Chariot Resources has secured a A$3.5 million refinancing facility to fully repay existing debt and reset its near-term funding structure.
Chariot Resources (ASX:CC9) has secured A$1.425m in strategic equity from China based battery materials group Greatpower, alongside advanced discussions on project-level financing and offtake for its Nigerian lithium portfolio.
Chariot Resources has entered a non binding MOU with China based lithium trader Fujian Jinjianqiao to explore potential offtake, financing support and local processing across its Nigerian lithium portfolio.
Shanthar Pathmanathan explains how Chariot Corporation’s new small scale mining agreement sets a clear path toward near term Nigerian lithium production.
Chariot Corporation Managing Director Shanthar Pathmanathan says the company’s $1.6 million placement will “aggressively advance exploration” across Nigeria’s largest known lithium pegmatite portfolio following its strategic acquisition.