Latest news with #ShantharPathmanathan
The Australian
30-07-2025
- Business
- The Australian
Long Shortz: Chariot Corporation
Tylah Tully chats with Chariot Corporation (ASX:CC9) managing director Shanthar Pathmanathan after the company acquired the largest portfolio of hard rock lithium assets in Nigeria. This move marks a strategic pivot driven by strong Chinese demand for African-sourced lithium. Pathmanathan explained Chariot's focus on three key initiatives: drilling high-potential targets, partnering with artisanal miners for near-term revenue, and securing offtake agreements with Chinese buyers. With Nigeria's geology likened to Brazil and increasing global interest, the projects offer significant scale and access to the world's dominant lithium market. This video was developed in collaboration with Chariot Corporation, a Stockhead advertiser at the time of publishing. This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The Australian
14-07-2025
- Business
- The Australian
Explorers Podcast: Chariot Corporation
Stockhead's 'Garimpeiro' columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast. Barry is joined in this episode by Chariot Corporation (ASX:CC9) managing director Shanthar Pathmanathan, following a transformational acquisition for the company. Chariot announced last week it picked up a majority stake in a portfolio of hard rock lithium projects in Nigeria. The company will secure a 66.7% interest in the "highly prospective" grounds spanning more than 250sq km. Tune in to hear all the details. This podcast was developed in collaboration with Chariot Corporation, a Stockhead advertiser at the time of publishing. The interviews and discussions in this podcast are opinions only and not financial or investment advice. Listeners should obtain independent advice based on their own circumstances before making any financial decisions.
The Age
10-07-2025
- Automotive
- The Age
Milestone deal plunges Chariot into West African lithium market
It's no secret that lithium has become the new oil in the global race to power the clean energy revolution. And now, Chariot Corporation has taken what could well prove to be its boldest swing yet - striking a landmark deal that positions it as a dominant force in Nigeria. The West African nation is one of the world's most tantalising but overlooked lithium frontiers, which is quickly becoming the new frontline in the global lithium race thanks to the world's largest electric vehicle market, China. Chariot's latest move, unveiled today, involves acquiring a little more than 66 per cent of a suite of five lithium-rich tenements. Importantly, four of those projects already have mapped pegmatites containing visible spodumene – the lithium-bearing mineral that turns heads in this game. One shows lithium grades of up to 6.59 per cent lithium oxide in rock chips. That's the kind of figure that grabs attention anywhere on the global lithium map. The company will acquire its 66.7 per cent interest in Nigerian holding company C&C Minerals, which will hold the eight exploration licences and two small-scale mining licences. Licence vendor Continental will retain a one-third interest in C&C Minerals. Continental appears to have a strong track record of operating artisanal mining and mineral processing operations in Nigeria for lithium, as well as other minerals including tin and zircon. As part of the deal, Continental will also be issued a total of 42 million shares in Chariot, including 24 million shares issued upon Chariot shareholder approval. 'We're looking forward to getting on the ground and advancing these high-grade lithium prospects, which complement our development work in the United States.' Chariot Corporation managing director Shanthar Pathmanathan The move fits squarely into Chariot's long game – to amass a global portfolio of high-grade, hard rock lithium assets that can be advanced quickly and monetised smartly. Nigeria's broader lithium exploration narrative is currently being led by major players, including Gangfeng, and if it's anything to go by this could be a canny move indeed. Africa is quickly becoming the new frontier in the global lithium race. With the world's shift to electric vehicles accelerating, China is pouring investment into African lithium mines in a strategic bid to secure low-cost, high-volume feedstock. Consensus forecasts hold that China's hard-rock lithium supply deficit will increase up to five-fold by 2035. Beijing is turning to Africa to fill the gaping hole, which is why Chariot Corporation's latest move could be transformative. In Zimbabwe alone, Chinese investors already control nearly 90 per cent of lithium production, and the government's ban on raw ore exports is only accelerating investment in downstream refining facilities. The Chinese play is clear: secure the resource, control the processing and lock up supply chains at the lowest cost. Against that backdrop, Chariot's Nigerian move puts it squarely in the path of the next wave of lithium capital flows. Chariot's newly acquired four Nigerian projects all sit within a 400-kilometre radius of the Port of Lagos and include confirmed spodumene-bearing pegmatites at the Fonlo, Gbugbu, Iganna and Saki projects. At Fonlo, lithium mineralisation is visible along a strike of more than 200 metres, while surface chip samples at Gbugbu have returned assays up to 6.59 per cent lithium oxide – a result that would make any geologist crack a gold-toothed smile.
Sydney Morning Herald
10-07-2025
- Automotive
- Sydney Morning Herald
Milestone deal plunges Chariot into West African lithium market
It's no secret that lithium has become the new oil in the global race to power the clean energy revolution. And now, Chariot Corporation has taken what could well prove to be its boldest swing yet - striking a landmark deal that positions it as a dominant force in Nigeria. The West African nation is one of the world's most tantalising but overlooked lithium frontiers, which is quickly becoming the new frontline in the global lithium race thanks to the world's largest electric vehicle market, China. Chariot's latest move, unveiled today, involves acquiring a little more than 66 per cent of a suite of five lithium-rich tenements. Importantly, four of those projects already have mapped pegmatites containing visible spodumene – the lithium-bearing mineral that turns heads in this game. One shows lithium grades of up to 6.59 per cent lithium oxide in rock chips. That's the kind of figure that grabs attention anywhere on the global lithium map. The company will acquire its 66.7 per cent interest in Nigerian holding company C&C Minerals, which will hold the eight exploration licences and two small-scale mining licences. Licence vendor Continental will retain a one-third interest in C&C Minerals. Continental appears to have a strong track record of operating artisanal mining and mineral processing operations in Nigeria for lithium, as well as other minerals including tin and zircon. As part of the deal, Continental will also be issued a total of 42 million shares in Chariot, including 24 million shares issued upon Chariot shareholder approval. 'We're looking forward to getting on the ground and advancing these high-grade lithium prospects, which complement our development work in the United States.' Chariot Corporation managing director Shanthar Pathmanathan The move fits squarely into Chariot's long game – to amass a global portfolio of high-grade, hard rock lithium assets that can be advanced quickly and monetised smartly. Nigeria's broader lithium exploration narrative is currently being led by major players, including Gangfeng, and if it's anything to go by this could be a canny move indeed. Africa is quickly becoming the new frontier in the global lithium race. With the world's shift to electric vehicles accelerating, China is pouring investment into African lithium mines in a strategic bid to secure low-cost, high-volume feedstock. Consensus forecasts hold that China's hard-rock lithium supply deficit will increase up to five-fold by 2035. Beijing is turning to Africa to fill the gaping hole, which is why Chariot Corporation's latest move could be transformative. In Zimbabwe alone, Chinese investors already control nearly 90 per cent of lithium production, and the government's ban on raw ore exports is only accelerating investment in downstream refining facilities. The Chinese play is clear: secure the resource, control the processing and lock up supply chains at the lowest cost. Against that backdrop, Chariot's Nigerian move puts it squarely in the path of the next wave of lithium capital flows. Chariot's newly acquired four Nigerian projects all sit within a 400-kilometre radius of the Port of Lagos and include confirmed spodumene-bearing pegmatites at the Fonlo, Gbugbu, Iganna and Saki projects. At Fonlo, lithium mineralisation is visible along a strike of more than 200 metres, while surface chip samples at Gbugbu have returned assays up to 6.59 per cent lithium oxide – a result that would make any geologist crack a gold-toothed smile.
