Kali Metals to buy 30% interest in DOM’s Hill, Pear Creek from SQM

Core Viewpoint - Kali Metals has signed a binding agreement to acquire a 30% stake in the DOM's Hill and Pear Creek Projects from SQM Australia, enhancing its exploration portfolio in precious and base metals [1][3]. Group 1: Acquisition Details - The acquisition includes a 30% stake in both the DOM's Hill and Pear Creek Projects located in Western Australia's Pilbara region [1]. - Kali will pay A$60,000 in cash upon settlement, sourced from existing reserves [2]. - An additional A$140,000 will be paid in Kali shares at a ten-day volume-weighted average price (VWAP) prior to the execution date, with a 12-month voluntary escrow period for these shares [3]. Group 2: Project Information - DOM's Hill covers approximately 125 km² and is located around 110 km south-east of Port Hedland [1]. - Pear Creek spans around 108 km² across three exploration licenses and is situated between DOM's Hill and the Marble Bar Project, approximately 140 km south-east of Port Hedland [2]. Group 3: Strategic Implications - The acquisition consolidates Kali's control over its Pilbara assets, marking the end of the lithium-focused agreement with SQM [3][4]. - The Marble Bar Gold Project, previously partially owned by SQM, is now fully under Kali's management [4]. - Kali's managing director emphasized the potential for gold and base metal exploration in a favorable metal price environment following the closure of the previous agreement [6][7].