Early Completion of Strategic Placement
Galan Lithium (OTC:GLNLF) confirmed early completion of a A$20 million placement from Clean Elements with the second A$10 million tranche received on 5 November 2025. The proceeds provide the final equity component to fund construction of Phase 1 of the Hombre Muerto West lithium brine project in Argentina, with first lithium chloride production remaining on track for H1 2026. Galan reports a strong balance sheet with no debt and the ability to draw a US$6 million Authium offtake prepayment facility, subject to conditions precedent. Clean Elements will gain a board seat with Ofer Amir appointed as Non-Executive Director before year-end.
Galan Lithium (OTC:GLNLF) ha confermato la conclusione anticipata di una colocazione da A$20 milioni da Clean Elements, con la seconda tranche da A$10 milioni ricevuta il 5 novembre 2025. I proventi costituiscono la componente azionaria finale per finanziare la costruzione della Fase 1 del progetto di brine al litio Hombre Muerto West in Argentina, con la prima produzione di cloruro di litio prevista per H1 2026. Galan riferisce una solida situazione patrimoniale senza debiti e la possibilità di attingere a una linea di anticipo di vendita Authium di US$6 milioni, soggetta a condizioni precedenti. Clean Elements otterrà un posto nel consiglio con Ofer Amir nominato come Amministratore Non Esecutivo prima della fine dell'anno.
Galan Lithium (OTC:GLNLF) confirmó la finalización anticipada de una colocación de A$20 millones de Clean Elements, con la segunda tramo de A$10 millones recibida el 5 de noviembre de 2025. Los fondos proporcionan el componente de capital final para financiar la construcción de la Fase 1 del proyecto de salmuera de litio Hombre Muerto West en Argentina, con la primera producción de cloruro de litio prevista para H1 2026. Galan informa de una sólida situación financiera sin deuda y la posibilidad de disponer de una facilidad de anticipo de compra Authium de US$6 millones, sujeta a condiciones previas. Clean Elements obtendrá un asiento en la junta con Ofer Amir nombrado Director No Ejecutivo antes de fin de año.
Galan Lithium (OTC:GLNLF)가 Clean Elements로부터 A$20백만의 조기 확정 배치를 확인했고, 두 번째 A$10백만의 분배가 2025년 11월 5일에 수령되었습니다. 이 자금은 아르헨티나의 Hombre Muerto West 염수 리튬 프로젝트의 1단계를 건설하기 위한 최종 자본 구성 요소를 제공하며, 첫 번째 리튬 염화물 생산은 H1 2026에 예정되어 있습니다. Galan은 부채 없음으로 강한 재무 상태를 보고하고, 조건 선행 충족 시 Authium 선취매 시설로 미화 600만 달러를 인출할 수 있습니다. Clean Elements는 연말까지 Ofer Amir가 비상임 이사로 임명되어 이사회에 자리를 얻게 됩니다.
Galan Lithium (OTC:GLNLF) a confirmé l'achèvement anticipé d'un placement de 20 millions d'A$ par Clean Elements, la deuxième tranche de 10 millions d'A$ ayant été reçue le 5 novembre 2025. Les fonds constituent la dernière composante d'apport en fonds propres pour financer la construction de la Phase 1 du projet de saumure lithiumaire Hombre Muerto West en Argentine, la première production de chlorure de lithium étant toujours prévue pour le 1er semestre 2026. Galan indique une situation financière solide sans dette et la possibilité de puiser dans une facilité d'acompte Authium de 6 millions de dollars US, sous réserve des conditions préalables. Clean Elements obtiendra un siège au conseil avec Ofer Amir nommé Administrateur Non Exécutif avant la fin de l'année.
Galan Lithium (OTC:GLNLF) bestätigte die frühzeitige Durchführung einer Platzierung von A$20 Millionen durch Clean Elements, wobei die zweite Tranche über A$10 Millionen am 5. November 2025 empfangen wurde. Die Mittel bilden die letzte Eigenkapitalkomponente zur Finanzierung des Baus von Phase 1 des Lithium-Sole-Projekts Hombre Muerto West in Argentinien, wobei die erste Produktion von Lithiumchlorid weiterhin für das 1. Halbjahr 2026 geplant ist. Galan meldet eine starke Bilanz ohne Schulden und die Möglichkeit, eine Authium-Vorauszahlungslinie in Höhe von US$6 Millionen abzurufen, vorbehaltlich der jeweiligen Voraussetzungen. Clean Elements wird einen Sitz im Vorstand erhalten, Ofer Amir wird bis Jahresende als Nicht-Executive Director ernannt.
