GALAN LITHIUM ORD
Galan Lithium secures key funding and offtake deal to fast-track Hombre Muerto West project
Galan Lithium (ASX: GLN) has secured key funding and signed an offtake agreement in a major breakthrough as it progresses its world-class Hombre Muerto West project (HMW) in Argentina. The offtake and operating agreements with Australian firm Authium will not only provide Galan with a market for the sale of 45,000 tonnes of lithium chloride […]
Galan Lithium granted Phase 2 mining permit for Hombre Muerto West project
Galan Lithium (ASX: GLN) has been granted a full Phase 2 mining permit for its wholly- owned Hombre Muerto West lithium brine project in Argentina. The permit was granted by the Catamarca Ministro – Ministerio de Mineria (Mines Department Minister) and covers all construction activities including ponds, processing plant, onsite laboratory, power and other required […]
Galan Lithium advances HMW project with $40m offtake prepayment and $25m capital raise
Galan Lithium (ASX: GLN) has advanced its wholly-owned Hombre Muerto West (HMW) lithium brine project in Argentina, securing a deal for an offtake prepayment and completing a capital raise to fully fund Phase 1 initial production. During the September quarter, the company entered into a memorandum of understanding with Chengdu Chemphys Chemical Industry for the […]
Galan Lithium launches $25m capital raising to fund Hombre Muerto West development
Galan Lithium (ASX: GLN) has launched a $25 million capital raising to fund further development of its flagship Hombre Muerto West (HMW) lithium project in Argentina’s Catamarca province. The company has received firm commitments for a $12m placement to institutional, sophisticated and professional investors at $0.105 per share. This represents an 8.7% discount to the […]