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Chariot adjusts deal with Black Mountain, delaying payments and issuing shares for Wyoming lithium project.
Chariot Corporation has revised its acquisition terms with Black Mountain Lithium for a project in Wyoming, extending payment deadlines and swapping some cash for equity.
Chariot will now make seven smaller payments by September 2026 and issue two million new shares to Black Mountain, pending shareholder approval.
This adjustment aims to improve Chariot's cash flow while advancing the project to meet the growing demand for lithium in the US electric vehicle market.
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Chariot ajusta el acuerdo con Black Mountain, retrasa los pagos y emite acciones para el proyecto de litio de Wyoming.