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How Will Chariot’s Nigerian Lithium Acquisition Reshape Its Global Strategy?
11:31am on Monday 28th of July, 2025 AEST
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Mining
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How Will Chariot’s Nigerian Lithium Acquisition Reshape Its Global Strategy?
11:31am on Monday 28th of July, 2025 AEST
Key Points
Acquisition of 66.7% interest in Nigerian lithium portfolio for US$1.5 million plus shares
Raised A$1.6 million via share placement to fund acquisition and exploration
Secured A$880,000 working capital facility to retire convertible notes
Plans to commence Nigerian exploration programs with drilling targeted for late 2025
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