In January, it announced an A$4.2 million ($2.8m) investment in Australia’s Azure Minerals (ASX: AZS), which made it the lithium junior’s largest shareholder. The company also attempted, but failed to buy out Azure in August.

SQM also inked in July an earn-in deal with Tambourah Metals (ASX: TMB) covering the Australian explorer’s Julimar North Project in Western Australia.

It has also entered smaller farm-ins across Australia with companies including Kalamazoo Resources and Dart Mining.

 

Tags: SQMSQM buys 30% stake in Australia’s Pirra Lithium
No Result
View All Result

Highlights

2025 Mid-Year Economic Review: Fiscal Discipline is a Necessary Pain

Ledecky’s Heroics Highlight Underwhelming US Campaign at World Aquatics Championships

CAF Establishes New Infrastructure Department to Enhance Stadium Development Across Africa

Bibiani Gold Stars Set to Begin GPL Title Defence Against Bechem United as Fixtures for 2025/26 Season Are Released

Gov’t Increases Producer Price of Cocoa to GHS 51,660 per Tonne for 2025/2026 Season

Value of Mobile Money Transactions Hit GHS 323.2bn in June

Trending

Business

Africa’s Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit

August 4, 2025

Africa's Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit South Africa is strategising...

Nigeria Hits Panic Button as West Africa Logs $2.1bn in Suspicious Crypto Transactions

August 4, 2025

CID Recovers 43 Stolen Luxury Vehicles Smuggled into Ghana

August 4, 2025

2025 Mid-Year Economic Review: Fiscal Discipline is a Necessary Pain

August 4, 2025

Ledecky’s Heroics Highlight Underwhelming US Campaign at World Aquatics Championships

August 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.