Chariot Resources Signs Non-Binding MOU with Jinjianqiao for Financing, Offtake, and Lithium Processing.
Chariot Resources Ltd. (ASX: CC9) has entered into a non-binding Memorandum of Understanding (MOU) with Fujian Jinjianqiao New Energy Technology Co., Ltd. The MOU outlines potential collaboration for Chariot’s Nigerian lithium projects, including the sale and delivery of direct shipping ore (DSO) to a collection point in Sagamu, Nigeria. It also contemplates an exclusive offtake agreement for spodumene concentrate, following successful due diligence. Additionally, discussions will be held regarding financing support, including credit lines or offtake prepayment financing, to fund exploration and development. The MOU also explores the possibility of establishing a lithium processing facility in Nigeria to convert ore into spodumene concentrate. Jinjianqiao, a major lithium trader in China, brings its extensive supply chain and operational experience to the partnership, positioning it as a key player in accelerating the commercialization of Chariot’s Nigerian lithium assets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Chariot Resources Signs Non-Binding MOU with Jinjianqiao for Financing, Offtake, and Lithium Processing.
Chariot Resources Ltd. (ASX: CC9) has entered into a non-binding Memorandum of Understanding (MOU) with Fujian Jinjianqiao New Energy Technology Co., Ltd. The MOU outlines potential collaboration for Chariot’s Nigerian lithium projects, including the sale and delivery of direct shipping ore (DSO) to a collection point in Sagamu, Nigeria. It also contemplates an exclusive offtake agreement for spodumene concentrate, following successful due diligence. Additionally, discussions will be held regarding financing support, including credit lines or offtake prepayment financing, to fund exploration and development. The MOU also explores the possibility of establishing a lithium processing facility in Nigeria to convert ore into spodumene concentrate. Jinjianqiao, a major lithium trader in China, brings its extensive supply chain and operational experience to the partnership, positioning it as a key player in accelerating the commercialization of Chariot’s Nigerian lithium assets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au