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Galan Lithium Limited ( (AU:GLN) ) has issued an update.
Galan Lithium Limited has completed the final A$10 million tranche of a strategic A$20 million investment from the Clean Elements Fund, securing funding for the construction of Phase 1 of its Hombre Muerto West lithium brine project in Argentina. This investment positions Galan as a leading ASX-listed lithium developer moving towards production, with the first lithium chloride production expected in the first half of 2026. The partnership with Clean Elements is seen as a long-term relationship, with Clean Elements’ Chairman, Ofer Amir, joining Galan’s Board as a Non-Executive Director, bringing extensive experience in international capital markets to support Galan’s future growth phases.
The most recent analyst rating on (AU:GLN) stock is a Buy with a A$0.41 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 an ASX-listed company focused on lithium exploration and development. Its primary assets include the Hombre Muerto West (HMW) and Candelas lithium brine projects located in Argentina’s ‘lithium triangle,’ known for high-grade lithium brine deposits. The company also holds exploration licenses in Western Australia near the Greenbushes Lithium Mine.
Average Trading Volume: 3,427,884
Technical Sentiment Signal: Sell
Current Market Cap: A$158.7M
See more insights into GLN stock on TipRanks’ Stock Analysis page.