This is unheard of Chile is nationalizing their lithium assets and guess what Chile is the countries with the biggest deposit on the planets
Guess what mates our friends SQM will be losing this deposits in the next few years guys
SQM stocks is down 20% on the overnights exchange in the US
This is tremendous news for Ozzie base explorers. SQM needs a new lithium deposits to make up for the one they are going to lose and just last months they already bought 20% of the registries of AZS whom they believe may have something significants
The articles mention that there will be eyes on Australia base deposits as we are the safest and prime locations for lithium
Canada is also considered a tier 1 locations so maybe PMT is on the radar aswell for SQM the whole sectors should be spicing ups
PMT Price at posting:
$1.47 Sentiment: Buy Disclosure: Held
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