HIGHLIGHTS: • Due to increased interest in the Company from North American investors, Chariot is pursuing an OTCQB listing. • A dual listing is expected to facilitate investment in Chariot's shares by investors whose functional currency is the U.S. dollar thereby potentially unlocking value for existing Australian and U.S. shareholders. • Chariot has entered into an agreement with Viriathus Capital LLC to serve as its Financial Advisor in connection with the Company's OTCQB listing process.
Chariot Corporation Ltd ("Chariot" or the "Company") is pleased to announce that it has engaged U.S. based capital markets advisory group Viriathus Capital LLC to assist in securing quotation of the Company's shares on the OTCQB Venture Market in the United States.
The OTCQB is a leading U.S. market for early stage and developing international companies and is expected to provide Chariot with enhanced access to North American investors. This initiative forms part of the Company's broader strategy to increase its visibility and accessibility to North American institutional and retail investors, complementing its existing ASX listing.
Executive Chairman & Managing Director, Mr. Pathmanathan said:
"With our major U.S. lithium portfolio being located in the 'backyard' of the world's largest capital market — a United States OTCQB listing is a natural fit, aligning where we operate with where the largest share of the world's capital resides. Partnering with Viriathus Capital will accelerate this alignment, and recent reports that the U.S. government may take equity stakes in lithium producers raises the strategic importance of our U.S. lithium portfolio."
Key Benefits:
• Increased Access to U.S. Capital and Investors: A U.S. quotation broadens Chariot's reach to the deep North American investor pool while maintaining its primary ASX listing. • U.S. Dollar-Denominated Trading: U.S. investors can buy and sell in U.S. dollars during U.S. market hours, reducing FX, spread and cross-border complexities. • Expanded Investor Base: Facilitates ownership by U.S. and other international investors via standard U.S. domestic brokerage accounts, without the need to open an account overseas. • Enhanced Liquidity: Opens the door to a larger pool of institutional and retail investors, helping to drive greater trading volume and share liquidity. • Stronger Market Presence: Elevates Chariot's profile in the world's largest capital market, reinforcing its position as a significant U.S. lithium explorer and potential future developer in the United States. • Enhanced Trading Hours: U.S. hours provide a second daily venue for trading alongside ASX activity, improving flexibility for global shareholders.
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About us:
About Chariot Chariot Corporation Limited is a mineral exploration company focused on discovering and developing high-grade and near surface lithium opportunities focused principally in the United States and Nigeria. In addition to the recently announced acquisition of a Nigerian lithium portfolio which has yet to close, Chariot has twelve (12) lithium projects, including two core projects in the United States (the "Core Projects") and a number of exploration pipeline projects which Chariot majority owns and operates. The Core Projects include Chariot's Black Mountain Project (which is prospective for hard rock lithium) in Wyoming, USA and the Resurgent Project (which is prospective for claystone lithium) in Nevada and Oregon, USA. Initial survey results from the Core Projects indicate high-grade lithium mineralisation at surface.
The Nigerian portfolio of hard-rock lithium assets consists of four project clusters (Fonlo, Gbugbu, Iganna, and Saki) in the Oyo and Kwara states which cover approximately 254 square kilometers and are comprised of 8 exploration licences and 2 small-scale mining leases. These assets represent one of the largest portfolios of lithium assets in the country and have a history of significant artisanal lithium mining. Chariot anticipates completing the acquisition of the Nigerian portfolio in the fourth quarter of this calendar year.
