tiprankstipranks
Global Lithium Reports Manna Project Extension and Cost-Cutting Measures
Company Announcements

Global Lithium Reports Manna Project Extension and Cost-Cutting Measures

Global Lithium Resources Ltd. (AU:GL1) has released an update.

Don't Miss Our Christmas Offers:

Global Lithium Resources Ltd. has confirmed a 600-meter extension at its Manna Lithium Project following successful drilling and metallurgical tests, achieving a 78% lithia recovery. Amid challenging market conditions, the company is implementing cost-reduction measures, including pausing parts of its Definitive Feasibility Study and reducing board size. Despite the downturn, Global Lithium remains optimistic about the medium-term prospects of the lithium market.

For further insights into AU:GL1 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App