Macro Metals (ASX:M4M) signed a memorandum of understanding (MoU) with NORDEN Shipping (Australia) to establish an incorporated special purpose vehicle for a bulk commodity transhipping facility in Western Australia, according to a Friday filing with the Australian Securities Exchange.
The proposed multi-user facility aims to provide an infrastructure solution for the receipt, handling, and ship-loading of bulk commodities onto transhipping vessels, the filing said.
Shares of Macro Metals rose 6% in midday trade.
Price (AUD): $0.02, Change: $+0.0010, Percent Change: +5.56%
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