Galan Lithium Limited (AU:GLN) has released an update.
Galan Lithium Limited is on schedule with its HMW lithium brine project, aiming to commence lithium chloride production in the first half of 2025, with 33% of the project completed and 45% of pond construction done. The company has successfully accumulated approximately 1,000 tonnes of lithium carbonate equivalent (LCE) and is exploring cost reduction strategies to maintain competitive advantage in the lithium market. With recent government agreements and ongoing discussions for off-take and funding, Galan Lithium is positioned to capitalize on the current demand for lithium.
For further insights into AU:GLN stock, check out TipRanks’ Stock Analysis page.
