JPMorgan Chase Acquires Substantial Stake in Chalice Mining

Chalice Mining Limited ( (AU:CHN) ) has shared an update.

JPMorgan Chase & Co. and its affiliates have become a substantial holder in Chalice Mining Limited, acquiring a 5.10% voting power with 19,852,449 ordinary shares. This acquisition signifies a significant investment by a major financial institution, potentially impacting Chalice Mining’s market position and signaling confidence in its future prospects.

More about Chalice Mining Limited

Chalice Mining Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in discovering and developing high-value deposits, with a market focus on precious and base metals.

YTD Price Performance: -11.01%

Average Trading Volume: 2,859

Technical Sentiment Signal: Strong Buy

Current Market Cap: €231.6M

Learn more about CHN stock on TipRanks’ Stock Analysis page.