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Stock impact report

Chile's Enami targets start of lithium project construction by 2027 [Yahoo! Finance]

ERAMET SA UNSP/ADR (ERMAY) 
NASDAQ:AMEX Investor Relations: eramet.com/en/investors
Company Research Source: Yahoo! Finance
government's strategy to amplify its presence in the global battery metal sector, Reuters reported. Enami is primarily involved in copper processing and is now venturing into lithium production, a critical component for batteries. The company's chief, Ivan Mlynarz, told the news agency that Enami is at the forefront of the government's lithium initiatives, working in tandem with mining heavyweight Codelco. Enami has initiated the process of finding a private collaborator to provide either financial or operational support for the lithium project. Prospective partners have until 7 June 2024 to register their interest, with Enami aiming to finalise the selection by March 2025. The project will be situated within the Salares Altoandinos in the Atacama region, encompassing three salt flats - Aguilar, La Isla, and Grande, which together span nearly 30,000ha. Enami will evaluate the available lithium reserves and the required investment to decide its ownership percentage in the p Show less Read more
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