On January 2, 2026, Chariot Resources Limited announced that it has signed a non-binding memorandum of understanding (“MOU”) with Shanghai GreatPower Nickel & Cobalt Materials Co., Ltd. to explore collaboration opportunities across the lithium supply chain. This MOU contemplates a partnership for the potential offtake of lithium raw materials from Chariot’s Nigerian projects, development of local lithium processing capacity in Nigeria and the integration of advanced electrification and renewable energy solutions into future mines in Nigeria.
This collaboration highlights the importance of Nigeria in the global lithium supply chain and the clean energy transition. By linking Chariot’s soon-to-be-acquired Nigerian lithium portfolio with Shanghai GreatPower’s established battery materials ecosystem, the MOU envisions creating a secure, vertically integrated supply route from Chariot’s upstream Nigerian projects to China’s downstream lithium ion battery manufacturing facilities.
Shanghai GreatPower’s extensive technical expertise, lithium supply requirements and strong balance sheet make it a natural partner for Chariot with its diversified upstream, undeveloped project base. In addition to offtake and raw material processing, the MOU expressly contemplates financing, with Shanghai GreatPower potentially providing development funding to fast-track the exploration and development of Chariot’s Nigerian lithium projects.
Full details available at Chariot Announcement – Jan. 2, 2026
