Galan Lithium Limited: SUCCESSFUL DUE DILIGENCE COMPLETED - $20M PLACEMENT TO PROCEED
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.
Galan Lithium Limited (GLNLF) ha completato con successo tutte le condizioni per un placement da 20 milioni di dollari con Clean Elements Fund. Il finanziamento sarà erogato in due tranche uguali da 10 milioni di dollari ciascuna: la prima verrà liquidata entro 5 giorni lavorativi e la seconda entro il 22 novembre 2025.
La due diligence ha confermato che Hombre Muerto West (HMW) è un progetto di livello mondiale, con la salamoia di litio dalla più alta concentrazione in Argentina e il profilo di impurità più basso. I fondi permetteranno a Galan di completare la Fase 1 delle opere a HMW, con l'obiettivo di ottenere il primo concentrato di cloruro di litio nella prima metà del 2026 e una capacità di 4 ktpa LCE.
Galan Lithium Limited (GLNLF) ha completado con éxito todas las condiciones para un placement de 20 millones de dólares con Clean Elements Fund. La operación se efectuará en dos tramos iguales de 10 millones de dólares cada uno; el primer tramo se hará efectivo en un plazo de 5 días hábiles y el segundo antes del 22 de noviembre de 2025.
La diligencia debida confirmó que Hombre Muerto West (HMW) es un proyecto de litio de clase mundial, con la salmuera de mayor ley en Argentina y el perfil de impurezas más bajo. La financiación permitirá a Galan completar la Fase 1 en HMW, con la meta de producir el primer concentrado de cloruro de litio en la primera mitad de 2026 y una capacidad de 4 ktpa LCE.
Galan Lithium Limited (GLNLF)는 Clean Elements Fund와의 2,000만 달러 배정(placement)에 대한 모든 조건을 성공적으로 충족했습니다. 자금은 각각 1,000만 달러씩 두 번에 나뉘어 제공되며, 첫 번째 트랜치는 영업일 기준 5일 이내에 정산되고 두 번째는 2025년 11월 22일까지 정산됩니다.
실사 결과 Hombre Muerto West(HMW)는 세계적 수준의 리튬 프로젝트로 확인되었으며, 아르헨티나에서 가장 높은 금리의 리튬 브라인과 가장 낮은 불순물 프로필을 보유하고 있습니다. 이번 자금은 Galan이 HMW의 1단계 건설을 완료하도록 지원하며, 2026년 상반기에 최초의 염화리튬 농축물 생산을 목표로 하고 생산능력은 연간 4 ktpa LCE입니다.
Galan Lithium Limited (GLNLF) a rempli avec succès toutes les conditions pour un placement de 20 millions de dollars avec le Clean Elements Fund. Le placement se déroulera en deux tranches égales de 10 millions de dollars chacune : la première sera réglée sous 5 jours ouvrables et la seconde d'ici le 22 novembre 2025.
La due diligence a confirmé que Hombre Muerto West (HMW) est un projet lithiumier de classe mondiale, présentant la saumure la plus concentrée d'Argentine et le profil d'impuretés le plus faible. Le financement permettra à Galan d'achever la phase 1 des travaux à HMW, visant la première production de concentré de chlorure de lithium au premier semestre 2026 avec une capacité de 4 ktpa LCE.
Galan Lithium Limited (GLNLF) hat alle Bedingungen für ein 20-Millionen-Dollar-Placement mit dem Clean Elements Fund erfolgreich erfüllt. Die Finanzierung erfolgt in zwei gleichen Tranchen zu je 10 Millionen Dollar; die erste Tranche wird innerhalb von 5 Werktagen ausgezahlt, die zweite bis zum 22. November 2025.
Die Due-Diligence bestätigte Hombre Muerto West (HMW) als ein Lithiumprojekt von Weltklasse mit der höchsten Lithiumbrinen-Konzentration in Argentinien und dem geringsten Verunreinigungsprofil. Die Mittel ermöglichen Galan den Abschluss der Bauarbeiten für Phase 1 in HMW und zielen auf die erste Produktion von Lithiumchlorid-Konzentraten in der ersten Hälfte 2026 mit einer Kapazität von 4 ktpa LCE ab.
- Secured $20 million placement at a premium to prevailing share price
- Project validated as highest grade lithium brine in Argentina with lowest impurity profile
- Fully funded to complete Phase 1 construction with 4ktpa LCE capacity
- Superior lithium recovery rates compared to other brine projects
- Low-cost evaporation process positions company for high-margin production
- Production not expected until H1 2026
- Second tranche payment of $10 million delayed until November 2025
Highlights:
- All conditions in relation to the
$20 million - Due diligence undertaken by Clean Elements Fund validates the standing of Hombre Muerto West (HMW) as a world class lithium project, offering exceptional scale and grade.
- Galan is now fully funded to complete the construction of Phase 1 at HMW (at 4ktpa LCE) with first production of lithium chloride concentrate planned during H1 2026.
The Placement, which was undertaken at a significant premium to the prevailing share price when originally announced, was subject to certain conditions including shareholder approvals (received at a General Meeting held on Friday, 22 August 2025) as well as the satisfactory completion by Clean Elements of technical and legal due diligence in respect of the Company and HMW in Argentina.
Clean Elements has advised that all conditions to the Placement have been satisfied. As such, the Placement will now proceed to settlement, providing Galan with the funding required for the finalisation of the HMW Phase 1 construction over the remainder of the 2025 calendar year, with first production of lithium chloride concentrate scheduled for H1 2026.
Settlement will take place in two equal tranches of
Managing Director, Juan Pablo Vargas de la Vega, commented: "With the support of Clean Elements, Galan now has the funding certainty to complete Phase 1 construction at HMW and is firmly on track to deliver first lithium chloride concentrate production in H1 2026.
The due diligence undertaken by Clean Elements Fund has confirmed, what we at Galan already know – HMW is an exceptional lithium project, combining substantial scale and grade with execution capability that places it among the best globally.
The team at Galan remains focussed on advancing project delivery at HMW and we look forward to creating significant long-term value for shareholders as we progress towards production."
Clean Element's Chairman, Ofer Amir, commented: "We are thrilled to confirm a binding and unconditional commitment to complete both tranches of the placement—an outcome that underscores strong confidence in Galan's strategic direction.
Our specialist lithium brine adviser highlighted that HMW is the premier lithium brine resource globally. HMW's brine is the highest grade in
This exceptional resource quality enables a low-cost, evaporation process—positioning Galan to become a high-margin, globally competitive lithium producer. In our view, Galan will not just be participating in the lithium market; it will be setting a new benchmark."
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 |
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SOURCE Galan Lithium Limited
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