01 Nov 2021

$13.6m Raising - Yibin Tianyi Cornerstone Shareholder

Page 1 of 4 | ACN 626 093 150 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au 1 Novem ber 2021 STEP - CHANGE TRANSACTION INTRODUCES YIBIN TIANYI AS CORNERSTONE SHAREHOLDER $13.6M RAISING STRONGLY SUPPORTED PROCEEDS TO FAST - TRACK LITHIUM EXPLORATION IN CY2022 Key Highlights : • Heavily over bid $13.6 million placement to fast - track exploration activities at the Marble Bar Lithiu m Project ( MBLP ). • As part of the placement, the lithium chemical arm of Contemporary Amperex Technology Co. Limited ( CATL ) (the world’s largest EV battery producer) , Yibin Tianyi , to in vest $6.2 million for a 9.9% interest in Global Lithium . • Placement funds will be directed towards accelerating activities , including: — Further lithium resource extension , targeting and regional exploration drillin g ; — Initial exploration drilling along the southern extension of the greenstone belt , where historical drilling has identified lithium mineralisation 15km from the Archer deposit ; — Further exploration at the Company’s under - explored gold prospects, including the emerging Twin Veins project ; — Complet ion of the preliminary metallu r gi c al test work program ; and — Potential consider ation of additional complimentary growth options. • Global Lithium has a large tenement package to explore. Subject to targeting work, the Company anticipates a large amount of th e activity in CY2022 will be directed towards exploration extending beyond the Archer deposit and following the greenstone towards the south, particularly into the newly acquired southern tenement package where lithium mineralisation has been identified in historical drilling. Pilbara - focused l ithium explorer , Global Lithium Resources Limited ( ASX: GL1 , Global Lithium or the Company ) is pleased to announce it has received firm commitments for a $13.6 million capital raising ( Capital Raising ) to underpin an accelerated exploration program at the Company’s wholly owned MBLP . Page 2 of 4 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au The Capital Raising, which was heavily over bid , include s the introduction of highly regarded lithium hydroxide producer, Yibin Tianyi Lithium Industry Co Ltd ( Yibin Tia nyi ) as a cornerstone shareholder of Global Lithium, committing to invest $6.2 million for a 9.9% interest (post completion of the Capital Raising). The Capital Raising was co nducted at an issue price of $0.37 per ordinary fully paid share ( New Share ) and comprises: • A $7.3 million placement via the issue of 19,771,250 New Shares to institutional and sophisticated investors to be issued under the Company’s existing placement capacity in accordance with ASX Listing Rule 7.1 . Allotment of these New Shares is anticipated to occur on Monday, 8 November 2021 ; • A $6.2 million placement via the issue of 16,699,794 New Shares to Yibin Tianyi (or its nominee) , subject only to the approval of shareholders at a general meeting to be convened in December 2021; and • A $0.15 m illion placement via the issue of 405,405 New Shares to certain Directors of Global Lithium, subject to the approval of shareholders at the same general meeting. Argonaut and Euroz Hartleys acted as Joint Lead Managers for the Capital Raising. Global Lithium Managing Director Jamie Wright said , “ We have been overwhelmed with the support from all sectors of the market for our C apital R aising , including from institutions, sophisticated investors and existing shar eholders . To be able to secure support from a lithium industry participant with the credibility of Yibin Tianyi is a strong vote of confidence in our Company and we look forward to developing our relationship with them over time. The Capital Raising f unds provide us with the ability to ramp up our activities on site as we seek to grow our project and we are looking forward to a busy 2022 period. Drilling is continuing at our MBLP and we will update the market as we start to receive results. We would like to thank existing shareholders for the ongoing support. ” The MBLP is situated close to major road infrastructure, with direct links into Port Hedland, where bulk commodities, including sp odumene concentrate, are currently being exported ( Figure 1 ). The MBLP is also located approximately 15km from the town of Marble Bar, which provides ready access to services and skills. Page 3 of 4 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Figure 1 : Marble Bar Lithium Project location map . Overview of Yibin Tianyi Yibin Tianyi is a lithium hydroxide producer that operates as a joint venture between Suzhou TA&A Ultra Clean Technology Co. Ltd (SZSE: 300390) ( 68 %) and CATL ( SZSE: 300750 ) ( 2 5 %) . CATL is the world’s largest EV battery producer . Yibin Tianyi is the largest supplier of lithium hydroxide to CATL and operates a 20ktpa l ithium hydroxide plant in Yibin, Sichuan province. Yibin Tianyi plans to commission a further 25ktpa of capacity by the end of 2021, a further Stage 3 expansion for 110ktpa by the end of 2024, making them one of the largest lithium chemical suppliers in China. Global Lithium and Yibin Tianyi look forward to working together in the future to grow the business , including in the areas of exploration, business development , potential offtake and project development support. Approved for r elease by the B oard of Global Lithium Resources Limited. For more information: Jamie Wright Managing Director info @globallithium.com.au +61 8 6103 7488 Victoria Humphries Media & Investor Relations victoria@nwrcommunications.com.au +61 (0) 431 151 676 Page 4 of 4 | ACN 626 093 150 | ASX: GL1 Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153 info@globallithium.com.au | www.globallithium.com.au Competent Pers ons Statement: Information on historical exploration results and Mineral Resources presented in this Announcement, together with JORC Table 1 information, is contained in the Independent Geologists Report within the Company’s Prospectus dated 22 March 2021 , which was released as an announcement on 4 May 2021. The Company confirms that it is not aware of any new information or data that materially affects the information in the relevant market announcements , and that the form and context in which the Competent Persons findings are presented have not been materially modified from the original announcements . Where the Company refers to Mineral Resources in this announcement (referencing previous releases made to the ASX), it confirms that it is not aware of any new information or data that materially affects the information included in that announc ement and all material assumptions and technical parameters underpinning the Mineral Resource estimat e with that announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not materially changed from the original announcement . About Global Lithium Global Lithium Resources Limited (ASX:GL1, Global Lithium) is an emerging lithium exploration company with a primary focus on the 100% - owned Marble Bar Lithium Project (MBLP) in the Pilbara region of Western Australia. Global Lithium has defined a maiden Inferred Mineral Resource of 10.5Mt @ 1.0% Li 2 O at its Archer deposit, confirming the MBLP as a significant new greenfields l ithium discovery. Directors Warrick Hazeldine Non - Executive Chair Jamie Wright Managing Director Dr Dianmin Chen Non - Executive Director Capital Structure Shares on issue: 131,808,339 fully paid ordinary shares (subject to completion of the Capital Raising) Options on issue: 4,780,614 options with an exercise price of $0.30 per option and an expiry of 6 May 2025 Performance Rights: 5,000,000 performance rights, subject to certain performance milestones
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2022 Listcorp. ABN 60 166 140 307

Never miss news from Global Lithium Resources Limited (ASX:GL1) when you join Listcorp.