Chalice (ASX:CHN) share price rises after latest update

The Chalice Mining Ltd (ASX: CHN) share price is higher today. That’s because the company announced it had acquired four more properties at one of its mining locations.

At the time of writing, shares in the miner were selling for $6.54, up 2.03%. By comparison, the S&P/ASX 200 Index (ASX: XJO) is 0.33% higher.

Let’s take a closer look at today’s announcement and how it might affect the Chalice share price.

Why the Chalice share price is up

In a statement to the ASX, Chalice Mining announced it was expanding the size of its 100%-owned Julimar Nickel-Copper-PGE Project in Western Australia with the purchase of four private properties in the area.

Totalling roughly 723 hectares in size, the properties cost the company $11.25…