Another tidbit from the guts of the report. It will be interesting to see if anything comes from it. Hopefully some up front cash for Charger as well for all the money they have spent so far.
CORPORATE
Strategic Process
During the quarter Charger was approached by several large strategic companies showing
interest in the Company and its lithium project portfolio. As such, the Company commenced a
process to investigate whether it could obtain better funding terms than available in equity markets
due to the sharp decrease in lithium prices this calendar year. The Company agreed to share its
technical data under NDA with some of the interested parties with the required financial capability
to fund a significant exploration strategy at either Bynoe and/or Lake Johnston Lithium Projects. To
date the Company has not received binding terms on a funding proposal and negotiations are
ongoing. The Company will advise the market if and when a binding agreement is reached.
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