Chariot Resources Strengthens Lithium Strategy Through Strategic MOU
Chariot Resources Limited (ASX: CC9) has entered into a non-binding memorandum of understanding with Shanghai GreatPower Nickel & Cobalt Materials Co., Ltd., marking a significant step in advancing its Nigerian lithium strategy. The MOU outlines potential collaboration across offtake, financing, processing, and sustainable mining solutions. Subject to due diligence and definitive agreements, Shanghai GreatPower could purchase up to 200,000 tonnes per annum of spodumene concentrate from one of Chariot’s four Nigerian lithium projects, providing a potential long-term revenue pathway. The parties will also evaluate the development of a lithium processing facility in Nigeria, supporting in-country value addition and supply chain integration. In addition, discussions include possible funding support through credit lines or offtake prepayments to accelerate exploration and development. Leveraging Shanghai GreatPower’s extensive experience in battery materials, recycling, and renewable energy solutions, the partnership aims to establish a vertically integrated and sustainable lithium supply chain, reinforcing Chariot’s early-mover advantage in Nigeria’s emerging lithium sector.
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 Strengthens Lithium Strategy Through Strategic MOU
Chariot Resources Limited (ASX: CC9) has entered into a non-binding memorandum of understanding with Shanghai GreatPower Nickel & Cobalt Materials Co., Ltd., marking a significant step in advancing its Nigerian lithium strategy. The MOU outlines potential collaboration across offtake, financing, processing, and sustainable mining solutions. Subject to due diligence and definitive agreements, Shanghai GreatPower could purchase up to 200,000 tonnes per annum of spodumene concentrate from one of Chariot’s four Nigerian lithium projects, providing a potential long-term revenue pathway. The parties will also evaluate the development of a lithium processing facility in Nigeria, supporting in-country value addition and supply chain integration. In addition, discussions include possible funding support through credit lines or offtake prepayments to accelerate exploration and development. Leveraging Shanghai GreatPower’s extensive experience in battery materials, recycling, and renewable energy solutions, the partnership aims to establish a vertically integrated and sustainable lithium supply chain, reinforcing Chariot’s early-mover advantage in Nigeria’s emerging lithium sector.
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