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Chariot Corporation Limited ( (AU:CC9) ) has shared an update.
Chariot Corporation Limited has secured a new A$1.2 million loan from GAM Company Pty Ltd, which will be used to settle a previously announced acquisition of mineral properties in Nigeria and support general working capital. This loan, along with an updated A$1.6 million working capital facility, positions Chariot to strengthen its financial footing by securing its loans with registered charges over its assets, reflecting a strategic move to bolster its operations and development initiatives in the lithium sector.
More about Chariot Corporation Limited
Chariot Corporation Limited operates in the mineral resources industry, focusing on the acquisition and development of mineral properties, particularly in the lithium sector. The company is actively involved in advancing its lithium portfolio and engaging with offtake and development partners.
Average Trading Volume: 639,165
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$42.14M
For detailed information about CC9 stock, go to TipRanks’ Stock Analysis page.