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Bulls N' Bears 16 Apr 2025

Galan slashes costs, secures funding for Argentina lithium production

Galan Lithium has announced a transformation partnership with US lithium expert Authium for a funding and offtake package that will propel its Hombre Muerto West lithium brine project toward first production. The deal includes a fully funded and operated plant to be supplied by Authium, eliminating a substantial US$41.5 million (A$65.5M) in capital expenditure for Galan.

Bulls N' Bears 29 Jan 2025

138pc resource lift enhances potential of Galan Argentina lithium project

Galan Lithium has extended a 2019 resource estimate for its Candelas resource in Argentina from 685kt lithium carbonate equivalent to 1634kt LCE, an impressive rise of more than 138 per cent. Upgraded estimates put the Candelas LCE resource at an indicated 1284kt and an inferred 350kt, for a total 1634kt, boosting Galan's total combined resource for its Candelas and Hombre Muerto West projects to a world-class 9501kt LCE.

Bulls N' Bears 06 Jan 2025

Galan secures go-ahead to expand Argentina lithium production

Galan Lithium has secured phase two permitting for its Hombre Muerto West and Candelas lithium brine projects in Argentina's world-class Lithium Triangle. The permit allows for expanded production of up to 21,000 tonnes per annum of lithium carbonate equivalent and sets the stage for Galan to scale its operations in line with a predicted lithium market bounce back.

Bulls N' Bears 10 Sep 2024

Galan raises $25m for Argentinian lithium production plans

Galan Lithium has rung the till for AU$25 million from a placement and a rights issue to support the completion of the first phase of lithium production from its Hombre Muerto West project in Argentina in 2025. The capital raise includes a firm commitment for AU$12 million through a placement at 10.5c per share and a non-renounceable entitlement offer aimed at raising an additional AU$13.3 million.

Bulls N' Bears 27 Aug 2024

Galan sets up funding, offtake option for Argentina lithium

Galan Lithium has signed a memorandum of understanding with China-based Chengdu Chemphys Chemical Industry Co., paving the way for a US$40 million funding and offtake package at its Hombre Muerto West lithium brine project in Argentina. The package, subject to due diligence, will be in exchange for a five-year purchase agreement for Galan to deliver a total of 23,000 tonnes of lithium carbonate equivalent material.

Bulls N' Bears 12 Jul 2024

Galan lithium inventory grows, key partnership deal nears

With its phase one ponds at 60 per cent capacity, Galan Lithium says its stocks at the Hombre Muerto West project in Argentina have grown to 2800 tonnes of lithium carbonate equivalent. With the project's construction stage reaching 40 per cent completion, the company has also today confirmed that is has moved closer to selecting potential offtake and funding partners for the operation.

Bulls N' Bears 29 Apr 2024

Galan inventory building at Argentine lithium brine project

Galan Lithium says it already has a contained inventory of 1000 tonnes of lithium carbonate equivalent at its Hombre Muerto West project in Argentina as the initial evaporation process at the site builds steam. The company says about a third of the overall project has been completed, with total pond construction at 45 per cent and the first two evaporation ponds operating.

Bulls N' Bears 22 Apr 2024

Galan signs crucial deal to sell Argentine lithium chloride

Galan Lithium has taken a major step towards selling product from its Hombre Muerto West lithium brine project in Argentina both locally and internationally after signing a crucial new deal with the Catamarca Government. Managing director Juan Pablo Vargas de la Vega and Catamarca Governor Raúl Jalil signed a commercial agreement that supports the grant of permits for the commercialisation of Galan's lithium chloride concentrate.

Bulls N' Bears 27 Mar 2024

Galan lifts Argentine lithium resource to 8.6 million tonnes

Galan Lithium has lifted the resource estimate for its 100 per cent-owned Argentine Hombre Muerto West lithium project to 8.6 million tonnes contained lithium carbonate equivalent at 859 mg/l lithium. The significant increase, the fourth since March 2020, amounts to an 18 per cent uplift in tonnes alongside another uptick in grade improving what was already one of the highest grade brine estimates in the country.

Bulls N' Bears 19 Mar 2024

Galan splashes into second Argentine lithium pool

Galan Lithium has continued to ramp up its Hombre Muerto West lithium chloride project in Argentina, with evaporation in its first pond continuing, a second now filling up and construction of a third well underway. The company says the first pond already contains about 500 tonnes of lithium carbonate equivalent, with production planned to start in the first half of next year.

Bulls N' Bears 11 Mar 2024

Galan secures new tenement near historic Greenbushes mine

Galan Lithium has expanded its holdings near the world-class Greenbushes mine to 315 square kilometres after it received an exploration licence for a new tenement less than 30km south of the Western Australian lithium operation. Adding more than 40sq km to its current Greenbushes South project, the company says its latest acquisition contains historical tin workings associated with lithium-bearing pegmatites.

