Ann: Finance News Network Interview - LPI Corporate Update, page-14

Mick, CORFO is the economic development agency in Chile and is using its control of the Atacama tenements to kick-start a lithium down-stream processing industry in Chile.  The upshot is that the greater amount of investment in lithium downstream processing in Chile (ultimately a gigafactory and EV manufacture) the greater demand there will be for the EV battery inputs such as lithium which could benefit LPI - it could be a catalyst for an expansion of output at Maricunga.

You need to separate out Albemarle and SQM's dealings with CORFO as they are unique and dont apply to us.  What I am focussing on is the broader benefits associated with potential development of lithium downstreaming processing industries in Chile - given LPI will be a supplier of a key input to that sector, there could potentially be flow-on benefits for LPI.  Investment in lithium downstream industries is key plank of this Chilean Government and also the previous regime.