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Galan Lithium Limited ( (AU:GLN) ) has issued an update.
Galan Lithium Limited has successfully completed all conditions for a $20 million share placement with Clean Elements Fund, which will fund the completion of Phase 1 construction at the Hombre Muerto West project. This development positions Galan to begin lithium chloride concentrate production in the first half of 2026, enhancing its competitive stance in the global lithium market. The due diligence by Clean Elements Fund confirmed the exceptional quality of the HMW project, highlighting its potential for high-margin production due to its high-grade and low-impurity lithium brine.
The most recent analyst rating on (AU:GLN) stock is a Buy with a A$0.36 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 chloride concentrate. Their primary market focus is on the Hombre Muerto West (HMW) project in Argentina, which is recognized for its high-grade lithium brine resources.
Average Trading Volume: 3,378,156
Technical Sentiment Signal: Sell
Current Market Cap: A$135M
Learn more about GLN stock on TipRanks’ Stock Analysis page.