Company: SQM
Filing Date: 2025-04-03
Form Type: 6-K
Source: 0000909037-25-000010
Chunk: 144

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-04-03
Form: 6-K
Chunk 144
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000 17.0% Over $10,000 - $12,000 25.0% Over $12,000 40.0% Price US$/MT KCl Lease rental rate $0 - $300 3.0% Over $300 - $400 7.0% Over $400 - $500 10.0% Over $500 - $600 15.0% Over $600 20.0% On May 31, 2024, the Company reported having entered into an association agreement with Codelco to develop extractive and productive activities to produce lithium products, potassium products and other products extracted from Corfo's properties in the Salar de Atacama, through the merger by incorporation of Codelco's subsidiary, Minera Tarar SpA, into the Company's subsidiary, SQM Salar SpA, subject to the terms established in the Association Agreement. The effectiveness of the association agreement is subject to a series of conditions precedent, as well as the execution of contracts with Corfo to (i) increase the amount of lithium that SQM Salar SpA can exploit from the Salar de Atacama between the years 2025 and 2030 and (ii) establish the right to exploit lithium from the Salar de Atacama between the years 2031 and 2060. To date there are no impacts to the consolidated financial statements arising from this agreement.

Notes to the Consolidated Financial Statements December 31, 2024 121 19.3 Changes in provisions Description of items that gave rise to changes as of December 31, 2024 Legal complaints Provision for dismantling, restoration and rehabilitation cost Other provisions Total ThUS$ ThUS$ ThUS$ ThUS$ Total provisions, initial balance 1,301 58,459 393,012 452,772 Changes Additional provisions 17,333 - 504,995 522,328 Provision used - - (570,187) (570,187) Increase (decrease) in foreign currency exchange 134 - (352) (218) Others (9,705) (5,448) (25,028) (40,181) Total Increase (decreases) 7,762 (5,448) (90,572) (88,258) Total 9,063 53,011 302,440 364,514 Description of items that gave rise to changes as of December 31, 2023 Legal complaints Provision