My initial concern was also the 40% royalty rate for example the...

My initial concern was also the 40% royalty rate for example the long term lease payments as the ones CORFO, owner of the Atacama salar, collects from SQM and Albemarle.

But if you dig deeper you will see the a large part of the Maricunga falls under the 1932 Chilean mining law concessions and are exempt from any special royalties on lithium carbonate production and would be subject to royalties only under the general mining regime. That is why I took a significant position in LPI as it fully owns its mineral concessions and will not be exposed to additional payments. It's royalty rate will be between 4-7%

Chile's legislature is majority centre right and right, which means making extreme changes to laws from the leftist President is unlikely and extremely difficult.