Announcement • Feb 03
Charger Metals NL has completed a Follow-on Equity Offering in the amount of AUD 1.348437 million. Charger Metals NL has completed a Follow-on Equity Offering in the amount of AUD 1.348437 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,725,538
Price\Range: AUD 0.115
Discount Per Security: AUD 0.0069
Transaction Features: Subsequent Direct Listing Announcement • Jan 27
Charger Metals NL has filed a Follow-on Equity Offering in the amount of AUD 1.348437 million. Charger Metals NL has filed a Follow-on Equity Offering in the amount of AUD 1.348437 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,725,538
Price\Range: AUD 0.115
Discount Per Security: AUD 0.0069
Transaction Features: Subsequent Direct Listing Announcement • Oct 09
Charger Metals NL, Annual General Meeting, Nov 27, 2025 Charger Metals NL, Annual General Meeting, Nov 27, 2025. Announcement • Oct 02
Charger Metals NL Announces Executive Changes, Effective 1 October 2025 Charger Metals NL advised that Johnathon Busing has been appointed Company Secretary of the Company, effective 1 October 2025. Mr. Busing is a Chartered Accountant and the founder of Eleven Corporate. He has extensive experience in accounting, corporate advisory, governance and ASX compliance, and currently acts as Company Secretary and Chief Financial Officer for a number of ASX-listed companies across the resources sector. The Board thanks Jonathan Whyte, the outgoing Company Secretary, for his service and welcomes Mr. Busing to the role. Board Change • Aug 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Terry Gardiner was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Terry Gardiner was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 31
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Terry Gardiner was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 07
Charger Metals NL (ASX:CHR) acquired the remaining 30% stake in Bynoe Lithium Project from Livium Ltd (ASX:LIT) for AUD 0.50 million. Charger Metals NL (ASX:CHR) acquired the remaining 30% stake in Bynoe Lithium Project from Livium Ltd (ASX:LIT) for AUD 0.50 million on November 7, 2024. A cash consideration of AUD 0.5 million will be paid by Charger Metals NL. Upon completion, Charger Metals NL has acquired 100% stake in the Bynoe Lithium Project.
Charger Metals NL (ASX:CHR) completed the acquisition of the remaining 30% stake in Bynoe Lithium Project from Livium Ltd (ASX:LIT) on November 7, 2024. Announcement • Oct 23
Charger Metals NL has filed a Follow-on Equity Offering in the amount of AUD 0.774203 million. Charger Metals NL has filed a Follow-on Equity Offering in the amount of AUD 0.774203 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,710,125
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Transaction Features: Rights Offering Announcement • Oct 09
Charger Metals NL, Annual General Meeting, Nov 29, 2024 Charger Metals NL, Annual General Meeting, Nov 29, 2024. Announcement • Aug 20
Core Lithium Ltd (ASX:CXO) entered into a a non-binding indicative offer to acquire Charger Metals NL (ASX:CHR) for AUD 6.1 million. Core Lithium Ltd (ASX:CXO) entered into a a non-binding indicative offer to acquire Charger Metals NL (ASX:CHR) for AUD 6.1 million on July 25, 2024. Charger shareholders would receive 0.9 Core shares for each ordinary share in Charger. The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders, consummation of due diligence investigation, definitive agreement, material third party consents, board approval of Core and subject to court approval. The deal has been unanimously approved by the board of Charger Metals. Announcement • Jan 11
Charger Metals NL (ASX:CHR) completed the acquisition of remaining 30% stake in Lake Johnston Lithium Project in Western Australia from Lithium Australia Limited (ASX:LIT). Charger Metals NL (ASX:CHR) entered into a binding agreement to acquire remaining 30% stake in Lake Johnston Lithium Project in Western Australia from Lithium Australia Limited (ASX:LIT) for AUD 2 million on November 20, 2023. The transaction is conditional upon Charger obtaining a waiver from ASX Listing Rule, Charger obtaining an independent expert’s opinion that the LIT Agreement is fair and reasonable, consents being obtained from third parties who granted the contractual lithium rights forming part of the Lake Johnston Project, Charger obtaining shareholder approval and RTX Agreement remaining in full force and effect as at completion. The transaction is expected to complete on or before February 28, 2024. Charger Metals NL (ASX:CHR) completed the acquisition of remaining 30% stake in Lake Johnston Lithium Project in Western Australia from Lithium Australia Limited (ASX:LIT) on January 11, 2024. Shareholders of Charger Metals NL approved the transaction on January 11, 2024. New Risk • Dec 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$19.3m market cap, or US$12.7m). Announcement • Nov 29
