Core Lithium Changes Strategy for Charger and Bynoe, Enters Deals with Lithium Australia
Core Lithium (ASX:CXO,OTC Pink:CXOXF) announced on Monday (September 9) that it has entered into two separate and discrete agreements with Lithium Australia (ASX:LIT,OTC Pink:LMMFF).
Through the first agreement, Core will acquire 7.6 million Charger Metals (ASX:CHR) shares currently held by Lithium Australia. According to the company, the purchase must be completed before September 20.
Once it goes through, Core will own approximately 9.8 percent of Charger’s shares.
Under the second agreement, Lithium Australia will sell Core its 30 percent stake in Charger’s Bynoe lithium project for AU$500,000 in cash. Located in the Northern Territory, Bynoe is enclosed by Core’s Finniss lithium project.
Through its joint venture with Lithium…
