Galan Lithium Ltd

$GLN has firm backing for a $12m placement & has launched an entitlement offer for another $13.3m to reach production from its Hombre Muerto West project, believed to be the highest-grade, lowest-impurity #lithium project in Argentina. https://lnkd.in/gb9tP2d4 

Galan Lithium Limited (ASX: GLN) is pleased to announce the launch of a capital raising of up to A$25 million. The Company has received firm commitments for a Placement of approximately A$12 million to institutional, sophisticated, professional investors and Chemphys at A$0.105 per share. Read more: https://lnkd.in/gwBeGY-m

Galan Lithium Limited (ASX:GLN) managing director Juan Pablo Vargas de la Vega provides details of the company’ recent deal with Chinese battery producer Chemphys Chemical, and what it means for the future of the company and the lithium sector. https://lnkd.in/ga_J4_pC $GLN #lithium Richard Homsany Juan Pablo Vargas de la Vega Daniel Jimenez Schuster Chris Chalwell Terry Gardiner Graham Fox Mike Robbins María Claudia Pohl Ibáñez Francisco López Ross Dinsdale, CFA

$GLN announced a $40m offtake prepayment MOU with Chengdu Chemphys Chemical Industry, to supply Chemphys a total of 23,000 t of #lithium carbonate-equivalent over the first 5 years of Phase 1 production from the Hombre Muerto West project. https://lnkd.in/gkzXrn2n $GLN #lithium Richard Homsany Juan Pablo Vargas de la Vega Daniel Jimenez Schuster Chris Chalwell Terry Gardiner Graham Fox Mike Robbins María Claudia Pohl Ibáñez Francisco López Ross Dinsdale, CFA

Galan Lithium Limited (ASX:GLN) is very pleased to announce that it has entered into an offtake prepayment memorandum of understanding with Chengdu Chemphys Chemical Industry Co., Ltd in relation to the Company’s Hombre Muerto West project in Argentina. Read more: https://lnkd.in/gqepiz93

Galan Lithium (ASX: GLN) has achieved another important step along the production pathway at its Hombre Muerto West (HMW) Phase 1 lithium brine project in Argentina. Managing director Juan Pablo Vargas de la Vega told shareholders that the company’s success in accumulating an in-situ lithium mining inventory of more than 2,800 tonnes of lithium carbonate equivalent (LCE) was a key milestone. https://lnkd.in/gBji2-zq $GLN #lithium Richard Homsany Juan Pablo Vargas de la Vega Daniel Jimenez Schuster Chris Chalwell Terry Gardiner Graham Fox Mike Robbins María Claudia Pohl Ibáñez Francisco López Ross Dinsdale, CFA

Galan Lithium Limited (ASX:GLN) is pleased to provide a further update on the progress at its 100% owned Hombre Muerto West (HMW) Phase 1 lithium brine project. Lithium inventories continue to build in the HMW Phase 1 ponds, in line with Feasibility Study expectations, which will provide the feedstock for the HMW processing plant. Over the last month, Galan has re-worked its construction activities to preserve cash with a view to procuring both a definitive sales agreement and an associated funding package for the Project in the short term. Galan’s Managing Director, Juan Pablo Vargas de la Vega, commented:“We are very proud of the solid progress made to date especially in light of current market conditions. During this time, the Board also made the prudent decision to strategically slow construction activities so as to preserve our cash. Our current in situ inventory of 2,800t LCE has been the first step of our production pathway. Our inventory will continue to increase as we have a low energy cost operation that only requires brine pumps to operate. As a result, once Galan finalises sales and funding arrangements, which are progressing well, the Company will be in a strong position to produce a competitive low-cost lithium product. It should also be noted that we have received strong international market interest in our HMW lithium concentrate. In our view, this evidence indicates that the current lithium pricing environment and market oversupply is not expected to be a long term trend.” Read more: https://lnkd.in/gZCsRBpf $GLN #lithium Richard Homsany Juan Pablo Vargas de la Vega Daniel Jimenez Schuster Chris Chalwell Terry Gardiner Graham Fox Mike Robbins María Claudia Pohl Ibáñez Francisco López Ross Dinsdale, CFA

Galan Lithium Limited (ASX:GLN) is pleased to advise that it has appointed Mr Ross Dinsdale, CFA to the role of Chief Financial Officer effective 10 July 2024. Mr Dinsdale has 18 years’ extensive experience across capital markets, equity research, investment banking and executive roles in the natural resources sector. He has held positions with Goldman Sachs, Azure Capital and more recently he acted as CFO for Mallee Resources Limited. He is a CFA charter holder, has a Bachelor of Commerce and holds a Graduate Diploma in Applied Finance. Galan’s Managing Director Juan Pablo Vargas de la Vega said: “Ross’ extensive background and expertise in corporate financing and his broad commercial experience will prove invaluable as we continue to negotiate offtake agreements and funding arrangements to commercialise our suite of lithium projects. He is a welcome and timely addition to the Galan team and we look forward to the valuable contribution he will bring the Company.” Read more: https://lnkd.in/gRTybc6M $GLN #lithium Richard Homsany Juan Pablo Vargas de la Vega Daniel Jimenez Schuster Chris Chalwell Terry Gardiner Graham Fox Mike Robbins María Claudia Pohl Ibáñez Francisco López Ross Dinsdale, CFA

$GLN.ax has gained strong market support for its Hombre Muerto West #lithium brine project with firm commitments from investors to raise $14m to provide working capital headroom & ongoing financial flexibility. https://lnkd.in/gAKh6utN  #energy $GLN #lithium Richard Homsany Juan Pablo Vargas de la Vega Daniel Jimenez Schuster Chris Chalwell Terry Gardiner Graham Fox Mike Robbins María Claudia Pohl Ibáñez Francisco López

Galan Lithium (ASX:GLN) is pleased to provide a recording of Juan Pablo Vargas de la Vega presenting at the recent RIU Sydney Resources Round-up Conference. 📺 Watch video https://lnkd.in/d-YXyDWk #energy $GLN #lithium Richard Homsany Juan Pablo Vargas de la Vega Daniel Jimenez Schuster Chris Chalwell Terry Gardiner Graham Fox Mike Robbins María Claudia Pohl Ibáñez Francisco López