Galan Lithium Limited: SUCCESSFUL DUE DILIGENCE COMPLETED - $20M PLACEMENT TO PROCEED
Galan Lithium Limited (GLNLF) has successfully completed all conditions for a $20 million placement with Clean Elements Fund. The placement will proceed in two equal tranches of $10 million each, with the first tranche settling within 5 business days and the second by November 22, 2025.
The due diligence process validated Hombre Muerto West (HMW) as a world-class lithium project, featuring the highest grade lithium brine in Argentina with the lowest impurity profile. The funding will enable Galan to complete Phase 1 construction at HMW, targeting first lithium chloride concentrate production in H1 2026 with a capacity of 4ktpa LCE.
Galan Lithium Limited (GLNLF) ha completato con successo tutte le condizioni per un placement da 20 milioni di dollari con Clean Elements Fund. Il finanziamento sar脿 erogato in due tranche uguali da 10 milioni di dollari ciascuna: la prima verr脿 liquidata entro 5 giorni lavorativi e la seconda entro il 22 novembre 2025.
La due diligence ha confermato che Hombre Muerto West (HMW) 猫 un progetto di livello mondiale, con la salamoia di litio dalla pi霉 alta concentrazione in Argentina e il profilo di impurit脿 pi霉 basso. I fondi permetteranno a Galan di completare la Fase 1 delle opere a HMW, con l'obiettivo di ottenere il primo concentrato di cloruro di litio nella prima met脿 del 2026 e una capacit脿 di 4 ktpa LCE.
Galan Lithium Limited (GLNLF) ha completado con 茅xito todas las condiciones para un placement de 20 millones de d贸lares con Clean Elements Fund. La operaci贸n se efectuar谩 en dos tramos iguales de 10 millones de d贸lares cada uno; el primer tramo se har谩 efectivo en un plazo de 5 d铆as h谩biles y el segundo antes del 22 de noviembre de 2025.
La diligencia debida confirm贸 que Hombre Muerto West (HMW) es un proyecto de litio de clase mundial, con la salmuera de mayor ley en Argentina y el perfil de impurezas m谩s bajo. La financiaci贸n permitir谩 a Galan completar la Fase 1 en HMW, con la meta de producir el primer concentrado de cloruro de litio en la primera mitad de 2026 y una capacidad de 4 ktpa LCE.
Galan Lithium Limited (GLNLF)電� Clean Elements Fund鞕�鞚� 2,000毵� 雼煬 氚办爼(placement)鞐� 雽�頃� 氇摖 臁瓣贝鞚� 靹标车鞝侅溂搿� 於╈”頄堨姷雼堧嫟. 鞛愱笀鞚� 臧侁皝 1,000毵� 雼煬鞌� 霊� 氩堨棎 雮橂墭鞏� 鞝滉车霅橂┌, 觳� 氩堨Ц 韸鸽灉旃橂姅 鞓侅梾鞚� 旮办 5鞚� 鞚措偞鞐� 鞝曥偘霅橁碃 霊� 氩堨Ц電� 2025雲� 11鞗� 22鞚缄箤歆� 鞝曥偘霅╇媹雼�.
鞁れ偓 瓴瓣臣 Hombre Muerto West(HMW)電� 靹戈硠鞝� 靾橃鞚� 毽姮 頂勲鞝濏姼搿� 頇曥澑霅橃棃鞙茧┌, 鞎勲ゴ項嫲雮橃棎靹� 臧�鞛� 雴掛潃 旮堧Μ鞚� 毽姮 敫岆澕鞚�瓿� 臧�鞛� 雮潃 攵堨垳氍� 頂勲頃勳潉 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 鞚措矆 鞛愱笀鞚� Galan鞚� HMW鞚� 1雼硠 瓯挫劋鞚� 鞕勲頃橂弰搿� 歆�鞗愴晿氅�, 2026雲� 靸侂皹旮办棎 斓滌磮鞚� 鞐柬檾毽姮 雴嶌稌氍� 靸濎偘鞚� 氇╉憸搿� 頃橁碃 靸濎偘電ル牓鞚� 鞐瓣皠 4 ktpa LCE鞛呺媹雼�.
Galan Lithium Limited (GLNLF) a rempli avec succ猫s toutes les conditions pour un placement de 20 millions de dollars avec le Clean Elements Fund. Le placement se d茅roulera en deux tranches 茅gales de 10 millions de dollars chacune : la premi猫re sera r茅gl茅e sous 5 jours ouvrables et la seconde d'ici le 22 novembre 2025.
