Australia's Global Lithium Resources eyes its best week on receiving buyout offer
25/09/2026 03:26
BUZZ-Australia's Global Lithium Resources eyes its best week on receiving buyout offer ** Shares of Australia's Global Lithium Resources GL1.AX surge more than 50% through Friday, on track for their best ever week
** On Tuesday, the lithium miner agreed to a buyout offer from UAE-based EV battery maker Titan Lithium Group for nearly A$333 million ($233.50 million)
** On the day, stock down as much as 2% to A$1
** YTD, stock up more than 60%
($1 = 1.4261 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
Recent news on Global Lithium Resources
See all newsBrief: Jiangsu Lopal Tech Says Parties Agreed That Cut Off Date Stipulated In Original Agreement Would Be Extended To December End
Australia's Global Lithium Resources eyes its best week on receiving buyout offer
Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions
EV battery maker Titan to buy Australia's Global Lithium in $237 million deal