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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.
