Battery materials and technology company Talga Group has entered into an earn-in agreement with lithium miner Sociedad Química y Minera de Chile (SQ) over the Aero project, in Sweden.
Under the agreement, Talga has granted SQM the right to sole fund exploration expenditure of up to $19-million over the next seven years on Aero for a 70% ownership interest in the project.
Aero forms part of Talga’s suit of battery metal assets separate to its advanced-stage lithium-ion battery graphite anode business. Aero covers 270 km2 south and east from Gällivare where Talga has found lithium-prospective pegmatites over about 50 km total strike with surface sample results up to 1.9% lithium oxide.
SQM International lithium division CEO Mark Frones said the agreement represented the group’s dedicated efforts to build a global and competitive lithium asset portfolio.
“Expanding into new and promising jurisdictions, such as Sweden, has been a strategic goal for us, and partnering with Talga, who has demonstrated expertise in the region, further enhances this achievement,” he said.