SQM did not invest $20m in AZS blindfolded:
The announcement of 11/1/23 states:
"Completion of the second tranche of the Transaction is subject to the satisfaction of a number
of conditions precedent including:
•SQM having notified Azure that it has completed and is satisfied with its due diligence
investigations into Azure;"
Does a company such as SQM have its own lab that can determine what it is investing in? I think so.
The market may be waiting for results, SQM however could be presumed to already know the results?
This part of the announcement states SQM's proposed involvement:
“The new relationship will allow Azure to draw upon SQM’s technical expertise in pegmatite-hosted
lithium exploration, project development, production and marketing, providing Azure with strong
support as we look to develop the Andover lithium assets."
I am quietly confident in following the money, SQM's
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