CHARIOT RAISES $1.60 MILLION THROUGH A PLACEMENT OF SHARES

About this update from Chariot Resources Ltd

Chariot Corporation Limited (ASX: CC9) ('Chariot' or the 'Company') is pleased to announce that it has received firm commitments for a placement raising A$1.6 million before costs, through the issuance of approximately 32 million fully paid ordinary Chariot shares at a price of A$0.05 per share on the terms set out in this announcement. The placement was strongly supported by a group of institutional, sophisticated and professional investors, including existing shareholders, long-term lithium investors and associates of GBA Capital Pty Ltd ('GBA Capital'), which acted as the lead manager for the placement. Southern Cross Financial Pty Ltd , which has had a longstanding association with the Company, also supported the placement. Chariot Managing Director, Mr. Shanthar Pathmanathan, commented: 'The strong support received for this placement, particularly from cornerstone investors, is a clear endorsement of Chariot's strategy and the exceptional potential of the newly acquired interests in the Nigerian lithium portfolio. These funds will enable us to aggressively advance exploration at the properties which exhibit visible spodumene at surface and have undergone some artisanal mining, but have never been drilled. With historical exports already validating both the quality of our ore and the market demand for it, we are confident that this placement positions Chariot for transformational growth. I would like to thank both our new and existing shareholders for their continued confidence and support. Important Notice Statements in this announcement are made only as of the date of this announcement unless otherwise stated and the information in this announcement remains subject to change without notice. This announcement may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the Company believes that its expectations, estimates and projected outcomes are based on reasonable assumptions, it can give no assurance that they will be achieved About Chariot Chariot Corporation Limited is a mineral exploration company focused on discovering and developing high-grade and near surface lithium opportunities in the United States . Chariot has twelve (12) lithium projects, including two core projects (the 'Core Projects') and a number of exploration pipeline projects which Chariot majority owns and operates. The Core Projects include Chariot's flagship 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. Chariot holds an interest in six exploration pipeline projects located in Wyoming, USA , including, the Copper Mountain Project , the South Pass Project and four other hard rock lithium projects. Chariot also holds an interest in applications for seven (7) exploration licences in the highly prospective Southern Cross Greenstone Belt, Western Australia . The Southern Cross Greenstone Belt, one of Western Australia's most significant gold-producing regions with over 150 mines, is now emerging as a key region for LCT pegmatites. Chariot holds an interest in a hard rock lithium project in Zimbabwe . The Zimbabwe project licences are in the process of being relinquished. In addition, Chariot holds a portfolio interest in certain properties prospective for claystone hosted lithium located in the State of Nevada in the United States through its interest in Mustang Lithium LLC . Contact: Email: chariotcorporation.com (C) 2025 Electronic News Publishing, source ENP Newswire

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