Argonaut acted as Joint Lead Manager to a $13.6 million Placement for Global Lithium Resources Limited (ASX:GL1) (“Global Lithium”). The Placement was cornerstoned by Yibin Tianyi and received strong support from domestic and international institutional and sophisticated investors.
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) (25%). CATL is the world’s largest EV battery producer.
Argonaut is delighted to continue to provide support to Global Lithium and looks forward to Global Lithium’s ongoing success.