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Chariot Corporation Limited (ASX: CC9) released its Activities Report for the quarter ending 31 March 2025. 


The Company's strategic focus remains on its high-grade lithium opportunities in the United States, with projects in Wyoming, Nevada, and Oregon showing promising initial results. Chariot continues to monitor developments at neighboring projects in the McDermitt Caldera. The Zimbabwe project is being relinquished due to unfavorable lithium market conditions.

Chariot Corporation Limited (ASX: CC9) released its Activities Report for the quarter ending 31 March 2025. The company secured seven exploration licenses with lithium and gold potential in the Southern Cross Greenstone Belt in Western Australia, enhancing its portfolio. Additionally, Chariot entered a convertible note financing facility, raising $600,000 in an initial drawdown. The company also executed a Second Amendment to the Black Mountain Purchase Option, improving financial flexibility with extended payment terms.<br/><br/>The Company's strategic focus remains on its high-grade lithium opportunities in the United States, with projects in Wyoming, Nevada, and Oregon showing promising initial results. Chariot continues to monitor developments at neighboring projects in the McDermitt Caldera. The Zimbabwe project is being relinquished due to unfavorable lithium market conditions.<br/><br/>Chariot's financial position remains stable, with no borrowings and approximately A$0.40 million cash on hand as of 31 March 2025. The company's exploration expenditure for the quarter was approximately A$0.11 million. A detailed breakdown of expenditures and cash flows is provided in the Appendix 5B report.<br/><br/>Investors are encouraged to review the full report for more detailed information. Any questions or inquiries about the company's activities and financials are welcome. Visit the company's website at www.chariotcorporation.com for access to all ASX announcements and further details.

Quarterly Activities/Appendix 5B Cash Flow Report

Announcement summary