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Supreme Court clears SQM (NYSE: SQM) merger and Salar de Atacama deal

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Chemical and Mining Company of Chile Inc. (SQM) reports that its merger-related partnership with Codelco is now fully effective after a favorable Supreme Court ruling. Codelco’s subsidiary Minera Tarar SpA has been merged into SQM’s subsidiary Salar SpA, now renamed Nova Andino Litio SpA.

The partnership covers mining, production, commercial, community, and environmental development of the Salar de Atacama. The merger had been subject to a condition requiring Chile’s Supreme Court to accept an appeal filed by Inversiones TLC SpA (Tianqi’s Appeal). On January 26, 2026, the Supreme Court confirmed a prior judgment and rejected this appeal entirely, causing the condition to fail and legally confirming completion of the merger.

Positive

  • Merger with Codelco’s Minera Tarar SpA fully effective after Chile’s Supreme Court rejects Tianqi’s Appeal, solidifying SQM’s partnership over the Salar de Atacama for mining, production, commercial, community, and environmental development.

Negative

  • None.

Insights

Supreme Court rejection of Tianqi’s appeal clears SQM–Codelco lithium partnership to proceed fully.

The report explains that the merger by absorption of Codelco’s Minera Tarar SpA into SQM’s Salar SpA, now Nova Andino Litio SpA, is legally complete. This underpins a broad partnership with Codelco over the Salar de Atacama, covering mining, production, commercial, community, and environmental development.

A key legal uncertainty was a condition subsequent tied to Chile’s Supreme Court accepting Tianqi’s Appeal under Case No. 52,750-2025. On January 26, 2026, the Court confirmed an earlier ruling and rejected the appeal in full, causing that condition to fail and removing this specific legal overhang.

Given SQM’s stated goal to maintain a leading position in lithium and related markets, formal completion of this structure with Codelco around the Salar de Atacama appears strategically significant. Future company filings may provide quantitative details on investment levels, production plans, and financial impact of this partnership.



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of January 2026.
Commission File Number 33-65728
CHEMICAL AND MINING COMPANY OF CHILE INC.
(Translation of registrant’s name into English)
El Trovador 4285, Santiago, Chile (562) 2425-2000
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F:_X_ Form 40-F









SQM ANNOUNCES FULL COMPLETION OF MERGER WITH CODELCO AFTER FAVOURABLE SUPREME COURT RESOLUTION


Santiago, Chile – January 27, 2025 - Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) announces that the condition precedent related to the merger by absorption (the “Merger”) of Codelco’s subsidiary, Minera Tarar SpA, into the Company’s subsidiary, SQM Salar SpA (now “Nova Andino Litio SpA”), has been resolved, allowing the previously announced transaction to take full effect.

As disclosed on December 27, 2025, the completion of the partnership between the Company and the National Copper Corporation of Chile (“Codelco”) for the mining, production, commercial, community, and environmental development of the Salar de Atacama—through the Merger of Codelco’s subsidiary, Minera Tarar SpA, into the Company’s subsidiary, SQM Salar SpA (now “Nova Andino Litio SpA”)—was subject, among other matters, to a condition subsequent. This condition required that the Supreme Court accept the appeal filed by Inversiones TLC SpA under Case No. 52,750-2025 (“Tianqi’s Appeal”) against the judgment issued by the Court of Appeals of Santiago on November 11, 2025, in Case No. 508-2024 (the “Condition Subsequent”).

On January 26, 2026, notification was given of the Supreme Court’s ruling confirming the judgment of the Court of Appeals of Santiago, thereby rejecting Tianqi’s Appeal in its entirety.

As a result of the foregoing, the Condition Subsequent to which the Merger was subject has failed, thereby confirming its completion for all legal purposes.






About SQM
SQM is a global company that is listed on the New York Stock Exchange and the Santiago Stock Exchange (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A). SQM develops and produces diverse products for several industries essential for human progress, such as health, nutrition, renewable energy and technology through innovation and technological development. We aim to maintain our leading world position in the lithium, potassium nitrate and iodine markets.

For further information, contact:

Gerardo Illanes: gerardo.illanes@sqm.com
Isabel Bendeck: isabel.bendeck@sqm.com
Megan Suitor: megan.suitor@sqm.com

Media contacts:

Lithium Division: Ignacia Lopez / ignacia.lopez@sqm.com
Iodine- Plant Nutrition Division: Carolina Guzman / carolina.guzman@sqm.com
International Lithium Divicion: Diana WearingSmith / diana.wearingsmith@sqm.com



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CHEMICAL AND MINING COMPANY OF CHILE INC.
(Registrant)
Date: January 30, 2025/s/ Gerardo Illanes
By: Gerardo Illanes
CFO

Persons who are to respond to the collection of information contained SEC 1815 (04-09) in this form are not required to respond unless the form displays currently valid OMB control number.



