Global Lithium Resources Ltd. ( (AU:GL1) ) has provided an announcement.
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.
More about Global Lithium Resources Ltd.
Global Lithium Resources Limited (ASX:GL1) is a diversified West Australian lithium exploration and development company with a focus on the Manna Lithium Project in the Goldfields and the Marble Bar Lithium Project in the Pilbara region. The company has established itself as a significant global player in the lithium market with a total Indicated and Inferred Mineral Resource of 69.6Mt at 1.0% Li2O across its projects.
YTD Price Performance: -5.56%
Average Trading Volume: 157,648
Technical Sentiment Signal: Buy
Current Market Cap: A$44.49M
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