Global Lithium Resources Ltd. (AU:GL1) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.