ASX:GLN

2 stories mentioning ASX:GLNUpdated 25d ago

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Galan Lithium Processes First Lithium Brine from Argentina Project

Galan Lithium (ASX:GLN) confirmed the first processed lithium chloride at its fully owned Hombre Muerto West project in Catamarca Province, Argentina, according to a Thursday filing with the Australian bourse.Wet plant commissioning at the project is complete, with an optimization phase now underway targeting the production of lithium chloride concentrate and product sales in the second half of the year, per the filing.The company said it has accumulated a brine inventory of around 10,000 tonnes of lithium carbonate equivalent at the HMW project, providing immediate feedstock for a production ramp-up.Shares of Galan Lithium rose 3% in recent Thursday trade.

ASX:GLN

Asia55d ago

Galan Lithium Reports AU$40 Million Cash Position at March Quarter-End

Galan Lithium (ASX:GLN) reported an AU$40.7 million cash position at the end of the March quarter with no debt, according to a Tuesday Australian bourse filing.The company said plant electrical and mechanical systems testing at its Hombre Muerto West project in Argentina is complete, with the wet commissioning phase set to commence soon.The company will have a brine inventory of about 10,000 tonnes of lithium carbonate equivalent ready for processing by the end of April, with first lithium chloride concentrate targeted in the first half of the year and first shipment in the second half of the year, the filing added.The company has completed its AU$40 million institutional placement at AU$0.41 per share, the filing added.The company's shares rose 2% in recent Tuesday trade.

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