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Galan Lithium Limited ( (AU:GLN) ) just unveiled an announcement.
Galan Lithium Limited has executed a definitive subscription agreement with The Clean Elements Fund for a $20 million placement, subject to due diligence and shareholder approval. This funding will support the construction of Phase 1 of the Hombre Muerto West project in Argentina, aiming to produce lithium chloride concentrate by H1 2026, strengthening Galan’s position in the lithium market.
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 an ASX-listed company specializing in lithium exploration and development. The company’s flagship assets include the Hombre Muerto West (HMW) and Candelas lithium brine projects located in Argentina’s ‘lithium triangle,’ known for high-grade lithium brine deposits. Galan also holds exploration licenses at Greenbushes South in Western Australia.
Average Trading Volume: 3,047,088
Technical Sentiment Signal: Sell
Current Market Cap: A$135M
Learn more about GLN stock on TipRanks’ Stock Analysis page.