Charger Metals Continues Strategic Evaluation Amid Takeover Offer

Core Lithium Ltd (AU:CXO) has released an update.

Charger Metals NL is in ongoing strategic discussions at both the company and project level, including an unsolicited non-binding indicative offer from Core Lithium Ltd to acquire Charger. The offer at a 23% premium is deemed insufficient by Charger’s board, which remains open to better proposals to enhance shareholder value. Meanwhile, Charger continues to explore funding options and significant exploration programmes, amidst a broader evaluation of its lithium projects.

For further insights into AU:CXO stock, check out TipRanks’ Stock Analysis page.