Global Lithium Resources Ltd. (AU:GL1) has released an update.
Global Lithium Resources Ltd. has announced a series of cost-cutting measures, including a pause on aspects of the Manna Lithium Project’s Definitive Feasibility Study and a reduction in corporate and operational spending, in response to a prolonged downturn in the lithium market. The company will also reduce its Board size at the upcoming Annual General Meeting to maintain financial health and refocus on value-adding exploration activities. Despite the market challenges, the company remains financially robust and committed to shareholder value.
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