Tillkännagivande • 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. Tillkännagivande • Oct 30
Global Lithium Resources Limited, Annual General Meeting, Nov 28, 2025 Global Lithium Resources Limited, Annual General Meeting, Nov 28, 2025. Location: at level 1, 16 ventnor avenue, wa 6005, west perth Australia Tillkännagivande • Feb 13
Global Lithium Resources Limited Announces Director Resignations Global Lithium Resources Limited advised that Mr. Ron Mitchell has tendered his notice of resignation as Executive Chair of the Company, effective from the close of the Company's annual general meeting of shareholders scheduled for 13 February 2025 at 4pm (AGM); Mr. Matthew Allen has withdrawn his nomination for election as a Director of the Company, effective immediately, such that his appointment as a Director filling a casual vacancy will automatically cease at the close of the AGM. The Company would like to thank Mr. Mitchell and Mr. Allen for their contributions during their executive roles with GL1. Board Change • Feb 04
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Non-Executive Director Dianmin Chen is the most experienced director on the board, commencing their role in 2018. Independent Director David Sun was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Dec 24
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (4 non-independent directors). Non-Executive Director Dianmin Chen is the most experienced director on the board, commencing their role in 2018. Independent Director David Sun was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Dec 04
Global Lithium Resources Limited (ASX:GL1) acquired Talga Project from Octava Minerals Limited (ASX:OCT) for AUD 0.40 million. Global Lithium Resources Limited (ASX:GL1) acquired Talga Project from Octava Minerals Limited (ASX:OCT) for AUD 0.40 million on December 3, 2024. A cash consideration of AUD 0.2 million will be paid by Global Lithium Resources Limited. The consideration consists of common equity of Global Lithium Resources Limited having a value of AUD 0.2 million to be issued for assets of Talga Project. As part of consideration, AUD 0.4 million is paid towards assets of Talga Project.
Global Lithium Resources Limited (ASX:GL1) completed the acquisition of Talga Project from Octava Minerals Limited (ASX:OCT) on December 3, 2024. Tillkännagivande • Oct 18
Global Lithium Resources Limited Announces Board Changes Global Lithium Resources Limited announced the expenditure reductions will ensure Global Lithium remains in a strong financial position to advance Manna in the future, when more favourable market conditions prevail. In the meantime, the Company plans to undertake targeted exploration activities (either directly or via a partnership collaboration) which it anticipates will be value accretive to all shareholders. At a corporate level, the temporary reduction of the Board of Directors from four to three members, ensures the retention of the necessary core skills required to oversee execution of the Company's immediate corporate strategy and ensure sound corporate governance, while still allowing for additional Directors to be appointed in the future as appropriate (the Constitution presently permits the Company to have anywhere between 3 and 9 Directors). Non-executive Directors Greg Lilleyman and Hayley Lawrance have advised of their intention to resign effective at the completion of the upcoming AGM. Executive Director Dianmin Chen has returned to a Non- Executive Director role and seeks re-election as a Non-Executive Director. The Company's Chief Financial Officer Matthew Allen has been appointed as Executive Director Finance to fill the Board vacancy which will be created by the proposed resignations of Mr. Lilleyman and Ms Lawrance and stands for election at the upcoming AGM. Mr. Liaoliang (Leon) Zhu, on behalf of Sincerity, requested the Company to hold a meeting of shareholders to consider the removal of independent non-executive Directors Ms Hayley Lawrance and Mr. Greg Lilleyman as Directors of the Company, and the appointment of Mr. Zhu as a Director of the Company. Both Ms Lawrance and Mr. Lilleyman have now agreed to retire at the conclusion of the AGM, given the cost-cutting and restructuring measures that the Company has undertaken and have, in any event, given undertakings to retire as Directors effective at the completion of the AGM and not to seek re-election. Tillkännagivande • Sep 19
Global Lithium Resources Limited, Annual General Meeting, Nov 20, 2024 Global Lithium Resources Limited, Annual General Meeting, Nov 20, 2024. Tillkännagivande • Sep 10
Global Lithium Resources Limited Announces Appointment of Matthew Gerard Allen as Director Global Lithium Resources Limited announced appointment of Matthew Gerard Allen as Director, effective September 9, 2024. Board Change • Aug 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Leon Zhu was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Aug 20
Sincerity Development Requisitions Shareholders Meeting to Replace Directors at Global Lithium Resources Limited On August 20, 2024, Global Lithium Resources Limited announced that it has received a notice stated to be under section 249D of the Corporations Act 2001(Cth) and a notice of shareholder meeting under section 249H (3) from Sincerity Development Pty Ltd, a company controlled by Liaoliang (Leon) Zhu, requesting the Company hold a meeting of shareholders to consider proposed Board changes: proposing to remove independent non-executive directors Greg Lilleyman and Hayley Lawrance and the appointment of Barry Mitchell to the Board. Global Lithium added that it considers the notices are invalid and ineffective. As such, the Company is not proposing to call a shareholder meeting at this time in response to the notices that have been received and will comply with all obligations under the Corporations Act as required. The Company also stated that it is considering its position and the appropriate management of all issues associated with the invalid requisition notices and will keep shareholders updated on any material developments. New Risk • Jul 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 42% 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 Risks Earnings are forecast to decline by an average of 42% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$12m net loss in 2 years). Market cap is less than US$100m (AU$69.0m market cap, or US$45.5m). Tillkännagivande • Jul 10
