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The latest announcement is out from Chariot Corporation Limited ( (AU:CC9) ).
Chariot Resources has signed a non-binding memorandum of understanding with Shanghai GreatPower Nickel & Cobalt Materials to explore a broad lithium supply chain partnership centred on Chariot’s Nigerian lithium projects. The MOU envisages potential offtake of direct shipping ore and up to 200,000 tonnes per annum of spodumene concentrate, discussions on prepayment and credit-line financing to accelerate exploration and development, joint evaluation of a Nigerian processing facility, and the deployment of electrified, renewable-powered mining solutions. By linking Nigerian upstream assets with a major Chinese battery materials producer that already supplies global names such as LG Energy Solution, CATL, BMW and Samsung, the arrangement could strengthen Chariot’s funding options, de-risk commercialisation of its projects, and enhance Nigeria’s role in the global lithium and clean-energy supply chain, while positioning both parties within a more vertically integrated and sustainability-focused battery materials ecosystem.
More about Chariot Corporation Limited
Chariot Resources Limited (ASX: CC9) is a lithium-focused resources company advancing a portfolio of upstream hard-rock lithium projects in Nigeria. The company targets supplying the global lithium-ion battery and electric vehicle markets, with a strategy centred on developing mining operations and associated processing capacity within Nigeria to serve international battery materials demand, particularly from Asia.
Average Trading Volume: 224,231
Technical Sentiment Signal: Hold
Current Market Cap: A$33.96M
See more data about CC9 stock on TipRanks’ Stock Analysis page.