SQM Updates Technical Reports for Key Mining Operations, Confirming Long-Term Viability and Reactivations

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CHEMICAL & MINING CO OF CHILE INC (SQM) filed updated technical report summaries for its Nueva Victoria, Pampa Blanca, and Maria Elena operations, detailing mineral resources, reserves, production forecasts, and economic viability through 2045.

check_boxKey Events

• Updated Mineral Resources and Reserves

  SQM provided updated mineral resource and reserve estimates for Nueva Victoria, Pampa Blanca, and Maria Elena operations as of December 31, 2025. Nueva Victoria reports total reserves of 1,052 million tonnes, Pampa Blanca 76.4 million tonnes, and Maria Elena 634 million tonnes.

• Economic Viability Confirmed

  The economic analysis confirms the viability of all three operations, with Nueva Victoria showing a significant NPV of $3 billion, Pampa Blanca an NPV of $202 million, and Maria Elena an NPV of $160.1 million.

• Long-Term Production Plans

  The filing details long-term production plans for iodine and nitrate salts, with Nueva Victoria's plan extending to 2045, Pampa Blanca's to 2041, and Maria Elena's to 2030.

• Significant Capital Investments

  Planned capital expenditures include $1.261 billion for Nueva Victoria (seawater project, Franja Oeste mine, solar evaporation ponds) and $69 million each for Pampa Blanca and Maria Elena (reopening and expansion projects).

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This 6-K filing provides comprehensive updates on SQM's key mining assets: Nueva Victoria, Pampa Blanca, and Maria Elena. The Nueva Victoria operation, a major asset, shows substantial proven reserves of 1,052 million tonnes and an estimated NPV of $3 billion, with a long-term production plan extending to 2045. The Pampa Blanca and Maria Elena operations, previously suspended, have been reactivated in late 2022/early 2023 and late 2025, respectively, and their economic viability is now confirmed with NPVs of $202 million and $160.1 million. The reports detail significant capital expenditures, including $1.261 billion for Nueva Victoria's seawater project and other expansions, and $69 million each for Pampa Blanca and Maria Elena. This filing offers critical insights into the company's long-term operational outlook and the financial health of its core iodine and nitrate production facilities, reinforcing the company's strategic direction and capital allocation.