Pam Signs Formal Documentation to Acquire 100% Interest in 1,200km2 Tama Atacama Lithium Brine Project
Pam Corporation, a global upstream exploration and production company, has signed a formal documentation to acquire a 100% interest in the 1,200km2 Tama Atacama lithium brine project in Chile. The Tama Atacama project is considered to be one of the largest brine projects worldwide and is expected to be highly prospective for lithium production.
The Tama Atacama project is located in the Salar del Miñiques area of the Atacama Region and is contiguous to the producing brine operations of SQM and Albemarle and has significant exploration potential. The project will be developed in phases, with the first phase focusing on developing an exploration plan and understanding the resource potential of the Tama Atacama project. This will involve the acquisition and interpretation of existing data and collecting new data with a view to assess the full resource potential of the project.
The terms of the document acquired by Pam Corporation will provide the company with a 100% stake in the Tama Atacama project and will permit the company to develop the project in its entirety. In addition, Pam Corporation will be granted preferential treatment in the event that any other operator will be granted any rights to the project in the future.
Pam Corporation is committed to developing the Tama Atacama project responsibly and to mitigate potential environmental impacts. The company has set a goal to minimize the carbon footprint of the project and will, to this end, look to implement a series of best practice initiatives to ensure the highest levels of environmental stewardship.
Pam Corporation CEO Steven Briggs said: “The acquisition of the Tama Atacama lithium brine project is an important milestone for Pam Corporation and indicative of our commitment to developing a comprehensive energy portfolio. The Tama Atacama project has significant resource potential and we look forward to working with local stakeholders to bring this exciting project to fruition.”
The acquisition of the Tama Atacama lithium project marks a major milestone for Pam Corporation and its energy portfolio. With a strategic presence, long-term development plans, and commitment to environmental stewardship, Pam Corporation is well-positioned to maximize the potential of the project and contribute to Chile’s energy future.
