Chariot Corporation (ASX:CC9) has engaged Viriathus Capital to support quotation of its shares on the OTCQB Venture Market in the US.
The OTCQB is a leading US market for early-stage and developing international companies and is expected to provide Chariot with enhanced access to North American investors.
Chariot, which has a market capitalisation of $33.93 million, says this initiative forms part of the broader strategy to increase its visibility and accessibility to North American institutional and retail investors, complementing its existing ASX-listing.
Managing Director Shanthar Pathmanathan says an OTCQB listing is a natural fit, aligning the company with where the largest share of the world’s capital resides.
“Partnering with Viriathus Capital will accelerate this alignment, and recent reports that the US Government may take equity stakes in lithium producers raises the strategic importance of our US lithium portfolio,” Pathmanathan says.
As previously reported, Chariot is strategically positioned next door to Lithium Americas’ (TSX:LAC) Thacker Pass Project in Nevada, which is one of North America’s most talked-about lithium developments.
Earlier this week, the US Government requested a 10% stake in Lithium Americas, amid renegotiating a US$2.26 billion ($3.45 billion) loan from the Department of Energy to advance the group’s Thacker Pass Lithium Project in Nevada, with General Motors.
Chariot Corporation’s Resurgent Project, covering 10,137 hectares, is subdivided into two principal claim areas. The project neighbours two of the largest lithium resources in North America with a combined mineral resource of over 87 million tonnes of lithium carbonate equivalent.
Write to Aaliyah Rogan at Mining.com.au
Images: Chariot Corporation
