The Global Lithium Resources Ltd (ASX: GL1) share price is lifting today despite the broader market's sell-off.
Interestingly, its gain comes just one day after the stock slumped 2% on news of a major lithium discovery.
The Global Lithium share price is up 3.75% at the time of writing to trade at $2.49.
That's despite the broader market's suffering. The All Ordinaries Index (ASX: XAO) is down 2.34% right now following a dire night on Wall Street in which US markets were weighed down by disappointing inflation data.
So, what might be driving Global Lithium's stock higher on Wednesday? Let's take a look.
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What's buoying the Global Lithium share price?
The Global Lithium share price is joining some of its lithium peers in defying the market's pain.
The S&P/ASX 200 Materials Index (ASX: XMJ) has fallen 1.88% right now.
Meanwhile, many of the market's smaller lithium stocks, including Anson Resources Ltd (ASX: ASN), Piedmont Lithium Inc (ASX: PLL), and Latin Resources Ltd (ASX: LRS), are recording gains.
They're up 5.95%, 2.75%, and 4.35% respectively at the time of writing despite only Anson Resources having released news today.
It's also worth noting Global Lithium's stock has been on a roll lately. It has gained 44% since the end of August.
Interestingly, the company has only released one announcement during that time. It revealed drilling had returned the highest-grade lithium intercept at its Manna Lithium Project to date yesterday.
On top of that, ongoing exploration mapping has identified a new pegmatite target area at the project.
Drilling is continuing at the project while its update mineral resource estimate is on track to be released in the December quarter.
Today's gain included, the Global Lithium share price is 117.5% higher than it was at the start of 2022. It has also gained 520% since this time last year.
