The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Chariot Corporation (ASX:CC9) has unveiled its vision for its Wyoming-based Black Mountain Project – aiming to fast-track its path to production by establishing a “pilot mine.”

While daily market-watchers may be more familiar with pilot plants, the pilot mine plan incorporates that asset.

A pilot mine is something that only a Wyoming lawmaker could love – indeed, that US state offers a unique permitting system which allows Chariot to undertake such an endeavour.

Wyoming is, after all, the Cowboy State.

The company perceives it has enough near-surface mineralisation to substantiate an open-pit mine, with enough lithium hydroxide downstream facilities nearby to facilitate an economic export model.

Chariot’s ultimate goal is to fast-track spodumene concentrate production for sale into world markets – notably, those relying on sources of lithium ex-China.

What it needs first is a “high-priority, small-scale lithium resource” to underscore that early-stage project.To that end, phase 2 drilling will kick off, set for completion by early 2025.

On the back of that, the company is also to export 200kg of core to a laboratory in Western Australia to undertake metallurgical work.

Chariot noted on Thursday that despite a fall in lithium prices worldwide, US demand is only set to grow into the 2030’s.

Lithium Carbonate futures, by chance, jumped 2% overnight on Thursday Australian time.

CC9 last traded at 14.5cps.

Join the discussion: See what HotCopper users are saying about Chariot Corporation and be part of the conversations that move the markets.

CC9 by the numbers
More From The Market Online
Punishment concept

Ora Banda’s share price punished as FY25 production to fall -5%

Ora Banda Mining (ASX:OBM) has fallen to the tune of -10% as shareholders punish the company…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Virgin returns to the ASX: Buy the hype or wait for a dip?

The return of Virgin Australia to the ASX is one of the most anticipated IPOs of 2025. With Bain Capital reducing its stake...
Indian defence concept

BluGlass inks deal with Indian defence dept. to supply specialist laser

BluGlass (ASX:BLG) has confirmed its receipt of an A$230K order from the Indian Department of Defence…
The Market Online Video

ASX Market Open: Sell-off as Musk-Trump spat overshadows Xi Jinping call | June 6, 2025

The Australian market looks set to continue its trickling down slide through to the closing bell in Week 23, with Thursday’s red close