Talga's Partnership with SQM for Aero Lithium Project

Talga Group Ltd (ASX: $TLG) has signed an Earn-in Agreement with Sociedad Química y Minera de Chile S.A. (SQM) for the development of the Aero Lithium Project in Sweden. Under the agreement, SQM, a world-leading lithium miner and producer, has the right to fund exploration expenditure of up to US$19.0m over the next 7 years to earn up to a 70% ownership interest in the project. Talga will manage the project during the earn-in period and retain 100% graphite rights.

Executive Commentary on the Partnership

Talga's Managing Director, Mark Thompson, expressed his enthusiasm for the partnership, highlighting the opportunity to contribute to the European lithium supply for the green transition and EU localization objectives. SQM International Lithium division CEO, Mark Fones, emphasized the strategic goal of building a global and competitive lithium asset portfolio, with Sweden being a promising jurisdiction for expansion.

Summary of Talga's Partnership with SQM

Talga (ASX: $TLG) has entered into an Earn-in Agreement with SQM for the development of the Aero Lithium Project in Sweden. The agreement allows SQM to fund exploration expenditure of up to US$19.0m over the next 7 years to earn up to a 70% ownership interest in the project. Talga will manage the project during the earn-in period and retain 100% graphite rights. The partnership aims to contribute to the European lithium supply for the green transition and EU localization objectives. This strategic move aligns with SQM's goal of building a global and competitive lithium asset portfolio, with Sweden being identified as a promising jurisdiction for expansion.