Global Lithium Resources scrimps on spending amid lithium price crunch and board pressure

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Global Lithium Resources scrimps on spending amid lithium price crunch and board pressure

Global Lithium Resources will shed directors, dock its chair’s pay and put its flagship exploration project on ice in the wake of an attempted board ousting and as prices for the battery metal languish.

The Mineral Resources and Hancock Prospecting-backed WA lithium explorer revealed a corporate and operational overhaul on Tuesday aimed at cutting costs to see through what it called a “protracted downturn in the lithium market”.

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