Sociedad Qu mica y Minera de Chile S.A. announced that it reached a memorandum of understanding (MoU) with the National Copper Corporation of Chile (Codelco) for the operation and development of the Salar de Atacama during the period from 2025 to 2060. The MoU is a framework agreement upon which both companies hope to build a partnership to produce high-quality lithium products in the Salar de AtacAMA, in a sustainable manner and in harmony with the communities. Additionally, the NewCo joint venture will require an approved environmental qualification resolution in accordance with current regulations in Chile for the operation and execution of the Salar Futuro Project.

The other terms and conditions agreed upon by the Company and Codelco are set out in the MoU, which translation is filed as Exhibit 99 to this Report on Form 6-K and is available on the Company's website.