Chatham Rock Phosphate Limited (TSE:NZP) has released an update.
Chatham Rock Phosphate Limited reports that phosphate rock and rare earth minerals are now considered critical to New Zealand, as listed in a new draft by the government. This inclusion may bolster the company’s prospects for obtaining environmental consent for mining in Chatham Rise, where they hold a significant phosphate resource. Furthermore, the listing is expected to aid in securing better access and strategic development of these critical minerals.
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