Just the Facts: Kali Metals expands JV with SQM, share price jumps 82% [Video]

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Kali Metals (ASX: KM1).
The company has expanded its joint venture with SQM in the Pilbara region by acquiring additional tenements and renegotiating the terms of their Earn-In Agreement.
As part of the agreement, Kali has secured two new exploration licence applications at DOM’s Hill (E45/6646 and E45/6647 and one at Pear Creek E45/6457, adding 129 square kilometres to its Pilbara landholding.
These tenements are strategically located next to Kali’s existing projects, enabling cost synergies in exploration.
Under the revised Earn-In Agreement, SQM is required to spend $500,000 on exploration by December 2025 to retain its 30% interest in the DOM’s Hill and Pear Creek tenements.
Additionally, SQM committed to spending $1 million more, bringing its total commitment to $4.25 million by December 2026 to earn a 50% interest in the JV. Kali retains 100% ownership of its Marble Bar Project.
Kali is excited about this expansion, which strengthens its position in the highly prospective lithium region of the Pilbara. Following the announcement, the company’s share price rose 82%, reaching 21 cents at the time of filming.
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