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Chariot Resources Ltd (ASX:CC9)

ALERT: Price-sensitive ASX Announcement for CC9
Current share price for CC9 : $0.060 -0.033 (-35.48%)+
Announcement
Release
30 Apr 2026 2:16PM
Price at Release
$0.093
Full Release
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Summary
Chariot Resources Ltd has made significant progress in its operations during the quarter ending 31 March 2026, particularly in its Nigerian lithium portfolio acquisition. The company received approval from the Nigerian Mining Cadastre Office for the transfer of six lithium licenses to C&C Minerals Limited. Chariot raised $2.15 million through an equity placement and secured a $3.5 million loan refinancing facility. Despite the lapse of a proposed strategic investment due to regulatory delays, Chariot is actively pursuing further funding options and strategic partnerships. The company reported a net cash inflow from financing activities, which outweighed the outflows from operating and investing activities, resulting in an end-of-period cash balance of $1.75 million.
Key Points
  • Approval received for transfer of six Nigerian lithium licenses.
  • Raised $2.15 million through equity placement.
  • Secured a $3.5 million loan refinancing facility.
  • Strategic investment lapsed due to regulatory delays.
  • Ended quarter with $1.75 million in cash.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.