Titan Australia Mining to Acquire Global Lithium for A$333 Million
Global Lithium Resources has signed a binding scheme implementation deed (SID) with Titan Australia Mining, a subsidiary of the UAE-based Titan Lithium Group. The proposed acquisition is valued at approximately $237 million or A$333 million and involves Titan acquiring all shares in Global Lithium via a scheme of arrangement. Under the terms, shareholders will receive cash consideration of A$1.15 per share, representing significant premiums to recent trading values—73% over the last traded price, 78% above its ten-day volume-weighted average price (VWAP), and 71% higher than its 30-day VWAP. The deal aims to provide Titan with access to Australian lithium resources for use in its UAE operations. To support development of Global Lithium's Manna Lithium Project, the Titan group will offer up to A$120 million in funding across four tranches tied to project milestones. Approval from shareholders and regulatory bodies is required before implementation, expected after a shareholder meeting scheduled for late December 2026.
Topics: Corporate Acquisition Lithium Mining