The latest update is out from Galan Lithium Limited ( (AU:GLN) ).
Galan Lithium Limited has secured a binding funding package with USA-based Authium Limited to support the initial production phase of its Hombre Muerto West project in Argentina. The agreement includes the sale of 45,000 tonnes of lithium chloride concentrate over 6 to 12 years and a US$6 million prepayment for lithium supply. Authium will fund and operate the processing technology at HMW, significantly reducing Galan’s capital and operating costs. This partnership positions Galan to commence lithium production by the first half of 2026, enhancing its operational efficiency and market positioning.
More about Galan Lithium Limited
Galan Lithium Limited is an Australian company operating in the lithium industry, focusing on the production of lithium chloride concentrate. Its primary market focus is on the development of the Hombre Muerto West (HMW) project in Argentina, which is known for high-grade lithium brine resources.
YTD Price Performance: -27.14%
Average Trading Volume: 41,551
Technical Sentiment Signal: Buy
Current Market Cap: €56.37M
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