Lithium Australia NL (AU:LIT) has released an update.
Core Lithium Ltd has announced the acquisition of a 9.8% stake in Charger Metals and a 30% free carried interest in the Bynoe Lithium Project, enhancing its strategic investment within proximity of its Finniss processing infrastructure. Core purchased the Charger shares with a mix of cash and share issuance and retains a call option to re-acquire these shares under certain conditions. The deal is set to complete by September 20, 2024, pending Charger’s decision regarding their pre-emptive rights on the Bynoe Project interest.
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