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Chariot Resources secured $1.425M from China’s Greatpower for Nigerian lithium projects, pending approval by April 15, 2026.
Chariot Resources secured $1.425 million from Chinese firm Jiangsu Greatpower NexEnergy Technology by issuing 9.5 million shares at 15 cents each, with 19 million options attached, pending Chinese approval and a deadline of April 15, 2026.
The investment supports Chariot’s development of Nigerian lithium projects, Fonlo and Iganna, where rock chip samples showed lithium oxide grades from 2.66% to 6.59% along with tantalum and caesium.
The company plans a 2,000 to 4,000-meter diamond drilling program and is in advanced talks with Greatpower on offtake agreements, financing, and electrified mining equipment.
The acquisition of a 66.667% stake in the Nigerian portfolio, backed by a $379,195 convertible loan, is now set for completion by May 5, 2026.
Chariot Resources obtuvo 1.425 millones de dólares de la Gran Potencia de China para proyectos de litio en Nigeria, pendientes de aprobación para el 15 de abril de 2026.