Global Lithium Resources (GL1) Q4 2026 TU earnings summary

Executive summary

• Entered a binding term sheet with Jiangsu Lopal Tech for a 40% offtake of Manna spodumene production and a US$75 million prepayment facility.

• Completed a strategic equity placement to Lopal, raising A$7.32 million to support Manna Lithium Project development.

• Advanced permitting and financing for the Manna Lithium Project, with FID anticipated before year-end.

• Divested Marble Bar Lithium Project interests to Lopal Tech Perth Pty Ltd for up to A$14.85 million.

Financial highlights

• Cash position at 30 June 2026 was $26.2 million.

• Net cash used in operating activities for the quarter was A$1.03 million.

• Net cash from financing activities was A$7.44 million, primarily from equity placement.

• Estimated quarters of funding available: 25.47.

Outlook and guidance

• Final Investment Decision for Manna Lithium Project expected before end of calendar year.

• Permitting for Manna (NVCP and MDCP) expected to be granted in the next quarter.