GL1 is a $400m lithium exploration company that is not in production and is therefore not producing earnings, however, they are undertaking a large-scale exploration program at their Western Australia assets with good prospects in a solid area around Kalgoorlie. Recent drilling updates have been encouraging and they are progressing through various stages of permitting and feasibility in their two operations.
- A higher-risk exploration company with solid upside in MM’s view.
MM is long GL1 in our Emerging Companies Portfolio
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