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Chariot Corporation Limited ( (AU:CC9) ) has issued an announcement.
Chariot has provided an update on its planned acquisition of a 66.667% interest in a Nigerian hard-rock lithium portfolio from Continental Lithium, to be held via their joint venture C&C Minerals. The portfolio comprises eight exploration licences and two small-scale mining leases totaling about 254 square kilometres across project clusters in Kwara and Oyo States, positioning the company to expand its footprint in West Africa’s emerging lithium sector.
The Nigerian Mining Cadastre Office has now endorsed and reissued five of the ten licences into the name of C&C Minerals, marking material progress in the transfer process. To allow time for the remaining five licences to be transferred and reissued, and for shareholder reapproval of consideration shares, Chariot and Continental have signed a second deed of variation extending the deadline to satisfy conditions precedent for completion of the acquisition to 5 August 2026, signalling continued commitment to closing the transaction.
More about Chariot Corporation Limited
Chariot Corporation Limited, listed on the ASX under the ticker CC9, is a resources company focused on the exploration and development of hard-rock lithium assets. Through its joint venture vehicle C&C Minerals Limited, it is building a portfolio of lithium exploration licences and small-scale mining leases in Nigeria’s Kwara and Oyo States, targeting emerging project clusters such as Fonlo, Gbugbu, Iganna and Saki.
Average Trading Volume: 254,772
Technical Sentiment Signal: Sell
Current Market Cap: A$20.19M
See more data about CC9 stock on TipRanks’ Stock Analysis page.