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of January 2026.
Commission File Number 33-65728
CHEMICAL AND MINING COMPANY OF CHILE INC.
(Translation of registrant’s name into English)
El Trovador 4285, Santiago, Chile (562) 2425-2000
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F:_X_ Form 40-F









SQM ANNOUNCES FULL COMPLETION OF MERGER WITH CODELCO AFTER FAVOURABLE SUPREME COURT RESOLUTION


Santiago, Chile – January 27, 2025 - Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) announces that the condition precedent related to the merger by absorption (the “Merger”) of Codelco’s subsidiary, Minera Tarar SpA, into the Company’s subsidiary, SQM Salar SpA (now “Nova Andino Litio SpA”), has been resolved, allowing the previously announced transaction to take full effect.

As disclosed on December 27, 2025, the completion of the partnership between the Company and the National Copper Corporation of Chile (“Codelco”) for the mining, production, commercial, community, and environmental development of the Salar de Atacama—through the Merger of Codelco’s subsidiary, Minera Tarar SpA, into the Company’s subsidiary, SQM Salar SpA (now “Nova Andino Litio SpA”)—was subject, among other matters, to a condition subsequent. This condition required that the Supreme Court accept the appeal filed by Inversiones TLC SpA under Case No. 52,750-2025 (“Tianqi’s Appeal”) against the judgment issued by the Court of Appeals of Santiago on November 11, 2025, in Case No. 508-2024 (the “Condition Subsequent”).

On January 26, 2026, notification was given of the Supreme Court’s ruling confirming the judgment of the Court of Appeals of Santiago, thereby rejecting Tianqi’s Appeal in its entirety.

As a result of the foregoing, the Condition Subsequent to which the Merger was subject has failed, thereby confirming its completion for all legal purposes.






About SQM
SQM is a global company that is listed on the New York Stock Exchange and the Santiago Stock Exchange (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A). SQM develops and produces diverse products for several industries essential for human progress, such as health, nutrition, renewable energy and technology through innovation and technological development. We aim to maintain our leading world position in the lithium, potassium nitrate and iodine markets.

For further information, contact:

Gerardo Illanes: gerardo.illanes@sqm.com
Isabel Bendeck: isabel.bendeck@sqm.com
Megan Suitor: megan.suitor@sqm.com

Media contacts:

Lithium Division: Ignacia Lopez / ignacia.lopez@sqm.com
Iodine- Plant Nutrition Division: Carolina Guzman / carolina.guzman@sqm.com
International Lithium Divicion: Diana WearingSmith / diana.wearingsmith@sqm.com



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CHEMICAL AND MINING COMPANY OF CHILE INC.
(Registrant)
Date: January 30, 2025/s/ Gerardo Illanes
By: Gerardo Illanes
CFO

Persons who are to respond to the collection of information contained SEC 1815 (04-09) in this form are not required to respond unless the form displays currently valid OMB control number.

FAQ

What did SQM (NYSE: SQM) announce in this Form 6-K?

SQM announced that its merger-related partnership with Codelco is now fully effective. Chile’s Supreme Court rejected Tianqi’s Appeal, removing a legal condition tied to merging Codelco’s Minera Tarar SpA into SQM’s subsidiary Nova Andino Litio SpA.

How did the Supreme Court ruling affect SQM’s merger with Codelco?

The Supreme Court confirmed a prior judgment and rejected Tianqi’s Appeal in its entirety. This caused a condition subsequent attached to the merger to fail, legally confirming completion of the merger and allowing the partnership between SQM and Codelco to take full effect.

What assets are involved in SQM’s partnership with Codelco?

The partnership between SQM and Codelco focuses on the Salar de Atacama. It covers mining, production, commercial, community, and environmental development activities in this key area through the merger of Codelco’s Minera Tarar SpA into SQM’s Nova Andino Litio SpA.

Who filed the appeal referenced in SQM’s announcement?

The appeal was filed by Inversiones TLC SpA, referred to as Tianqi’s Appeal, under Case No. 52,750-2025. Chile’s Supreme Court rejected this appeal in its entirety, which removed the legal condition that had been attached to the completion of the SQM–Codelco merger structure.

Why was the Supreme Court decision important for SQM’s Codelco merger?

The merger was subject to a condition requiring the Supreme Court to accept Tianqi’s Appeal. When the Court instead confirmed the prior judgment and rejected the appeal, that condition failed, confirming the merger’s completion for all legal purposes and solidifying the SQM–Codelco partnership.

What is Nova Andino Litio SpA in SQM’s transaction with Codelco?

Nova Andino Litio SpA is the new name of SQM’s subsidiary Salar SpA. Through the merger, Codelco’s subsidiary Minera Tarar SpA was absorbed into this entity, which anchors the SQM–Codelco partnership for activities in Chile’s Salar de Atacama region.
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