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Global Lithium Resources Ltd.
(Sydney:GL1)
Global Lithium Resources Ltd. (GL1) vs. iShares MSCI Australia ETF (EWA)
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 |
| ― | -6.11M | -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 |
| -130.50K | -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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $3.16B | 1,418.92 | -36.53% | 6.46% | -28.50% | -532.61% | |
60 Neutral | $4.79B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
50 Neutral | $199.30M | ― | -21.25% | ― | -70.50% | 62.71% | |
50 Neutral | $1.98B | -1.07 | -21.34% | 3.71% | 2.03% | -30.65% | |
46 Neutral | $4.44B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
45 Neutral | AU$44.49M | ― | -2.83% | ― | ― | -6.51% | |
36 Underperform | €1.72B | ― | -6.32% | ― | ― | 3.33% |
Global Lithium Resources Ltd. Corporate Events
Global Lithium Resources Ltd. announced the cessation of 4,500,614 securities due to the expiry of options or other convertible securities without exercise or conversion as of May 6, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.
The most recent analyst rating on (AU:GL1) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Global Lithium Resources Ltd. stock, see the AU:GL1 Stock Forecast page.
Global Lithium Resources Limited has resumed activities at the Manna Lithium Project, focusing on enhancing project economics through mine planning and lithium recovery optimization. The company is progressing key approvals, including the Native Title Mining Agreement, and is planning new exploration activities supported by grants. Corporate restructuring has occurred with a new board elected, and cost-cutting measures have been implemented, resulting in a reduced burn rate and a stable cash position. The company’s strategic focus is on creating long-term value for stakeholders by optimizing its projects and seeking partnerships to accelerate exploration.
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.