CHR - Charger Metals

[System]

Charger Metals was incorporated on 27 November 2020 to acquire and explore interests in battery minerals and precious metals projects in Australia.

Charger has secured an option agreement to acquire a 70% interest in the Coates Ni-Cu-Co-PGE Project and the Lake Johnston Lithium and Gold Project in Western Australia (one tenement will be acquired 100%) and the Bynoe Lithium and Gold Project in the Northern Territory.

In addition, Charger has also entered into a separate option agreement to acquire an 85% interest in the Coates North Project which adjoins the Coates Ni-Cu-Co-PGE Project.

Following the recent success of Chalice Gold Mines Limited at Julimar in the Shire of Northam, Western Australia region, a significant amount of exploration funding has been raised by various parties to target what appears to be an emerging Ni-Cu-Co-PGE Province. The Coates Ni-Cu-Co-PGE Project has significant Ni-Cu-Co-PGE geochemistry anomalies justifying further exploration to test targets within 28 kilometres of the Julimar Project.

It is anticipated that CHR will list on the ASX during July 2021.

Home - Charger Metals NL

Charger Metals NL (ASX: CHR) is a well-funded exploration company targeting battery metals and precious metals in three emerging battery minerals provinces in Australia.

chargermetals.com.au

 

[Dona Ferentes]

Listing date	8 July 2021 12:00PM AEST ##
Contact details	Home - Charger Metals Linkedin Twitter lithium & base metals Charger Metals is an Australian-based minerals company focusing on lithium & other base metals across our projects in Western Australia and the Northern Territory. see our projects PROSPECTUS NOW AVAILABLE CONTACT US Registered Office Unit 32, Level 3, 22... chargermetals.com.au Ph: +61 8 6146 5325
Principal Activities	Mineral Exploration
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	CHR
Capital to be Raised	$6,000,000
Expected offer close date	17 June 2021
Underwriter	Not underwritten. Pamplona Capital Pty Ltd (Lead manager)

 

[Dona Ferentes]

after bouncing around 20c to 22c since listing last month, on the back of a holder reveal, up 25% today

Rinehart heir John Hancock is making another lithium bet. New York-based fund manager Lind Partners, to which Hancock is an advisor, has bought up a substantial position in recently listed ASX minnow Charger Metals.

The investment in Charger, which is a minerals company focusing on lithium as well as other base metals across projects in Western Australia and the Northern Territory, was made through Lind’s Global Macro Fund. It secured a 7.34 per cent position, having first bought into the company in January prior to the IPO.

 

[frugal.rock]

Hey Charger

YouTube for those deprived of the last of real lifes proper days , which was the 70's... life before the internet was used and mobile phones and blah

 

[frugal.rock]

The hemi is revving again.

 

[Dona Ferentes]

it's all happening (well telegraphed?)
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trading halt ... capital raising

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Rio Tinto and Charger Metals sign Farm-in Agreement
for the Lake Johnston Lithium Project
- Charger has entered into a binding agreement with Lithium Australia Limited (ASX: LIT) to purchase their minority interest in the Lake Johnston Lithium Project for $2 million to increase Charger’s interest to 100% (LIT Agreement).
- Simultaneously, Rio Tinto Exploration Pty Ltd, a wholly-owned subsidiary of Rio Tinto Limited (ASX: RIO), has signed a binding farm-in agreement for the Lake Johnston Lithium Project (RTX Agreement):
o RTX to pay Charger $500,000 and invest $1.2 million in Charger prior to commencement of farm-in;
o RTX to spend minimum $3 million exploration expenditure over the first 12 months;
o RTX can earn 51% by sole funding $10 million in exploration expenditure and paying Charger minimum further cash payments of $1.5 million;
o RTX can earn 75% by sole funding $40 million in exploration expenditure or completing a Definitive Feasibility Study.
- The RTX deal reaffirms the prospectivity of the Lake Johnston Lithium Project and its potential to host a large-scale lithium deposit.

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Charger's Lake Johnston project covers part of the Archaean-aged Lake Johnston greenstone belt where LCT pegmatite swarms have been mapped and sampled along a 50km corridor.

Previous drilling has highlighted the potential of the Medcalf prospect, with notable intersections such as 4m at 2.06% Li2O from 145m and 6m at 1.56% Li2O from 19m, allowing the explorer to delineate spodumene-bearing pegmatites up to 13m thick.

Other target areas include the Mt Gordon prospect and much of the Mount Day lithium-caesium-tantalum pegmatite field, which is prospective for lithium and tantalum minerals.

 

[Dona Ferentes]

Core Lithium (CXO) has bid an all-scrip deal for the company at 0.9 Core Lithium shares per Charger share. The deal values Charger at around $6.5 million, or nearly 9¢ per share. Before news of the deal, shares were trading around 7¢, near an all-time low after sinking more than 60 per cent in the last 12 months.

Charger’s board said the Core deal did “not fully reflect the company’s value and prospects”. “The Charger board remains open to continuing engagement with Core should it wish to do so, with the view to pursuing the best outcome for Charger shareholders.”

Charger said it was continuing conversations with other potential bidders.

up 20 per cent