Chariot Unit Extends Payment Terms in Black Mtn. Lithium Deal, Adds Share-Based Option

MT Newswires Live

Mar 28, 2025

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.

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Lithium Deal, Adds Share-Based Option\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-28 14:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> 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.</p><p>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.</p><p>If shareholders do not approve of the deal, the company will pay Black Mtn. 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