Global Lithium Resources Limited Announces Board Changes Global Lithium Resources Limited announced that Mr. Geoff Jones has resigned as Non-Executive Chairman of the Company, effective immediately. The Board has appointed current Managing Director Mr. Ron Mitchell to succeed Mr. Jones as Executive Chairman, effective immediately. Mr. Mitchell is an experienced executive and Chair having held senior commercial and leadership positions at both Talison Lithium and Tianqi Lithium. He has spent the past five years as the inaugural Chairman of the London Metal Exchange (LME) Lithium and Cobalt Committee. Mr. Mitchell has been Managing Director of GL1 since May 2022 following his initial appointment with the Company as Executive Director in March 2022. During his tenure, he has overseen the signing of an offtake agreement with Canmax, the introduction of Mineral Resources Limited as a cornerstone investor, strategic M&A, and the delivery of a 69.6Mt resource base across the Manna and Marble Bar Lithium Projects. The Board has appointed current Non-Executive Director Dr. Dianmin Chen as Executive Director, effective immediately. Dr. Chen will work closely with the Project Development and Executive teams to complete the Manna Definitive Feasibility Study (DFS) in 2024 and work towards a Final Investment Decision (FID) in 2025. A founding director of Global Lithium, Dr. Chen is a mining engineer with more than 35 years' experience in the mining and metals industry, with roles spanning technical, production and management positions in Australia, China, and Canada. New Risk • Mar 12
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$36m 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$36m free cash flow). Revenue is less than US$1m (AU$790k revenue, or US$522k). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$7.3m net loss in 3 years). Recent Insider Transactions • Jan 16
Non-Executive Director recently bought AU$164k worth of stock On the 15th of January, Dianmin Chen bought around 250k shares on-market at roughly AU$0.65 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$242k. Insiders have collectively bought AU$459k more in shares than they have sold in the last 12 months. Breakeven Date Change • Dec 22
No longer forecast to breakeven The 4 analysts covering Global Lithium Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$23.7m in 2026. New consensus forecast suggests the company will make a loss of AU$7.85m in 2026. New Risk • Dec 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% 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 Risk Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$83m). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Tillkännagivande • Oct 27
Global Lithium Resources Limited, Annual General Meeting, Nov 28, 2023 Global Lithium Resources Limited, Annual General Meeting, Nov 28, 2023, at 16:00 W. Australia Standard Time. Location: The Park Business Centre 45 Ventnor Avenue West Perth WA 6005 West Perth Australia Agenda: To consider adoption of remuneration report; to consider election of Directors; to consider adoption of GL1 Incentive awards plan; to consider Issue Of Incentive Performance Rights To Director; to consider Issue Of Incentive Options To Director; to consider Approval Of Potential Termination Benefits In Relation To The Incentive Performance Rights And Incentive Options Proposed To Be Issued To Ronald Mitchell Under The Gl1 Incentive Awards Plan; to consider Re-Insertion Of Proportional Takeover Provisions In The Constitution; and to consider other business matters. Breakeven Date Change • Oct 27
Forecast to breakeven in 2026 The 4 analysts covering Global Lithium Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$23.7m in 2026. Average annual earnings growth of 51% is required to achieve expected profit on schedule. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.1% 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 Risks Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$80m). Currently unprofitable and not forecast to become profitable over next 3 years (AU$16m net loss in 3 years). Shareholders have been diluted in the past year (29% increase in shares outstanding). Tillkännagivande • Aug 09
Warrick Hazeldine Retires as A Director of Global Lithium Resources Limited, Effective 9 August 2023 Global Lithium Resources Limited advised that following an orderly transition of the Chair role to Geoffrey Jones, Non-executive Director Mr. Warrick Hazeldine has retired as a director of the Company effective 9 August 2023. New Risk • Jul 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 22% 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 Risks Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$80m). Currently unprofitable and not forecast to become profitable over next 3 years (AU$20m net loss in 3 years). Shareholders have been diluted in the past year (29% increase in shares outstanding). Tillkännagivande • May 17
Global Lithium Resources Limited Appoints Geoffrey Jones as Director Global Lithium Resources Limited appointed GEOFFREY JONES as director. Date of appointment is 15 MAY 2023. Board Change • Mar 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Non-Executive Director Dianmin Chen is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.