Company: SQM
Filing Date: 2025-04-03
Form Type: 6-K
Source: 0000909037-25-000010
Chunk: 136

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-04-03
Form: 6-K
Chunk 136
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 57,458 Guarantee deposits 942 950 Foreign VAT (1) 289,921 308,084 Other non-current assets 7,793 7,208 Total 364,166 373,700 (1) Value-added taxes to be recovered from the commercial office of SQM Shanghai Chemicals Co. Ltd., where that recovery is expected to take longer than 12 months. Movements in expenditure on exploration projects and ground studies as of December 31, 2024 and 2023: Conciliation As of December 31, 2024 As of December 31, 2023 ThUS$ ThUS$ Opening balance 57,458 44,023 Changes Additions 10,701 12,002 Reclassifications from/to short-term (inventory) (197) 1,049 Amortization of ground studies (733) (2,131) Reclassification from construction in progress (1,719) 2,515 Total changes 8,052 13,435 Ending balance (*) 65,510 57,458 As of the presentation date, no reevaluations of assets for exploration and assessment of mineral resources have been conducted. (*) This corresponds to the sum of expenditures for economically feasible exploration and exploration under operation (long-term).

Notes to the Consolidated Financial Statements December 31, 2024 112 Mineral resource exploration, evaluation and Exploitation expenditure Given the nature of operations of the Company and the type of exploration it undertakes, disbursements for exploration can be found in 4 stages: Execution, economically feasible, not economically feasible and in exploitation: (a) Not economically feasible: Exploration and evaluation disbursements, once finalized and concluded to be not economically feasible, will be charged to income. As of December 31, 2024 and 2023, there were no disbursements for this concept. (b) Execution: Disbursements for exploration and evaluation under implementation and therefore prior to determination of economic feasibility, are presented as part of property, plant and equipment as constructions in progress. As of December 31, 2024 and 2023, this amounts to ThUS$14,787 and ThUS$9,062. (c) Economically feasible: Exploration and assessment expenditures resulting in studies concluding that their economic feasibility is viable are classified under “Other non-current non-financial assets”. Prospecting Type of Exploration As of December 31, 2024 As of December 31, 2023 ThUS$