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Located in the Chagai district, Reko Diq lies close to Afghanistan and Iran.
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Over the forecast period, Chile’s lithium production is projected to grow at a modest compound annual growth rate (CAGR) of 2.9% to 87,200t by 2035.
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The company can resell its graphite concentrate and will equally share any excess revenue above the fixed price with Canada.
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The company will make a one-time cash payment of $25m for the debt-free acquisition.
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The company will expand its Lang Lake Project by acquiring 10,200ha of claims and purchase 58,700ha to augment the Muskrat Dam Project.
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