The licences obtained by Chariot comprise four exploration licences and two small-scale mining licences. This acquisition includes a 66.667 percent stake in C&C Minerals Limited, with Continental Lithium Limited retaining a 33.333 percent stake. This strategic partnership is expected to bolster Chariot’s position in the burgeoning lithium sector.

Independent analyses of the sampled sites have confirmed a high-value presence of spodumene, a commercially viable lithium-bearing mineral. The results showed that spodumene accounted for between 28.4 percent and 75.3 percent of the crystalline content in the samples, with lithium oxide grades ranging from 2.66 percent to 5.96 percent.

Additionally, elevated caesium values were recorded, with one sample showing pollucite reaching up to 9.5 percent. These findings are crucial as they support Chariot’s plans to advance drill-ready targets and accelerate exploration efforts across its Nigerian portfolio.

Shanthar Pathmanathan, a representative from Chariot, emphasized the importance of these approvals, stating, “These approvals are monumental for the Company and indeed the global lithium sector as they signify the first entry of an ASX-listed lithium company into the high-potential lithium sector in Nigeria.”

The approvals are viewed as a key regulatory milestone that materially de-risks Chariot’s lithium portfolio acquisition in Nigeria. The Nigerian lithium sector is known to host pegmatites that produce spodumene primarily for the Chinese market, making this discovery particularly relevant in the context of global lithium supply chains.

As Chariot moves forward with its exploration plans, the company aims to capitalize on the growing demand for lithium, which is essential for electric vehicle batteries and other technologies. The findings from the exploration activities not only highlight the potential of the Nigerian lithium sector but also position Chariot as a key player in the industry.

Overall, Chariot’s discovery and subsequent actions in Nigeria are set to have significant implications for both the company and the broader lithium market. The developments underscore the increasing importance of lithium as a critical resource in the transition to renewable energy and electric mobility.

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The lawsuit aimed to overturn a national monument designation made by President Biden in 2023, which set aside almost a million acres south of the Grand Canyon. This designation, enacted under the Antiquities Act, prohibits mining within the protected area, a decision that has drawn both support and criticism.

On April 2, 2026, the 9th U.S. Circuit Court of Appeals upheld a lower district court’s decision to dismiss the lawsuit, which was filed by Mohave County, Colorado City, the town of Fredonia, and Arizona Treasurer Kimberly Yee. The plaintiffs argued that the ban on mining would lead to significant financial losses in tax revenue, particularly from uranium mining.

In response to the ruling, Sen. John Kennedy expressed strong disapproval of the Biden administration, stating, “the Biden administration sucks…President Biden has been spectacularly awful.” His comments reflect a broader sentiment among some GOP members regarding the administration’s environmental policies.

A Trump administration official also weighed in, comparing the experience of listening to Trump’s speeches to that of listening to Joe Biden speak, suggesting a lack of confidence in Biden’s leadership.

Attorney General Kris Mayes, however, celebrated the court’s decision, stating, “This is just a great day for the 13 different tribes from Nevada, Utah, Colorado, Arizona and New Mexico and the state of Arizona and our nation that wanted to see this beautiful national monument stay in place.” This highlights the support for the monument among various tribal groups who view it as a vital cultural and environmental asset.

The appeals panel affirmed the dismissal on all counts, indicating that the legal challenges to Biden’s monument designation will not proceed. This ruling is seen as a significant victory for environmental advocates and tribal leaders who support the preservation of the area.

As the situation develops, observers are keen to see how Arizona state Republicans and other stakeholders will respond to this ruling and what implications it may have for future mining activities in the region. The ongoing debate over land use and environmental protection in Arizona remains a contentious issue.

Details remain unconfirmed regarding any potential further legal actions from the plaintiffs, but the ruling has set a precedent for similar cases in the future. The Biden administration’s use of the Antiquities Act continues to be a focal point of political contention, particularly among those advocating for resource extraction in the area.

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