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The latest announcement is out from Chariot Corporation Limited ( (AU:CC9) ).
Chariot Corporation Limited has acquired a 66.7% interest in a major hard-rock lithium portfolio in Nigeria, marking a strategic expansion into the Africa–China lithium supply corridor. This acquisition, valued at US$1.5 million in cash and 42 million shares, is expected to enhance Chariot’s market positioning in the rapidly growing lithium sector. Additionally, the company raised A$1.6 million through a share placement to fund this acquisition and initiated exploration activities. Chariot also restructured its financial obligations by retiring outstanding convertible notes with a new A$880,000 working capital facility, thereby avoiding the issuance of additional shares.
More about Chariot Corporation Limited
Chariot Corporation Limited operates in the mining industry, focusing on the exploration and development of lithium assets. The company is actively involved in the Africa–China lithium supply corridor, with a significant presence in Nigeria and interests in other regions such as the McDermitt Caldera.
Average Trading Volume: 178,293
Technical Sentiment Signal: Sell
Learn more about CC9 stock on TipRanks’ Stock Analysis page.