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Global Lithium Resources Limited (ASX:GL1)

ALERT: Price-sensitive ASX Announcement for GL1
Current share price for GL1 : $0.465 -0.105 (-18.42%)+
Announcement
Release
24 Apr 2026 9:24AM
Price at Release
$0.570
Full Release
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Summary
Global Lithium Resources Limited reported its quarterly activities for the period ending 31 March 2026. Key highlights include the completion of a gold asset spin-out via an IPO into MB Gold Limited, advancing the Manna Lithium Project with crucial permitting applications submitted, and ongoing negotiations for funding and offtake arrangements. The company maintained a cash position of $19.8 million at the end of the quarter. Significant progress has been made towards the development of the Manna Lithium Project, with applications lodged for the Native Vegetation Clearing Permit and Mining Development and Closure Proposal. The company is also involved in discussions to secure funding and offtake agreements, narrowing down potential partners. No mining development or production activities were conducted during the quarter, and there were no significant changes in exploration activities. The company also issued new shares following the exercise of performance rights and appointed a new Company Secretary and CFO.
Key Points
  • Completed IPO for MB Gold Limited.
  • Advanced Manna Lithium Project through permitting applications.
  • Negotiated funding and offtake arrangements for the Manna Project.
  • Cash position of $19.8 million as of 31 March 2026.
  • No mining development or production activities during the quarter.
  • Issued new shares on performance rights exercise.
  • Appointed new Company Secretary and CFO.
  • Maintained focus on Manna Lithium Project towards a Final Investment Decision.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.