Galan Lithium Ltd’s Post

$GLN - Galan Lithium Ltd 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/gFYP4vQc $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

Lithium Ionic Files NI 43-101 Technical Report for the Bandeira Lithium Project Feasibility Study Lithium Ionic Corp. (TSX: LTH | OTCQX: LTHCF) reports that it has filed the independent NI 43-101 compliant technical report (the “Technical Report”) for its Bandeira Lithium Project (“Bandeira” or the “Project”) in Minas Gerais State, Brazil, supporting and validating the Feasibility Study (“FS”) results press released on May 29, 2024. The Technical Report details a feasibility study that supports a robust project with strong economic viability, featuring a small footprint underground mine, an efficient and straightforward processing circuit, and a safe, sustainable dry stack tailings facility. Highlights of the FS are as follows: ▪14-year mine life producing an average of 178,000tpa of spodumene concentrate (5.5% Li2O) ▪After-tax NPV8 of US$1.3B; IRR of 40% (using a long-term price of US$2,277/t SC5.5) ▪Industry-leading LOM operating costs of $444/t SC5.5 ▪Low CAPEX of US$266 million LiT’s Go! ⚒️🔋🚀

$GLN - Galan Lithium Ltd is pleased to announce that it is advancing offtake partnering process for Phase 2 production for its 100% owned Hombre Muerto West (HMW) Project in Catamarca Province, Argentina. The Offtake Process follows on from the recently announced Phase 1 offtake and financing agreement with Glencore plc (ASX announcement dated 16 November 2023) and the positive Phase 2 Definitive Feasibility Study (DFS) (ASX announcement dated 3 October 2023). The Offtake Process is being led by Galan’s Managing Director and one of its other Directors, Mr Daniel Jiminez. Galan’s Managing Director, Juan Pablo Vargas de la Vega, said: “We are very pleased with the progress of the offtake process for Phase 2 of our HMW Project and highlights the strength in the long term lithium market. Subsequent to the delivery of a DFS for each of Phases 1 and 2, and securing Phase 1 offtake from Glencore, one of the world’s largest diversified natural resource companies, the interest in our project remains high. Glencore offers to provide or facilitate a Financing Prepayment Facility for US$70 to US$100 million, subject to conditions precedent, with no export licence required, clearly validates Galan’s low-cost low-risk lithium chloride development strategy to become the next lithium producer in Argentina. Galan’s robust 4 phase production strategy (up to 60ktpa LCE) provides an exceptional foundation for significant future economic upside. Discussions are advancing in parallel with the continuing and timely construction of Phase 1 of the HMW Project. In unison, the permitting process is progressing with the support of the local Catamarca government and local communities. Galan remains on track for first pond fill in Q1 2024 and we are confident, based on current discussions, that we will secure a strategic partner for Phase 2.” Read more: https://lnkd.in/gPHc9WKG $GLN #lithium Richard Homsany Juan Pablo Vargas de la Vega Daniel Jimenez Schuster Chris Chalwell Terry Gardiner Graeme Fox Mike Robbins María Claudia Pohl Ibáñez

$GLN - Galan Lithium Ltd is pleased to announce that it is advancing offtake partnering process for Phase 2 production for its 100% owned Hombre Muerto West (HMW) Project in Catamarca Province, Argentina. The Offtake Process follows on from the recently announced Phase 1 offtake and financing agreement with Glencore plc (ASX announcement dated 16 November 2023) and the positive Phase 2 Definitive Feasibility Study (DFS) (ASX announcement dated 3 October 2023). The Offtake Process is being led by Galan’s Managing Director and one of its other Directors, Mr Daniel Jiminez. Galan’s Managing Director, Juan Pablo Vargas de la Vega, said: “We are very pleased with the progress of the offtake process for Phase 2 of our HMW Project and highlights the strength in the long term lithium market. Subsequent to the delivery of a DFS for each of Phases 1 and 2, and securing Phase 1 offtake from Glencore, one of the world’s largest diversified natural resource companies, the interest in our project remains high. Glencore offers to provide or facilitate a Financing Prepayment Facility for US$70 to US$100 million, subject to conditions precedent, with no export licence required, clearly validates Galan’s low-cost low-risk lithium chloride development strategy to become the next lithium producer in Argentina. Galan’s robust 4 phase production strategy (up to 60ktpa LCE) provides an exceptional foundation for significant future economic upside. Discussions are advancing in parallel with the continuing and timely construction of Phase 1 of the HMW Project. In unison, the permitting process is progressing with the support of the local Catamarca government and local communities. Galan remains on track for first pond fill in Q1 2024 and we are confident, based on current discussions, that we will secure a strategic partner for Phase 2.” Read more: https://lnkd.in/gQ2Mdu2X $GLN #lithium Richard Homsany Juan Pablo Vargas de la Vega Daniel Jimenez Schuster Chris Chalwell Terry Gardiner Graeme Fox Mike Robbins María Claudia Pohl Ibáñez

Did you know that 60%+ of the world's lithium is processed in China? Scary stuff for the West, especially after China announced that it's restricting graphite exports in Oct'23 - another key element for the #EnergyTransition (and China refines 90% of global graphite). Several lithium refineries have popped up across Europe, to diversify the supply chain & break China's stronghold. Two of these are in the UK, just six miles apart in Teesside. GreenLithium and TVL will produce 6% and 15% of Europe's demand respectively. Had interesting discussions with their founders, Richard Taylor and SAM QUINN to learn about both projects. Read more here - https://lnkd.in/ezFW_nm6 #Mining #Technology #Sustainability #Lithium

