Chariot Corporation Limited (AU:CC9) has released an update.
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Chariot Corporation Limited, holding a 24.1% stake in Mustang Lithium LLC, is set to regain full ownership of the Horizon and Halo lithium projects after the failure of Pan American Energy Corp. and POWR Lithium Corp. to meet payment obligations. The repossession follows a capital raise by Mustang, which funded the maintenance fees for the two lithium projects, significant for their substantial Indicated and Inferred lithium resources. This strategic move by Mustang positions Chariot favorably in the lithium market alongside other major players in the region.
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