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Charger Metals NL (ASX:CHR)

ALERT: Price-sensitive ASX Announcement for CHR
Current share price for CHR : $0.081 -0.003 (-3.57%)+
Announcement
Release
19 Jun 2026 9:39AM
Price at Release
$0.084
Full Release
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Summary
Charger Metals NL has entered into a binding agreement to sell its 100% ownership of the Bynoe Lithium Project to Core Lithium Limited's wholly-owned subsidiary, Bynoe Lithium Pty Limited. The sale involves a payment of $3.75 million upon completion, an additional $1 million contingent on achieving a specified resource milestone, and a 1% royalty on gross revenue from lithium products generated from the project area, with the royalty capped at $10 million. The sale of the Bynoe Lithium Project, which is located near Core's Finniss Lithium Project, allows Charger to focus on developing its Lake Johnston Lithium Project. The completion of this transaction is subject to governmental approval for the transfer of exploration licences, anticipated within two months.
Key Points
  • Charger Metals NL sells 100% of Bynoe Lithium Project to Core Lithium's subsidiary.
  • Purchase price includes $3.75 million on completion, $1 million on milestone, and a 1% royalty.
  • Bynoe Project located near Core's Finniss Lithium Project, enhancing operational synergies.
  • Sale allows Charger to focus on Lake Johnston Lithium Project.
  • Completion subject to governmental transfer approval, expected in two months.
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.