Madagascar Lifts 16 Year Mining Permit Suspension
908 – 510 Burrard Street
Vancouver, B.C. V6C 3A8
Madagascar Lifts 16-Year Mining Permit Suspension: Major Step Forward
for LION's Ambato-Arana Graphite Project.
LION CSE GBBGF. OTCQB 0TD. F
Vancouver, British Columbia, Canada (February 5th, 2026) – Global Li-Ion Graphite
Corp. (“Global Li-Ion” or, the “Company”) (CSE: LION) would like to take this opportunity to
further update its shareholders and interested parties. The Company welcomes the announcement
by Carl Andriamparany, Minister of Mines and Strategic Resources of Madagascar, stating that
Madagascar has lifted its 16-year suspension on the issuance of mining permits (except for gold
mining permits).
According to local media, the new system for granting permits is based on several mechanisms
combining: authorizations for licenses intended for small-scale operators, competitive tenders for
industrial projects and the involvement of the Mining Brigade (regulatory/policing unit
overseeing mining operations and enforcing laws in the sector) in reviewing applications.
Madagascar has significant mineral resources, notably nickel, cobalt and graphite, which are
considered strategic minerals in the context of the global energy transition. According to the
latest report published at the end of 2025 under the Extractive Industries Transparency Initiative,
1,650 mining permits were pending approval in 2023.
Chairman Jason Walsh commented “This is a major step forward for the mining industry in
Madagascar as it allows foreign capital to invest with confidence in mining projects like Global
Li-Ion’s Ambato-Arana Graphite mine.’
About Ambato-Arana Graphite Mine, Madagascar
The 3 forty -year renewable mining exploitation licenses that comprise the Project total 4,375
hectares (10,811 acres) are located in the vicinity of Andasibe in Toamasina Province in
Madagascar, 20 km to the southwest of Sheritt’s large-scale nickel/cobalt laterite open pit mine at
Ambatovy and 15 km northeast of the town of Moramanga from which national highway RN2
connects with capital city Antananarivo (114 km) and Madagascar’s main port of Toam asina
(Tamatave) (240 km). Graphite was produced on the lice nses, at a modest rate constrained by
the technology employed on the licenses at that time, for roughly a century from 1910. Production
was suspended by the previous owners due to a slump at the time in Global Graphite markets
and with the deposits only partially mined. The deposits are now ready for larger scale exploitation
with modern production techniques. They lie within the graphitic horizons of the highly prospective
Manampotsy Formation and are associated with topographic highs that are exploited v ia free
digging of lateritic ore and open pit mining, providing a lower cost exploitation without need for
blasting. The graphite mineralization on the Project appears within well-defined north-south belts
with interbedded graphite-rich friable layers. The geologi cal layers of interest have continuity of
several kilometres and exhibit a shallow dip angle. Sample data indicate good grade (up to 10%
carbon content with some samples up to nearly 14%) and large flake (jumbo size) consistent with
other nearby mines e.g. Gallois (Elate Graphite), Sahamamy & Vatomina (Tirupati Graphite) and
DNI Metals’ Vohitsara (DNI Metals).
Further information about Global Li -Ion is available under its profile on the SEDAR website ,
www.sedar.com, on the CSE website , www.thecse.com, and the Company’s website ,
www.globalli-iongraphite.com.
For Further information about the Company, please contact:
Jason Walsh
Global Li-Ion Graphite Corp.
Telephone 604.608.6314
Email: [email protected]
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This press release contains forward-looking statements. The use of any of the words “anticipate”,
“continue”, “estimate”, “expect”, “may”, “will”, “project”, “intend”, “believe” and similar expressions
are intended to identify forward -looking statements. Although the Company believes that the
expectations and assumptions on which the forward -looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking statements because the
Company can give no assurance that they will prove to be correct. Since forward -looking
statements address future events and conditions, by their very nature they involve inherent risks
and uncertainties. These statements speak only as of the date of this press release. Actual results
could differ materially from those currently anticipated due to a number of factors and risks
discussed in the Company's Management's Discussion and Analysis under the Company's profile
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