Global Lithium clears key ACCC hurdle for Nova asset deal
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- Global Lithium Resources made its Nova operation deal unconditional after securing an Australian regulator waiver.
- The ACCC confirmed that the binding acquisition of the asset from IGO does not require notification.
- Transaction completion is scheduled to take place within 10 business days of specific operational milestones or late 2026 dates.
Global Lithium Resources (ASX:GL1) has made its agreement to acquire 100% of IGO Nova unconditional following regulatory approval.
The Australian Competition and Consumer Commission granted a notification waiver, ruling that the transaction does not need formal notification under statutory rules.
The company stated that transaction completion is expected within 10 business days of IGO (ASX:IGO) finishing Nova operations, 30 November 2026, or another agreed date.
Following the announcement, the Global Lithium share price was unchanged at $1.02.
The acquisition involves purchasing the Nova operation owner from a subsidiary of IGO to expand project assets.
