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An update from Galan Lithium Limited ( (AU:GLN) ) is now available.
Galan Lithium Limited has successfully raised $2,000,000 through its At-the-Market Subscription Agreement with Acuity Capital by setting off 15,000,000 fully paid ordinary shares. The funds will be directed towards advancing the Hombre Muerto West lithium brine project in Argentina and for working capital, marking a significant step in the company’s development strategy.
The most recent analyst rating on (AU:GLN) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Galan Lithium Limited stock, see the AU:GLN Stock Forecast page.
More about Galan Lithium Limited
Galan Lithium Limited is a company operating in the lithium industry, focusing on the development and production of lithium brine projects. Its primary market focus is on the Hombre Muerto West lithium brine project in Argentina.
Average Trading Volume: 3,110,636
Technical Sentiment Signal: Sell
Current Market Cap: A$130.1M
For a thorough assessment of GLN stock, go to TipRanks’ Stock Analysis page.