Currently, approximately 50% of the Atacama Copper Property is under option to third parties. Pursuant to option agreements entered into between Arena, Japan Oil, Gas and Metals National Corporation and Teck Resources Chile Limitada, each have the right to earn into 60% of the respective land holdings within the property, by collectively spending over $35 million in exploration expenditures, amongst certain other commitments.
2 active JV option agreements with Teck (Chile), JOGMEC
- Teck, & JOGMEC to spend >US$35M on the ground, exceeding all work commitments and significant portion of underlying option requirement with SQM
- 3 prospects and 47% of Atacama Copper Property open for potential JV agreements with other parties