Galan Lithium Secures $575,000 Through ATM Agreement

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

Galan Lithium Limited has successfully raised $575,000 through its At-the-Market Subscription Agreement with Acuity Capital by issuing 5,700,000 fully paid ordinary shares at a price of $0.101 per share. This capital raise, which was executed at an 8.2% discount to the 15-day VWAP, will be directed towards enhancing the company’s working capital, potentially strengthening its operational capabilities and market position within the lithium sector.

More about Galan Lithium Limited

Galan Lithium Limited is a company operating in the lithium industry, focusing on the production and development of lithium resources. The company is primarily engaged in the exploration and development of lithium projects, which are crucial for the growing demand in electric vehicles and renewable energy storage solutions.

YTD Price Performance: -14.29%

Average Trading Volume: 43,981

Technical Sentiment Signal: Buy

Current Market Cap: €53.66M

See more data about GLN stock on TipRanks’ Stock Analysis page.