Brief: Calidus Resources Says SQM Australia To Ultimately Increase Ownership To 40% In Pirra Lithium

Calidus Resources

22/10/2023 23:49

Oct 23 (Reuters) - Calidus Resources  CAI.AX :
    * SQM AUSTRALIA TO ULTIMATELY INCREASE OWNERSHIP TO 40% IN
PIRRA
LITHIUM BY INJECTING A$3M TO FUND FURTHER EXPLORATION
    * GLOBAL LITHIUM PRODUCER SQM TAKES 40% IN PIRRA LITHIUM
    * CALIDUS TO RETAIN ITS 40% STAKE IN PIRRA
    * SQM SUBSIDIARY SQM AUSTRALIA PTY LTD TO PURCHASE 30% OF
PIRRA
LITHIUM LIMITED FROM HAOMA MINING NL
    * CALIDUS WILL ULTIMATELY RETAIN 40% OWNERSHIP OF PIRRA BY
INJECTING A$2M TO FUND  EXPLORATION
    * SQM UNIT TO SUBSCRIBE FOR PIRRA SHARES FOR A$0.20 PER
SHARE

Further company coverage:  CAI.AX 

 ((Reuters.Briefs@thomsonreuters.com;))