Chariot Corp (ASX:CC9) boosts landholding by 206%; boosts lithium stakes

Chariot Corporation (ASX:CC9) made a brief announcement to the ASX on Friday, outlining an expansion of landholding.

The company has now expanded its Black Mountain project with another 218 contiguous claims.

All in all, this reflects an expansion of some 206%.

The explorer has also increased its ownership interests in its “Wyoming Lithium Portfolio” to a neat 93.9%, achieved through a share subscription to reimburse Chariot for exploration expenses.

That brings the company’s total hard rock lithium project count to 7 individual plays in the state of Wyoming.

“Each of the projects comprising Chariot’s Wyoming Lithium Portfolio is located in an area without any known land-use encumbrances,” the company wrote on Friday.

Shrugging off macro headwinds in the sector, Chariot is rolling on.

Its Black Mountain play now includes 352 claims officially recognised by the US Federal Bureau of Lands Management (BLM).

“In 2020, Wyoming was ranked 2nd on Fraser Institute’s policy perception index, demonstrating strong government policy support for ongoing mining exploration and development,” Chariot added on Friday.

CC9 shares last traded at 27c.