Galan Lithium Secures $1.5 Million Through ATM Agreement

Galan Lithium Limited ( (AU:GLN) ) has issued an update.

Galan Lithium Limited has raised $1.5 million through its At-the-Market Subscription Agreement with Acuity Capital by issuing 13 million fully paid ordinary shares at a price of $0.115 per share. This capital will be used for working capital, supporting the company’s operational needs and potentially enhancing its market position in the lithium industry.

More about Galan Lithium Limited

Galan Lithium Limited operates in the lithium industry, focusing on the production and development of lithium resources. The company is engaged in the exploration and development of lithium projects, primarily catering to the growing demand for lithium in the electric vehicle and energy storage sectors.

YTD Price Performance: -1.43%

Average Trading Volume: 40,995

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €56.58M

See more insights into GLN stock on TipRanks’ Stock Analysis page.