Management believes the deal has positioned Chariot Resources (ASX:CC9) to connect its upstream portfolio of Nigerian lithium projects with established downstream supply chains. Proceeds from the investment will mainly be used towards fast-tracking exploration and development of these lithium assets. In addition, the duo remains in discussions about project-level financing and an offtake framework for Chariot’s lithium projects in Nigeria. Under a binding subscription agreement, Shanghai Greatpower Nickel & Cobalt Materials Co., Ltd. will subscribe for 9.5 million shares at $0.15 each to raise $1.425m (before ... (full story)