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Global Lithium Resources Ltd.
(Sydney:GL1)
Global Lithium Resources Ltd. (GL1) vs. S&P 500 (SPY)
Global Lithium Resources Ltd. Business Overview & Revenue Model
Global Lithium Resources Ltd. Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 588.86K | 136.04K | 0.00 | 0.00 | 0.00 | Gross Profit |
| -423.05K | 588.86K | 54.17K | -26.01K | -938.00 | 0.00 | EBIT |
| ― | -5.14M | -5.25M | -4.30M | -1.23M | -16.40K | EBITDA |
| ― | -3.98M | -5.17M | -4.23M | -1.22M | 0.00 | Net Income Common Stockholders |
| ― | -4.37M | -4.39M | -4.25M | -1.22M | -6.68K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 18.91M | 26.85M | 62.07M | 32.93M | 3.63M | 744.41K | Total Assets |
| 166.29M | 169.74M | 176.33M | 61.86M | 13.38M | 4.07M | Total Debt |
| 719.99K | 823.66K | 1.03M | 190.16K | 0.00 | 0.00 | Net Debt |
| -18.19M | -26.03M | -60.92M | -32.74M | -3.63M | -744.41K | Total Liabilities |
| 1.86M | 3.47M | 4.90M | 3.81M | 747.52K | 24.15K | Stockholders Equity |
| 164.43M | 166.28M | 171.43M | 58.05M | 12.63M | 4.05M |
| Cash Flow | Free Cash Flow | ||||
| ― | -34.35M | -83.48M | -16.82M | -6.26M | -2.80M | Operating Cash Flow |
| ― | -34.15M | -19.18M | -9.31M | -1.24M | -2.80M | Investing Cash Flow |
| ― | -755.77K | -68.35M | -2.54M | -5.02M | 0.00 | Financing Cash Flow |
| ― | -197.20K | 116.55M | 41.14M | 9.14M | 1.78M |
Global Lithium Resources Ltd. Technical Analysis
Global Lithium Resources Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $2.59B | 1,418.92 | -36.53% | 10.51% | -28.50% | -532.61% | |
49 Neutral | $1.96B | -1.42 | -21.96% | 3.81% | 0.71% | -27.38% | |
48 Neutral | $3.56B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
46 Neutral | $4.51B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
44 Neutral | AU$44.49M | ― | -2.83% | ― | ― | -6.51% | |
41 Neutral | $154.30M | ― | -21.25% | ― | -70.50% | 62.71% | |
36 Underperform | €1.37B | ― | -6.32% | ― | ― | 3.33% |
Global Lithium Resources Ltd. Corporate Events
Global Lithium Resources Limited’s newly reconstituted Board has reviewed submissions previously made to the Foreign Investment Review Board (FIRB) alleging violations of the Foreign Acquisitions and Takeovers Act. After consulting external legal advice, the Board found these allegations to be without merit and has communicated this to the FIRB. This development follows similar ‘association claims’ that were dismissed by the Takeover Panel, indicating a stable position for the company amidst regulatory scrutiny.
Global Lithium Resources Limited has commenced drilling at the Marble Bar Project, supported by a government grant covering 50% of the costs. The drilling aims to explore the potential for gold and base metal mineralization in the region, which could enhance the company’s geological understanding and industry positioning.
Global Lithium Resources Limited has announced a variation to its offtake agreement with Canmax, a major shareholder and global battery materials manufacturer, to support the development of its Manna Lithium Project. The revised agreement removes the previous termination rights related to unmet development deadlines and maintains the original intent, reflecting Canmax’s confidence in the demand for spodumene concentrate. This strategic partnership underscores Global Lithium’s focus on delivering shareholder value and attracting strategic partners, despite challenging market conditions.
Global Lithium Resources Ltd. has announced that Dianmin Chen has become a substantial holder in the company, acquiring a 5.04% voting power through his control of Drock International Pty Ltd and Chen DM Pty Ltd. This acquisition, which includes over 13 million fully paid ordinary shares, signifies a strategic investment in the company, potentially impacting its market positioning and signaling confidence in its future prospects.
Global Lithium Resources Ltd. announced a change in the director’s interest, with Dr. Dianmin Chen acquiring 328,843 ordinary shares through on-market trades. This change reflects an increase in indirect holdings, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions positively.
Global Lithium Resources Limited announced that the Takeovers Panel has decided not to conduct proceedings regarding an application by the former GL1 Board, which alleged undisclosed associations between certain shareholders. This decision comes ahead of the company’s annual general meeting, where significant board changes were made, including the reappointment and election of new directors. The current board is focused on enhancing shareholder value through key developments at the Manna Lithium Project, reinforcing the company’s strategic direction and stability.
Global Lithium Resources Ltd. has released a presentation outlining its current activities and future plans. The company emphasizes that the materials are for informational purposes only and do not constitute an offer or investment advice. The presentation includes forward-looking statements, which are subject to various uncertainties and risks, and the company disclaims any obligation to update these statements. The release highlights the company’s commitment to transparency and compliance with market regulations, ensuring stakeholders are informed about its mineral resources and ongoing projects.
