Chesterfield Resources Plc (GB:CHF) has released an update.
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Chesterfield Resources Plc has finalized the sale of its Adeline copper exploration project in eastern Canada to Sterling Metals, consisting of a £115,000 cash payment and a significant share stake in Sterling. This deal strengthens Chesterfield’s balance sheet, allowing the company to focus on its exploration plans in Cyprus and pursue additional investments. The transaction also eliminates potential uncertainties and liabilities for Chesterfield while maintaining an interest in the project’s future success.
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