Chalice Continues to Engage with Mitsubishi to Optimize Western Australia Project; Shares Rise 5%

MT Newswires Live

04/24

Chalice Mining (ASX:CHN) said it is continuing to collaborate with Japanese firm Mitsubishi to optimise marketing and offtake strategies for the Gonneville Project in Western Australia, according to a Thursday filing with the Australian bourse.

The engagement is part of a broader effort under an existing memorandum of understanding to maximise the value and flexibility of future products from the project, the filing said.

The company is also in discussions with other potential strategic offtake and financing partners, the filing added.

Shares of the company rose 5% in recent Thursday trade.

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