Calidus Resources' JV partner to sell 40% stake in Pilbara lithium project to SQM

Calidus Resources

23/10/2023 24:11

Oct 23 (Reuters) - Australian gold explorer Calidus
Resources  CAI.AX  said on Monday Chilean lithium miner SQM
 SQMA.SN  will buy a 30% stake in a lithium project in the
Pilbara region from its joint venture partner Haoma Mining.
    SQM will ultimately take its interest in Pirra Lithium
Limited to 40% by injecting A$3 million ($1.90 million) to fund
exploration, Calidus said.
    Calidus, which owned Pirra equally with Haoma, will
ultimately retain 40% ownership in the project by injecting A$2
million to fund exploration.

($1 = 1.5828 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru; Editing by Jacqueline
Wong)
 ((Roshan.Thomas@thomsonreuters.com;))