Chariot Corporation Ltd has amended the terms of its convertible note agreement with New York-based investor Obsidian Global GP LLC. Under the revised terms, the deferral period for converting the securities or requesting placement shares has been extended from June 1 to July 13, 2025. This means that the investor is now only able to take action on the conversion or share placement starting from July 13 until the note’s maturity. In exchange for this extension, Chariot Corporation Ltd will issue 1,000,000 fully paid ordinary shares to Obsidian Global GP LLC and 750,000 fully paid ordinary shares to consultant Max Wealthy International Limited. These ordinary shares, which are of equal rank to the company’s existing shares, will be quoted on or around June 11, 2025 and issued without needing further shareholder approval as provided under the company’s existing capacity within the listing rules. The company, a mineral exploration enterprise based in Perth, Australia, is focused on discovering and developing high-grade, near surface lithium opportunities in the United States. Its portfolio comprises 12 lithium projects; notably, its flagship projects include the Black Mountain Project in Wyoming, known for its hard rock lithium, and the Resurgent Project, which spans Nevada and Oregon and is prospective for claystone lithium. Additionally, the company holds interests in several exploration pipeline projects in Wyoming and has applications for exploration licenses in the Southern Cross Greenstone Belt of Western Australia—a region renowned for its extensive mining activity that is now emerging as a significant area for lithium pegmatite discoveries. The firm also maintains interests in projects located in Zimbabwe and Nevada through its portfolio’s diversified assets. Market sentiment about the recent developments has both bullish and bearish aspects. On the positive side, the extension of the conversion window indicates a vote of confidence from the investor, suggesting that they are taking a more long-term view of the company’s prospects as its lithium exploration projects progress. This flexibility in its financial instruments may be seen as a strategic move to support future growth. On the bearish side, concerns may arise among some investors about the potential dilution of existing shareholdings due to the issuance of an additional 1,750,000 ordinary shares. Overall, beginner traders should monitor the revised conversion timeline, the share issuance details, and the company’s ongoing exploration results as these factors could influence the stock’s performance in the near to medium term.