市场见解

Global Lithium (ASX:GL1) share price hits new 52-week high on acquisition update

Here’s what’s driving the company’s stock today…
The post Global Lithium (ASX:GL1) share price hits new 52-week high on acquisition update appeared first on The Motley Fool Australia. –

The Global Lithium Resources Ltd (ASX: GL1) share price is surging 6.94% on Friday after the company announced it has completed a new lithium acquisition.

It’s purchased 80% of the Manna lithium project in Western Australia for $33 million.

At the time of writing, the Global Lithium Resources share price is 93 cents. However, that’s lower than it was this morning.

Earlier, the company’s stock was swapping hands for 95 cents apiece. That represents a 9.8% gain and is the highest its been since the company debuted on the ASX in May 2021.

Let’s take a closer look at the latest news from the lithium exploration company.

Global Lithium share price gains on completed acquisition

The Global Lithium Resources share price is in the green on the back of news the company has completed its recently announced acquisition of a majority stake in a second Western Australian lithium project.

The company announced the acquisition on 23 December. Its share price gained 17.4% that same day.

The Manna lithium project is an outcropping pegmatite exploration project. Recent drilling has confirmed a new zone of spodumene-rich pegmatites within its area.

Global Lithium Resources has agreed to pay $33 million to purchase the stake off Breaker Resources NL (ASX: BRB).

Of that, $6.5 million has been paid in cash. Another $6.5 million has been provided by means of new Global Lithium Resources shares.

The other $20 million will be deferred, with $10 million payable upon the announcement of a JORC mineral resource of at least 250,000 tonnes of lithium oxide metal at the project, while the other $10 million is payable when the company produces 100,000 tonnes of lithium oxide from Manna.

Global Lithium Resources chair Warrick Hazeldine commented on the now-finalised acquisition, saying:

Completing the acquisition of the exciting Manna Lithium Project is a fantastic way for the company to close out 2021…

We are looking forward to getting ‘boots on ground’ early in the new year in parallel to commencing our 2022 drilling campaign at the Marble Bar Lithium Project.

Right now, the Global Lithium Resources share price is 233% higher than it was at the start of 2021. It has also gained 50% over the last 30 days.

The post Global Lithium (ASX:GL1) share price hits new 52-week high on acquisition update appeared first on The Motley Fool Australia.

Should you invest $1,000 in Global Lithium Resources right now?

Before you consider Global Lithium Resources, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Global Lithium Resources wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

Why the Global Lithium (ASX:GL1) share price is surging 12% higher today

Here’s why the Global Lithium (ASX:GL1) share price leapt today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!