Manna Transaction - $60m
The Cash Consideration incorporates and includes the deferred consideration of $20 million that may otherwise have become payable under the previous agreement between Global Lithium and Breaker entered into in December 2021
Under the Manna Transaction, Global Lithium will acquire 100% ownership of E 28/2551 and E 28/2522 (“Tenements”) including Manna
Global Lithium will receive rights to all minerals on the Tenements, excluding gold, silver and platinum group metals (“Precious Metals”)
In addition to the Cash Consideration, Global Lithium will grant Breaker a NSR Royalty of 1.5% for all minerals, excluding Precious Metals, produced from the Tenements but excluding the project area of Manna. (i.e. there is no royalty on the Manna Lithium Project)
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