Galan Lithium Limited (AU:GLN) has released an update.
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Galan Lithium Limited has made strides in its Hombre Muerto West project in Argentina, completing 76% of pond construction with a strong lithium inventory. The company has secured a $40 million offtake prepayment and raised A$25 million to support its Phase 1 production, expected to commence in the second half of 2025. First production targets are set at 4,000 tonnes per annum, with plans for future expansion.
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