Global Lithium Resources Limited (ASX: GL1) (Global Lithium) is pleased to announce that it has entered into a binding Scheme Implementation Deed (SID) with Titan Australia Mining Pty Ltd (Titan) under which it is proposed that Titan will acquire 100% of the shares in Global Lithium by way of a scheme of arrangement (Scheme) for cash consideration of A$1.15 per share (Offer Price).
Transaction Highlights
- Offer Price of A$1.15 per share: The Offer Price values Global Lithium at ~A$333 million1 and represents a significant premium to Global Lithium’s recent traded prices, including a:
- 73% premium to Global Lithium’s last traded price of A$0.665 per share on 18 September 2026;
- 78% premium to Global Lithium’s 10-day volume weight average price (VWAP) of A$0.646 per share; and
- 71% premium to Global Lithium’s 30-day VWAP of A$0.674 per share.
- Cash consideration provides certain value: The Scheme provides Global Lithium shareholders with certain and immediate value for their Global Lithium shares in advance of the risks associated with the construction and development of the Manna Lithium Project, and during a period of continued lithium market volatility;
- Acquisition by an integrated lithium business: Titan is part of Titan Lithium, a UAE-headquartered critical minerals group developing one of the region’s largest battery-grade lithium processing facilities in Abu Dhabi. With strategic relationships across the global battery and automotive supply chain, Titan is pursuing a vertically integrated lithium strategy, combining ownership of high-quality lithium resources with large-scale downstream processing. The proposed acquisition of Global Lithium represents a significant step in that strategy, providing Titan with exposure to a substantial Australian lithium resource and a potential long-term source of feedstock for its UAE operations;
- Development progress uninterrupted: The Titan Lithium Group is providing Global Lithium with a facility of up to A$120m to allow Global Lithium to progress the development of the Manna Lithium Project during the Scheme. This ensures that the project can be delivered as scheduled and does not experience delays as a result of the Scheme, for the benefit of both Global Lithium and Titan; and
- Recommended by Global Lithium board: Global Lithium’s directors unanimously recommend shareholders vote in favour of the Scheme, in the absence of a superior proposal and subject to an Independent Expert concluding the Scheme is in the best interests of Global Lithium shareholders.
Commenting on the Scheme, Global Lithium’s Managing Director Dr Dianmin Chen said:
“We are excited to announce the Scheme with Titan, under which Global Lithium shareholders will receive compelling value for your Global Lithium shares. Your Board and I have weighed the certain and immediate value on offer from Titan against the funding requirements, execution risk and timeframe involved in constructing and developing the Manna Lithium Project, in what continues to be a volatile period for lithium markets. In our view, the offer fairly recognises the value and quality of the Manna Lithium Project and the work our team has done to advance the project, and allows shareholders to realise that value in cash today.”
