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An update from Chariot Corporation Limited ( (AU:CC9) ) is now available.
Chariot Corporation Limited announced strategic developments in its Black Mountain project, emphasizing a shift from large-scale resource exploration to the establishment of a pilot mine for spodumene concentrate. This strategy aims to provide raw materials for lithium hydroxide refineries in the United States, potentially enhancing the company’s market positioning in the lithium sector. The company also completed a $1.618 million capital raise to fund the second phase of drilling and initial pilot mine execution, marking significant progress in defining a lithium resource that could support future expansions.
More about Chariot Corporation Limited
Chariot Corporation Limited is engaged in the mining industry, focusing on lithium exploration and development. Its primary project is the Black Mountain project in Wyoming, USA, where it aims to establish a pilot mine for spodumene concentrate production, which is a key component in lithium-ion batteries.
YTD Price Performance: -33.57%
Average Trading Volume: 90,229
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of CC9 stock, go to TipRanks’ Stock Analysis page.
