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Chariot Resources secures exploratory deals with Chinese firms for Nigerian lithium, aiming for funding and long-term sales.
Chariot Resources has signed a non-binding agreement with Chinese lithium trader Fujian Jinjianqiao to explore funding and a long-term offtake deal for spodumene concentrate from its Nigerian lithium projects, following a similar deal with Shanghai GreatPower Materials.
The partnerships aim to support on-site processing and leverage China’s growing lithium demand, with pricing tied to international benchmarks.
Chariot’s Nigerian portfolio spans 254 square kilometers with assays up to 5.96% lithium oxide.
The agreements, subject to due diligence and completion of Chariot’s asset acquisition, include a 90-day exclusivity period and could lead to credit lines and prepayments.
The move reflects rising Chinese interest in Nigeria’s pegmatite deposits amid surging lithium prices and global supply chain shifts.
Chariot is also advancing lithium projects in the U.S. as 2026 becomes a pivotal year for its African expansion.
Chariot Resources obtiene acuerdos exploratorios con firmas chinas para el litio nigeriano, con el objetivo de obtener financiación y ventas a largo plazo.