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Chariot Corporation Limited ( (AU:CC9) ) has shared an announcement.
Chariot Corporation Limited has executed a variation deed with Continental Lithium Limited to amend the original Share Sale Agreement for acquiring a Nigerian lithium portfolio. The changes include strengthened exclusivity protections, updated conditions precedent, and an extension of the transaction’s end date to May 2026. Chariot will finance the transfer of ten Nigerian licenses through a convertible loan, with Continental providing a corporate guarantee. This agreement underscores both parties’ commitment to completing the acquisition, which could enhance Chariot’s position in the lithium market.
More about Chariot Corporation Limited
Chariot Corporation Limited operates in the resources industry, focusing on the acquisition and development of mineral portfolios. The company is primarily involved in the lithium sector, aiming to expand its market presence through strategic acquisitions.
Average Trading Volume: 571,947
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$46.96M
See more data about CC9 stock on TipRanks’ Stock Analysis page.