Galan Lithium (المدرج OTC:GLNLF) أكّدت استكمالاً مبكّراً لطرح من Clean Elements بقيمة 20 مليون دولار أسترالي، حيث تم استلام الشريحة الثانية بقيمة 10 ملايين دولار أسترالي في 5 نوفمبر 2025. توفر العائدات المكون الأخير من رأس المال لتمويل بناء المرحلة 1 من مشروع الملح / كلوريد الليثيوم Hombre Muerto West في الأرجنتين، مع بقاء إنتاج أول لكلوريد الليثيوم مخطط له لـ النصف الأول من 2026. تبلغ Galan عن وضع مالي قوي بلا ديون وإمكانية سحب تسهيلات سداد مسبقة من Authium بقيمة 6 ملايين دولار أمريكي، رهناً بالشروط المسبقة. ستحصل Clean Elements على مقعد في مجلس الإدارة مع تعيين عوفر أمير كمدير غير تنفيذي قبل نهاية السنة.
- A$20 million placement completed by Clean Elements
- Funded for Phase 1 construction at Hombre Muerto West
- First lithium chloride production still on track for H1 2026
- No corporate debt reported on balance sheet
- Access to US$6 million Authium offtake prepayment facility
- Clean Elements board appointment strengthens investor support
- Ability to draw US$6 million prepayment facility is subject to conditions precedent
- Next development phases will require a project financing process
PERTH, AU / ACCESS Newswire / November 5, 2025 / Galan Lithium Limited (ASX:GLN) ("Galan" or the "Company") is pleased to advise that it has now received the second and final A
The proceeds provide the final equity component required to fund construction of Phase 1 of the Company's Hombre Muerto West ("HMW") lithium brine project in Argentina, where first lithium chloride production remains on track for H1 2026. Galan has a strong balance sheet with no debt and the ability to draw on the US
Galan Managing Director, Juan Pablo ("JP") Vargas de la Vega, commented:
"Completion of this strategic investment by Clean Elements marks another major milestone for Galan. We are now funded for construction at Hombre Muerto West and can move forward with confidence into the execution phase.
The Clean Elements team has been a supportive and value-aligned partner throughout this process. Their decision to increase their exposure to HMW speaks volumes about the quality of the asset and our team's ability to deliver. This transaction cements Galan's position as one of the few ASX-listed lithium developers successfully moving into production."
Clean Elements Chairman, Ofer Amir, added:
"We are delighted to complete this investment and strengthen our partnership with Galan Lithium. Based on our technical due diligence, Hombre Muerto West represents the most compelling advanced lithium brine project globally, with the right combination of grade, purity, scale and execution capability.
We see this as the beginning of a long-term relationship and look forward to supporting Galan as it delivers first production and expands towards its long-term growth targets."
With the completion of this investment, Mr Ofer Amir will be appointed to the Board of Galan as a Non-Executive Director before the end of the year. Ofer Amir holds a degree in Business Administration and Finance from Ben Gurion University in Israel. With extensive experience in investment banking and business development, Ofer has held key positions, including Hedge Fund Manager and Trader/Analyst at Ofek Securities. He is a seasoned entrepreneur with a strong track record as a private investment banker, having successfully launched and managed multiple companies across diverse sectors, such as high-tech, biotech, aviation, agri-tech, gaming, and mining.
Galan Chairman Richard Homsany, commented:
"We welcome the early receipt of the final tranche of the Clean Elements' investment and it is a pleasure to welcome Mr Amir to Galan's Board. Mr Amir's extensive experience in international capital markets will be greatly valued by Galan as we move to progress beyond Phase 1 of HMW and undertake a project financing process for our next phases of growth."
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 |
About Galan
Galan Lithium Limited (ASX:GLN) is an ASX-listed lithium exploration and development business. Galan's flagship assets comprise two world-class lithium brine projects, HMW and Candelas, located on the Hombre Muerto Salar in Argentina, within South America's 'lithium triangle'. Hombre Muerto is proven to host lithium brine deposition of the highest grade and lowest impurity levels within Argentina. It is home to the established El Fenix lithium operation, Sal de Vida (both projects are operated by Rio Tinto) and Sal de Oro (POSCO) lithium projects. Galan also has exploration licences at Greenbushes South in Western Australia, closest to and just south of the Tier 1 Greenbushes Lithium Mine.
About Clean Elements
Clean Elements is a private holding company specifically founded to pursue the development of high performing lithium assets in Argentina and globally. Clean Elements has a successful track record in investing in lithium brine assets, notably completing a financing transaction with NOA Lithium in 2024 (TSXV.NOAL). Clean Elements is partnered with Swiss financial expert firm ISP Securities Ltd., part of the ISP Group, who is a leading Swiss financial service provider specializing in wealth management, asset management, securitisation and trading services. ISP Group has companies in Switzerland (Zurich and Geneva), Dubai, Hong Kong, and Israel.
SOURCE: Galan Lithium Limited
View the original press release on ACCESS Newswire
FAQ
What did Galan Lithium (GLNLF) announce on November 5, 2025?
How will the A$20 million placement affect Hombre Muerto West (HMW) Phase 1?
When is Galan targeting first production at Hombre Muerto West (GLNLF)?
Does Galan Lithium (GLNLF) have debt after the placement?
What additional financing options does Galan (GLNLF) have?
Who will join Galan's board following the transaction and when?
