Chariot Resources acquired interests in a portfolio of lithium exploration and mining licences in Nigeria, strengthening its presence in the country’s growing critical minerals sector.
Mining
Mergers and Acquisitions
ND
Nigeria, Australia
2026
Chariot Resources Limited (ASX:CC9) has acquired interests in a portfolio of lithium exploration and mining licences in Nigeria, marking a significant cross-border transaction in the country’s emerging solid minerals sector.
The transaction forms part of Chariot’s strategy to establish a foothold in Nigeria’s lithium market through a majority stake in a multi-asset portfolio comprising exploration licences and small-scale mining leases across key project clusters. The assets, which span several hundred square kilometres, are considered among the more substantial lithium holdings in the country and are expected to support early-stage exploration and potential development activities.
The acquisition has also been supported by regulatory approvals from Nigeria’s Mining Cadastre Office, including the transfer of multiple licences into Chariot’s joint venture structure, paving the way for completion of the transaction and commencement of exploration activities.
Advisory Team:
Aluko & Oyebode
Ajibola Asolo
Cephas Caleb
Bukola Akinsulere
Aaron Alasa
Innocent Uzoma
Musa Muhammed
Aminat Tijani