In addition to advancing exploration for nitrate and iodine resources, SQM seeks to maximize the value of its land holdings by undertaking prospecting and implementing initial exploration activities seeking to discover deposits of base or precious metals.

Through a systematic and scientifically based exploration strategy SQM identifies areas of high prospectivity for metallic mineral deposits. SQM may continue forward through exploration stages towards discovery, or seek discovery through a third party Exploration Alliance by entering into an option and joint venture agreement.