Galan Lithium Limited (AU:GLN) has released an update.
Galan Lithium Limited has announced a significant commercial agreement with the Catamarca Government to facilitate the commercialization of lithium chloride concentrate, signaling a strategic move to expand its customer base and improve terms for sales and financing. The agreement, which includes a commitment to further downstream processing and a royalty rate increase, aligns with Galan’s phased development plan for their HMW Project, aiming for initial production by the first half of 2025. This collaboration underscores the company’s strong relationship with local authorities, bolstering its long-term strategy and reducing project risks.
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