Charger Metals NL has completed a Follow-on Equity Offering in the amount of AUD 2.703 million. Charger Metals NL has completed a Follow-on Equity Offering in the amount of AUD 2.703 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,600,000
Price\Range: AUD 0.255
Discount Per Security: AUD 0.0153
Transaction Features: Subsequent Direct Listing Announcement • Nov 25
Charger Metals NL has filed a Follow-on Equity Offering in the amount of AUD 2.703 million. Charger Metals NL has filed a Follow-on Equity Offering in the amount of AUD 2.703 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,600,000
Price\Range: AUD 0.255
Discount Per Security: AUD 0.0153
Transaction Features: Subsequent Direct Listing Announcement • Nov 22
Charger Metals NL (ASX:CHR) entered into a binding agreement to acquire remaining 30% stake in Lake Johnston Lithium Project in Western Australia from Lithium Australia Limited (ASX:LIT) for AUD 2 million. Charger Metals NL (ASX:CHR) entered into a binding agreement to acquire remaining 30% stake in Lake Johnston Lithium Project in Western Australia from Lithium Australia Limited (ASX:LIT) for AUD 2 million on November 20, 2023. The transaction is conditional upon Charger obtaining a waiver from ASX Listing Rule, Charger obtaining an independent expert’s opinion that the LIT Agreement is fair and reasonable, consents being obtained from third parties who granted the contractual lithium rights forming part of the Lake Johnston Project, Charger obtaining shareholder approval and RTX Agreement remaining in full force and effect as at completion. The transaction is expected to complete on or before February 28, 2024. Announcement • Oct 10
Charger Metals NL, Annual General Meeting, Nov 29, 2023 Charger Metals NL, Annual General Meeting, Nov 29, 2023. New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Revenue is less than US$1m (AU$82k revenue, or US$52k). Market cap is less than US$10m (AU$7.14m market cap, or US$4.55m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • May 10
Charger Metals NL, Annual General Meeting, Jun 13, 2023 Charger Metals NL, Annual General Meeting, Jun 13, 2023, at 10:00 W. Australia Standard Time. Location: Level 3, 30 Richardson Street West Perth Western Australia Australia Agenda: To consider approval of acquisition and issue of consideration shares; to consider approval of issue of performance rights to Aidan platel managing director; and to consider other issues. Announcement • Jan 20
Charger Metals Nl Confirms That Drilling Has Resumed At the Medcalf Spodumene Prospect, At Its Lake Johnston Lithium Project in Western Australia Charger Metals NL confirmed that drilling has resumed at the Medcalf Spodumene Prospect, at its Lake Johnston Lithium Project in Western Australia. The Medcalf Spodumene Prospect represents a swarm of anastomosing to tabular pegmatites hosted in sheared amphibolite. Medcalf spodumene-pegmatites are members of the lithium-caesium-tantalum (LCT) pegmatite family (albite-spodumene type) and spodumene is clearly observed in many outcrops. Spodumene is the preferred mineral for the commercial production of lithium, which is one component of modern lithium batteries. Reverse circulation (RC) drilling commenced during December 2022 and has now resumed, with 20 holes planned. Current laboratory turn- around is approximately 7 weeks following the submission of samples. Spodumene-pegmatites were intersected on each of the 3 sections drilled to date. Individual units, up to 5m in width, have a strike direction of north-west - south-east and dip at approximately -40° towards the south-west (Figures 1 and 2). Thicker pegmatites are recorded on the north-western-most drill section indicating a possible north-westerly plunge to the mineralisation. The Lake Johnston Lithium Project is located 450km east of Perth, Western Australia. Lithium prospects occur within a 50km long corridor along the southern and western margin of the Lake Johnston granite batholith. Key prospects include the advancing Medcalf Spodumene Prospect discovery and much of the Mount Day LCT pegmatite field, prospective for lithium and tantalum minerals. The Lake Johnston Lithium Project has attracted considerable interest due to its proximity to the large Earl Grey Lithium Project under development by Covalent Lithium Pty Ltd. (manager of a joint venture between subsidiaries of Sociedad Química y Minera de Chile S.A. and Wesfarmers Limited) located approximately 70km west of the Lake Johnston Project. Mt Holland is understood to be one of the largest undeveloped hard-rock lithium projects in Australia with Ore Reserves for the Earl Grey Deposit estimated at 189 Mt at 1.5% Li2O2. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Terry Gardiner was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Terry Gardiner was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 