SQM buys 30% stake in Pirra Lithium

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Lithium major SQM has agreed to buy a 30% interest in Pirra Lithium, which holds extensive lithium exploration acreage in the Pilbara, and ultimately increasing its ownership to 40% by injecting A$3-million to fund further exploration. SQM Australia will acquire the interest from Haoma Mining, Calidus Resources said on Monday.

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