French group Eramet continues to grow in Chile in the lithium business

Eramet and RJR announce the execution of an agreement for the acquisition of exploration rights in Chile, signed this week on January 29, 2024.

RJR SALAR SpA announced that it has entered into a binding agreement for the acquisition of exploration rights with Eramet Chile, a subsidiary of the French mining company Eramet S.A.

A binding term sheet has been executed through which Eramet can access 19,500 Ha of the company's mining concessions located in the Antofagasta region to conduct mineral exploration activities. 

Both Eramet and the company agreed that ground works will commence once all associated pre-requisites are in place. This acquisition marks a key second step in the group's strategy to secure development opportunities in the Lithium Triangle region