Global Lithium Resources Ltd. has announced the cessation of several securities due to the lapse of conditional rights, as the conditions for these securities have not been met or have become incapable of being satisfied. This announcement may impact the company’s financial structure and investor confidence, as the lapse of options and performance rights could influence future capital-raising activities and strategic planning.
Global Lithium Resources Limited announced the cancellation of 1,679,194 employee incentive performance rights and 1,561,700 employee incentive options due to unmet vesting conditions. This decision reflects the company’s ongoing adjustments in its operational strategies, potentially impacting employee motivation and aligning with its broader objectives in the competitive lithium market.
Global Lithium Resources Ltd. has announced a renewed focus on enhancing the value of its Manna Lithium Project under the leadership of new Managing Director, Dianmin Chen. The company is progressing towards a Definitive Feasibility Study and is working on optimizing project economics through advanced mine planning and lithium recovery processes. Efforts are also being made to secure project approvals and establish partnerships with traditional landowners and potential development partners, aiming to sustain operations amid challenging market conditions.
Global Lithium Resources Ltd. has released its consolidated financial report for the half-year ending December 31, 2024. The report includes key financial statements such as the statement of profit or loss, financial position, changes in equity, and cash flows, providing stakeholders with insights into the company’s financial health and operational performance over the period.
Global Lithium Resources Ltd has announced the appointment of new directors to its board, including Mr. Richard O’Shannassy as Non-Executive Chair, Mr. Liaoliang (Leon) Zhu as Executive Director, and Dr. Xiaoxuan (David) Sun as Non-Executive Director. These appointments are expected to strengthen the company’s leadership as it continues to develop its lithium projects in Western Australia, potentially bolstering its position in the global lithium industry and enhancing stakeholder confidence.
Global Lithium Resources Limited announced the resignation of Executive Directors Ron Mitchell and Matthew Allen. This change in leadership comes as the company continues to develop its significant lithium projects, which include a defined total Indicated and Inferred Mineral Resource of 69.6Mt at 1.0% Li2O, positioning Global Lithium as a major participant in the lithium industry.
Global Lithium Resources Ltd. has announced significant changes to its Board following its 2025 Annual General Meeting. Dr. Dianmin Chen has been appointed as the Managing Director and CEO, with the Board setting strategic priorities for the Manna Lithium Project aimed at enhancing shareholder value. Key actions include negotiating a Native Title Mining Agreement essential for advancing the project. The Board’s commitment to these milestones is expected to reinforce the company’s position in the challenging lithium market and maintain financial stability.
Global Lithium Resources Limited held its 2024 Annual General Meeting on February 13, 2025, where several resolutions were voted on by shareholders. Notably, resolutions 2, 6, 7, and 8 were withdrawn, while others were carried or not carried based on voting results. This meeting’s outcomes might impact the company’s strategic decisions, particularly in governance and executive compensation.
Global Lithium Resources Ltd. has announced the resignation of Mr. Ron Mitchell as Executive Chair and the withdrawal of Mr. Matthew Allen’s nomination for Director, effective after the company’s annual general meeting. Consequently, several AGM resolutions related to their roles and benefits have been withdrawn. This change in leadership and strategy may impact the company’s future board composition and decision-making processes, with potential implications for stakeholders.
Global Lithium Resources Limited has sought government intervention regarding potential breaches of the Foreign Acquisitions and Takeovers Act and undisclosed shareholder associations. Despite thorough investigations, the Takeovers Panel declined to proceed with the company’s application, leading to concerns about maintaining the independence of its Manna Lithium Project. The executive chair emphasized the strategic importance of Manna as one of Australia’s most advanced lithium development projects, poised to benefit from future market recoveries.
Global Lithium Resources Ltd faced a setback as the Takeovers Panel declined to conduct proceedings on their review application concerning alleged undisclosed associations among certain shareholders. The application was deemed invalid due to being filed out of time, potentially affecting upcoming board composition resolutions, thereby highlighting governance challenges within the company.
Global Lithium Resources Limited has signed a Heritage Protection Agreement with the Nyamal Aboriginal Corporation for its expanded Marble Bar Project, which includes newly acquired tenements. This agreement outlines the framework for collaboration with Nyamal Traditional Owners, ensuring respect for Aboriginal Cultural Heritage while enabling exploration activities. The expansion increases the company’s tenement holdings by 38% in the Pilbara region, enhancing its strategic position to explore gold and base metal potentials alongside progressing lithium project approvals.
Global Lithium Resources Limited has submitted an application for a review of a previous decision made by the Takeovers Panel. The Panel’s Acting President has agreed to consider the review under the Corporations Act 2001, although a review panel has yet to be appointed, and no decision has been made on whether to move forward with the proceedings.
Global Lithium Resources Ltd has announced that it has finalized the current work activities for the Manna Lithium Project’s Definitive Feasibility Study (DFS) and suspended further activities due to challenging lithium market conditions. The company is focusing on securing key approvals and exploring non-lithium opportunities. It has also strategically acquired the Talga Project to consolidate its position in the region. Corporate measures include workforce reduction and deferring shareholder meetings to address potential legal issues. Despite market challenges, Global Lithium remains confident in the medium-term fundamentals of the lithium market and is actively seeking partners to support exploration and development initiatives.