[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Special Situations 🌐 Research Newsletter (Jay) [@SpecialSitsNews](/creator/twitter/SpecialSitsNews) on x 130.4K followers Created: 2025-07-23 19:51:27 UTC Rio Tinto (NYSE: $RIO) and Empresa Nacional de Minería (ENAMI), Chile's state-owned mining company, signed a binding agreement to form a joint venture for the Salares Altoandinos lithium project in the Atacama region. Under the agreement, Rio Tinto will acquire a controlling XX% interest in the project and provide up to $XXX million in cash and non-cash contributions, including its Direct Lithium Extraction technology. The cash contributions will include staged spending to fund the pre-feasibility study and additional studies, subject to the joint venture meeting investment stage-gates. The transaction is expected to close in the first half of 2026, pending regulatory approvals and other customary closing conditions. Rio Tinto was previously announced as the preferred partner for the project on May XX. "We are continuing to execute our strategy of building a world-class lithium portfolio to position Rio Tinto as a global leader in the responsible supply of critical minerals essential to the energy transition," said Rio Tinto Minerals Chief Executive Sinead Kaufmann. "The Salares Altoandinos project represents a significant opportunity to develop a large-scale, long-life, low-cost lithium brine resource." The information is based on a press release statement from Rio Tinto. XXXXX engagements  **Related Topics** [the project](/topic/the-project) [mining](/topic/mining) [empresa nacional](/topic/empresa-nacional) [$rio](/topic/$rio) [new york stock exchange](/topic/new-york-stock-exchange) [rio](/topic/rio) [rio tinto](/topic/rio-tinto) [stocks basic materials](/topic/stocks-basic-materials) [Post Link](https://x.com/SpecialSitsNews/status/1948108720593875413)
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Special Situations 🌐 Research Newsletter (Jay) @SpecialSitsNews on x 130.4K followers
Created: 2025-07-23 19:51:27 UTC
Rio Tinto (NYSE: $RIO) and Empresa Nacional de Minería (ENAMI), Chile's state-owned mining company, signed a binding agreement to form a joint venture for the Salares Altoandinos lithium project in the Atacama region.
Under the agreement, Rio Tinto will acquire a controlling XX% interest in the project and provide up to $XXX million in cash and non-cash contributions, including its Direct Lithium Extraction technology. The cash contributions will include staged spending to fund the pre-feasibility study and additional studies, subject to the joint venture meeting investment stage-gates.
The transaction is expected to close in the first half of 2026, pending regulatory approvals and other customary closing conditions. Rio Tinto was previously announced as the preferred partner for the project on May XX.
"We are continuing to execute our strategy of building a world-class lithium portfolio to position Rio Tinto as a global leader in the responsible supply of critical minerals essential to the energy transition," said Rio Tinto Minerals Chief Executive Sinead Kaufmann. "The Salares Altoandinos project represents a significant opportunity to develop a large-scale, long-life, low-cost lithium brine resource."
The information is based on a press release statement from Rio Tinto.
XXXXX engagements
Related Topics the project mining empresa nacional $rio new york stock exchange rio rio tinto stocks basic materials