Azure Minerals announces a AU$20 million investment by SQM Australia

Azure Minerals Limited (ASX: AZS) has announced that global lithium company Sociedad Química y Minera de Chile S.A., via its 100% owned subsidiary SQM Australia Pty Ltd, has completed its cornerstone investment of AU$20 million to buy a 19.99% stake in Azure in a two-stage transaction. This development demonstrates the potential for the Andover Project to develop into a substantial lithium mining and processing enterprise internationally.

At an AU$0.2564 subscription price for 16,381,720 ordinary shares in Azure, SQM purchased shares in the first tranche of the deal, giving SQM a 4.99% ownership position in Azure and raising AU$4.2 million for Azure. SQM has purchased an additional 61,626,471 ordinary shares in Azure at the same subscription price of AU$0.2564 per share, providing Azure an extra AU$15.8 million in funding.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com