La due diligence a confirm茅 que Hombre Muerto West (HMW) est un projet lithiumier de classe mondiale, pr茅sentant la saumure la plus concentr茅e d'Argentine et le profil d'impuret茅s le plus faible. Le financement permettra 脿 Galan d'achever la phase 1 des travaux 脿 HMW, visant la premi猫re production de concentr茅 de chlorure de lithium au premier semestre 2026 avec une capacit茅 de 4 ktpa LCE.
Galan Lithium Limited (GLNLF) hat alle Bedingungen f眉r ein 20-Millionen-Dollar-Placement mit dem Clean Elements Fund erfolgreich erf眉llt. Die Finanzierung erfolgt in zwei gleichen Tranchen zu je 10 Millionen Dollar; die erste Tranche wird innerhalb von 5 Werktagen ausgezahlt, die zweite bis zum 22. November 2025.
Die Due-Diligence best盲tigte Hombre Muerto West (HMW) als ein Lithiumprojekt von Weltklasse mit der h枚chsten Lithiumbrinen-Konzentration in Argentinien und dem geringsten Verunreinigungsprofil. Die Mittel erm枚glichen Galan den Abschluss der Bauarbeiten f眉r Phase 1 in HMW und zielen auf die erste Produktion von Lithiumchlorid-Konzentraten in der ersten H盲lfte 2026 mit einer Kapazit盲t von 4 ktpa LCE ab.
- Secured $20 million placement at a premium to prevailing share price
- Project validated as highest grade lithium brine in Argentina with lowest impurity profile
- Fully funded to complete Phase 1 construction with 4ktpa LCE capacity
- Superior lithium recovery rates compared to other brine projects
- Low-cost evaporation process positions company for high-margin production
- Production not expected until H1 2026
- Second tranche payment of $10 million delayed until November 2025
Highlights:
- All conditions in relation to the
$20 million - Due diligence undertaken by Clean Elements Fund validates the standing of Hombre Muerto West (HMW) as a world class lithium project, offering exceptional scale and grade.
- Galan is now fully funded to complete the construction of Phase 1 at HMW (at 4ktpa LCE) with first production of lithium chloride concentrate planned during H1 2026.
The Placement, which was undertaken at a significant premium to the prevailing share price when originally announced, was subject to certain conditions including shareholder approvals (received at a General Meeting held on Friday, 22 August 2025) as well as the satisfactory completion by Clean Elements of technical and legal due diligence in respect of the Company and HMW in Argentina.听
Clean Elements has advised that all conditions to the Placement have been satisfied. As such, the Placement will now proceed to settlement, providing Galan with the funding required for the finalisation of the HMW Phase 1 construction over the remainder of the 2025 calendar year, with first production of lithium chloride concentrate scheduled for H1 2026.
Settlement will take place in two equal tranches of
Managing Director, Juan Pablo Vargas de la Vega, commented:听"With the support of Clean Elements, Galan now has the funding certainty to complete Phase 1 construction at HMW and is firmly on track to deliver first lithium chloride concentrate production in H1 2026.
The due diligence undertaken by Clean Elements Fund has confirmed, what we at Galan already know 鈥� HMW is an exceptional lithium project, combining substantial scale and grade with execution capability that places it among the best globally.
The team at Galan remains focussed on advancing project delivery at HMW and we look forward to creating significant long-term value for shareholders as we progress towards production."
Clean Element's Chairman, Ofer Amir, commented:听听"We are thrilled to confirm a binding and unconditional commitment to complete both tranches of the placement鈥攁n outcome that underscores strong confidence in Galan's strategic direction.
Our specialist lithium brine adviser highlighted that HMW is the premier lithium brine resource globally. HMW's brine is the highest grade in
This exceptional resource quality enables a low-cost, evaporation process鈥攑ositioning Galan to become a high-margin, globally competitive lithium producer. In our view, Galan will not just be participating in the lithium market; it will be setting a new benchmark."
The Galan Board has authorised this release.
For further information contact:
COMPANY | MEDIA |
Juan Pablo ("JP") Vargas de la Vega | Matt Worner |
Managing Director | Vector Advisors |
+ 61 8 9214 2150 | +61 429 522 924 |
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SOURCE Galan Lithium Limited
FAQ
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