CATL's JV makes strategic investment in Australian lithium listed company

2021-11-01 07:24:24

Asian Tech Press (Nov 01) -- Global Lithium Resources Limited (ASX: GL1), an ASX-listed lithium company, made its latest announcement stating that the company has received a strategic investment from Yibin Tianyi Lithium Science and Technology Co.

Yibin Tianyi Lithium invested A$6.2 million as a cornerstone investor to acquire a 9.9% stake in Global Lithium.

The funds will be used for the rapid exploration of the Marble Bar Lithium Project (MBLP). According to the information, Yibin Tianyi Lithium is a joint venture company of CATL and Suzhou TA&A Ultra Clean Technology Co., LTD., which is mainly dedicated to the research, development, production, and sales of battery-grade lithium hydroxide and other lithium materials series products.

Global Lithium CATL lithium

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