Chalice Mining Ltd (ASX:CHN) saw its shares soar 5.74% during intraday trading on Thursday, as the company revealed ongoing collaboration with Japanese firm Mitsubishi and engagement with other potential strategic partners. The surge in stock price comes amid positive developments for the company's Gonneville Project in Western Australia.
According to a filing with the Australian Securities Exchange, Chalice Mining is continuing to work closely with Mitsubishi to optimize marketing and offtake strategies for the Gonneville Project. This collaboration is part of a broader effort under an existing memorandum of understanding, aimed at maximizing the value and flexibility of future products from the project.
In addition to the Mitsubishi partnership, Chalice Mining disclosed that it is in discussions with other potential strategic offtake and financing partners. These ongoing negotiations suggest that the company is actively seeking to strengthen its position and secure favorable terms for its projects, which appears to have resonated positively with investors.
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