Announcement • Apr 24
Global Lithium Resources Limited announced that it expects to receive AUD 7.317959 million in funding from Jiangsu Lopal Tech. Group Co., Ltd. Global Lithium Resources Limited announced that it has executed a Binding Term Sheet with Jiangsu Lopal Tech. Group Co., Ltd for the issuance of 13,840,111 fully paid ordinary shares at an issue price of AUD 0.52875 per share for gross proceeds of AUD 7,317,958.69125 on April 22, 2026. The Placement is conditional only on obtaining any necessary regulatory approvals and will be completed utilising the Company’s existing placement capacity under ASX Listing Rule 7.1A. The issue price is based on the 20-day volume weighted average market price up to, and including, April 20, 2026. Following the issue of the Placement Shares, Lopal will hold approximately 5% of Company’s issued capital. The shares will rank equally with existing fully paid ordinary shares. New Risk • Apr 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 40% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 40% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$8.5m net loss in 3 years). Revenue is less than US$5m (AU$2.4m revenue, or US$1.7m). Market cap is less than US$100m (AU$139.4m market cap, or US$98.8m). New Risk • Apr 08
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$40k Forecast net loss in 3 years: AU$431k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$431k net loss in 3 years). Revenue is less than US$5m (AU$2.4m revenue, or US$1.7m). Market cap is less than US$100m (AU$131.5m market cap, or US$92.6m). 
