Encounter Resources Limited (AU:ENR) has released an update.
Chalice Mining Limited has emerged as a substantial holder in Encounter Resources Limited, acquiring a 6.07% voting power through the purchase of 27,331,579 fully paid ordinary shares. The acquisitions, costing over $7.6 million, took place in April 2024, with share prices ranging from $0.22 to $0.30. This strategic move could signify Chalice Mining’s growing influence in the mining sector and potential interest in Encounter Resources’ operations.
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