MELBOURNE, Aug 7 (Reuters) - Arcadium Lithium (ALTM.N), opens new tab  on Wednesday joined a growing list of producers reviewing lithium operations in Australia amid a rout in prices for the battery raw material that is expected to result in more production cuts. The lithium market is reeling from rapid supply growth that has outpaced strong projections for demand from several years ago as uptake of electric vehicles has been slower than expected. https://lnkd.in/d2Pep8P8

ACME Lithium Inc. (CSE:ACME, OTCQB:ACLHF) said it has entered into a binding letter of intent granting Snow Lake the option to earn up to a 90% interest in ACME’s Manitoba lithium pegmatite project areas. The company’s Manitoba #lithium group is made up of 37 mineral claims totalling 17,000 acres across Shatford Lake, Birse Lake, and Cat-Euclid Lake in the Bird River Greenstone Belt. It said that Snow Lake can exercise the option by paying a total of C$500,000 and incurring C$1.8 million in exploration and development expenses over two years. Once Snow Lake has earned a 90% interest in the project areas and completed a positive feasibility study, a joint venture will be formed between Snow Lake and AMCE to advance development. The terms of the joint venture will be agreed at the time of formation, ACME said. Further, ACME said it will no longer be pursuing its option to acquire a 100%... More at #Proactive #ProactiveInvestors http://ow.ly/hFVe1056hmJ #CSE #OTCQB #ACME #ACLHF

Global Lithium Resources Ltd (ASX:GL1) MD Ron Mitchell tells Proactive the company has progressed work on a definitive feasibility study (DFS) for the Manna #Lithium Project in Western Australia, demonstrating strong flotation and lithium recoveries in test-work. GL1 has selected a whole ore flotation circuit for the Manna Project, having completed 31 flotation tests and producing a spodumene concentrate of 5.6% to 6.5% lithium and 0.4% to 0.8% iron. The company achieved #spodumene recovery from rougher flotation beneficiation of more than 95% while still maintaining lithium grades of 5.5% or better. Watch at #Proactive #ProactiveInvestors #ASX #GL1 #LithiumMining #LithiumExploration #BatteryMetals #CriticalMinerals Andrew Scott https://lnkd.in/egPxkvej

A quick write up to help retail investors understand the extraction of lithium from Nevada sedmintary ore. https://lnkd.in/gb3H_PpV

📃 𝗟𝗶𝘁𝗵𝗶𝘂𝗺 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗼𝘃𝗲𝗿𝘃𝗶𝗲𝘄 𝗶𝗻 𝗤𝟰 𝟮𝟬𝟮𝟯 𝗟𝗶𝘁𝗵𝗶𝘂𝗺 𝗖𝗼𝗻𝗰𝗲𝗻𝘁𝗿𝗮𝘁𝗲: Australia mines performed well throughout the year 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗲: By Q4 2023, a total of 8 projects were in operation. SC6 concentrate mine output reached 849,000 tons, +27% Y-o-Y/+6% M-o-M, primarily due to the steady increase Marion, PLA Wodigna and Bald Hill after operation recovery. Apart from Greenbush, the major lithium mines in Australia saw an increase during the past quarter. Europe & Americas brief: Projects in Latin America expanded steadily. NAL project in North America was under difficulties due to high cost. Being hindered by environment and approval issues, it is highly possible that lithium projects under construction is lower than expectation within the region. 𝗦𝗮𝗹𝗲𝘀: 𝗖𝗵𝗮𝗻𝗴𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗠𝗲𝗰𝗵𝗮𝗻𝗶𝘀𝗺 𝗮𝗻𝗱 𝗗𝗲𝘀𝗶𝗿𝗮𝗯𝗹𝗲 𝘀𝗮𝗹𝗲 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗶𝗻 𝗤𝟰 Apart from Greenbushes remained at M-1 contract, current lithium mine pricing mechanism has shifted from M+1 / M+2, driving to increasing sales. SC6 sold 767,000 tons in Q4 2023, +7.5% Y-o-Y / +3.0% M-o-M African lithium mines sold smoothly in the past quarter; newly-added capability in America started shipment from Q3 2023 and the sales were relatively smooth due to the signing of underwriting agreements or active cooperation with price adjustments. 𝗟𝗶𝘁𝗵𝗶𝘂𝗺 𝗖𝗼𝗻𝗰𝗲𝗻𝘁𝗿𝗮𝘁𝗲 𝗣𝗿𝗶𝗰𝗲: Due to the newly-adopted pricing mechanism, the price of Australia mine plummeted in Q4, and the price adjustment ranges from 19% to 71% on a monthly basis. 𝗟𝗶𝘁𝗵𝗶𝘂𝗺 𝗖𝗼𝗻𝗰𝗲𝗻𝘁𝗿𝗮𝘁𝗲 𝗖𝗼𝘀𝘁: The increasing yielding led to lower unit cost, and the cost curve of Australian lithium mine saw a decrease. With the growing output and sales of major miners such as Marion, Pilbara and Wodgina, the cost decreased on a monthly basis. However, the cost guidance of Greenbushes increased because of shrinking production. #Lithium #mine #battery #pricing #basemetal #Australia