Chariot (ASX:CC9) said its unit, Panther Lithium Corporation, entered into a second amendment to the amended and restated exploration and secured option agreement with Black Mtn. Lithium, according to a Friday Australian bourse filing.

Under the revised second amendment terms, the original obligation for Panther to pay $1.45 million in three cash installments by Dec. 30 has been extended to seven cash installments due by Sept. 30, 2026, and the issue of 2 million fully paid ordinary shares of Chariot, the filing added.

If shareholders do not approve of the deal, the company will pay Black Mtn. Lithium cash equal the value of 2 million Chariot shares, based on the 10-day volume-weighted average price on the shareholder meeting date, within 30 days.