05:19 PM EDT, 04/10/2025 (MT Newswires) -- Chemtrade Logistics Income Fund (CHE-UN.TO), after trade Thursday, said it signed a non-binding letter of intent with the Vancouver Fraser Port Authority to extend the land lease for its North Vancouver chlor-alkali facility through December 31, 2044.

The lease covers part of the site and is expected to remain on similar terms as the current agreement, including restrictions on the receipt, manufacture, storage, and distribution of liquid chlorine starting July 1, 2030, the company said, adding that the rest of the site is owned by Chemtrade.

The company also said it is preparing to submit a rezoning application to the District of North Vancouver. If approved, Chemtrade would continue producing liquid chlorine on the land it owns and carry out planned safety-related upgrades.

The fund's units closed down $0.41 to $8.80 on the Toronto Stock Exchange.