Brief: Jiangsu Lopal Tech Group Enters Legally Binding Subscription, Offtake And Prepayment Term Sheet With Global Lithium Resources And GLR Australia
21/04/2026 16:10
April 21 (Reuters) - Jiangsu Lopal Tech Group Co Ltd 603906.SS: LEGALLY BINDING SUBSCRIPTION, OFFTAKE AND PREPAYMENT TERM SHEET WITH GLOBAL LITHIUM RESOURCES AND GLR AUSTRALIA TERM SHEET FOR SUBSCRIPTION FOR SHARES IN GL1, OFFTAKE RIGHTS FOR MANNA SPODUMENE CONCENTRATE, AND RELEVANT PREPAYMENT IN TERM SHEET, CO WILL PAY INITIAL PREPAYMENT OF 10% (USD7.5 MILLION) MANNA LITHIUM PROJECT IS EXPECTED TO BEGIN SHIPMENTS IN JUNE 2028 GLR EXPECTS TO MAKE FINAL INVESTMENT DECISION FOR IMPLEMENTATION OF MANNA LITHIUM PROJECT BY END OF 2026 Further company coverage: 603906.SS ((Reuters.Briefs@thomsonreuters.com;))
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