Chariot continued upwards after confirming that it is in exclusive talks to be

acquired by a third party. The copper miner issued the statement after market close on Monday, at the request of the Toronto

Stock Exchange, having closed up 13% on the day. This news of a potential sale shouldn't come as a surprise to the market, as

the company initiated a formal process to solicit proposals leading to the potential sale of the company back in November. And

while they did confirm acquisition talks, Chariot offered no details surrounding the potential deal, saying that there's no

assurance talks will lead to a sale and that it doesn't intend to comment further until either an agreement is reached or

discussions have been terminated. Chariot’s main project is its Marcona copper play (70% ownership) in Peru, which is widely

considered to be one of the best undeveloped copper resources in Latin America. However, the company has been criticized for

not advancing it fast enough.