Bulls N' Bears 27 Feb 2024

Galan kicks off lithium brine evaporation phase in Argentina

Galan Lithium says it has set the evaporation process in motion at its Hombre Muerto West lithium brine project in Argentina, with the earthworks and lining of its first pond officially complete. The company is targeting first-phase lithium chloride production at the operation in the first half of next year and continues to tick off key infrastructure milestones.

Bulls N' Bears 23 Jan 2024

Galan hits big milestone ahead of lithium production

Galan Lithium says it is just two weeks away from beginning the evaporation process at its Hombre Muerto West lithium brine project in Argentina with the initial filling of its first pond underway. The move marks the first major step of the long-term production schedule for the project where Galan is aiming to produce high-grade concentrate of up to 6 per cent lithium by the first half of 2025.

Bulls N' Bears 09 Jan 2024

Galan reveals silver lining at Argentine lithium project

Galan Lithium is making impressive progress with the construction of its wholly-owned Hombre Muerto West lithium brine project in Argentina, with its first evaporation pond almost complete and liner installation underway. Filling the initial pond is expected this quarter, with the evaporation process for the operation – the first major step of the company's long-term production schedule – set to begin in the coming months.

Bulls N' Bears 21 Dec 2023

Galan on schedule for 2025 Argentine lithium production

Galan Lithium is on track to install the first pond of its Hombre Muerto West lithium brine project in Argentina before the end of the year, with 85 per cent of the construction process now complete. The initial filling of the pond is expected by the first quarter of next year and the project remains on track for maiden production in the first half of 2025.

Bulls N' Bears 06 Dec 2023

Galan on track for Argentine lithium brine production

Galan Lithium is on schedule for initial production at its Hombre Muerto West lithium project in Argentina by the first half of 2025, with construction of its first evaporation pond now 65 per cent complete. Pond liners have arrived on-site and installation is set to begin this month, ahead of filling the pools in next year's first quarter.

Bulls N' Bears 29 Nov 2023

Galan fills partner dance card for Argentine lithium project

Galan Lithium says it has received several partnership approaches for offtake and strategic financing for the second-phase development of its Hombre Muerto West lithium brine project in Argentina. The interest follows a phase-one offtake and financing agreement with mining giant Glencore, with management saying the volume of direct enquiries highlights the strength of the long-term lithium market.

Bulls N' Bears 16 Nov 2023

Galan scores offtake deal with mining giant Glencore

Galan Lithium has secured a binding offtake agreement with mining giant Glencore for the supply of up to 100 per cent of lithium products from phase-one production at its Hombre Muerto West project in Argentina. As a sweetener to the deal, Glencore has offered to provide a secured financing prepayment facility for US$70 million (AU$107 million) up to US$100 million (AU$154 million), subject to conditions.

Bulls N' Bears 04 Oct 2023

Galan snatches up white-hot Canadian lithium projects

Galan Lithium and ASX-listed joint venture partner Redstone Resources have snatched up a pair of exclusive projects in two of Canada's premier lithium provinces – a 5400-hectare patch in the rapidly-emerging James Bay region that is home to Patriot Battery Metals' gigantic Corvette deposit, and a 1400ha lot in Ontario's evolving “Electric Avenue”, which houses Frontier Metals' massive PAK lithium discovery.

Bulls N' Bears 03 Oct 2023

Galan to churn out AU$588m a year for 40 years in Argentina

Galan Lithium has upped the ante, with its phase-two DFS into its Hombre Muerto West project in Argentina projecting an annual average EBITDA of US$374 million (AU$588 million) for an astounding 40 years. Hot off the heels of its phase-one DFS, the company is looking to boost production at its flagship project, which is estimated to deliver a whopping US$2 billion (AU$3.1 billion) NPV.

Bulls N' Bears 28 Aug 2023

Galan hits record lithium production grades in testing

Galan Lithium has set a new record at its Hombre Muerto West project in Argentina's world-renowned “Lithium Triangle”, pumping 981 milligrams per litre of lithium brine at 15 litres per second during testing. At the company's Catalina tenement, the first diamond hole hit 300m of highly-fractured rock flowing at 6 litres per second following airlift, with fluid density of about 1216 grams per cubic centimetre.

Bulls N' Bears 21 Aug 2023

Galan kicks off solar pond construction in Argentina

Phase-one construction of Galan Lithium's first 205,000-square-metre solar evaporation pond has kicked-off at the company's Hombre Muerto West project in Argentina's renowned “Lithium Triangle”. Management expects the pond to be complete and filled with brine by next year's first quarter and then to be producing a 6 per cent lithium chloride concentrate by the first half of 2025.

Bulls N' Bears 02 Aug 2023

New Argentinian ground boosts Galan resource prospects

Galan Lithium says its new Catalina tenement in Argentina's “Lithium Triangle” could add between 500,000 and 1.5 million tonnes of lithium carbonate equivalent at between 953 and 988 milligrams per litre lithium to its Hombre Muerto West resource. Management says a well-drilled 500m to the south of Catalina hit lithium grades in the target range and believes it may extend into its exclusively-owned ground.

Bulls N' Bears 28 Jul 2023

Galan in pole position for Catalina lithium pay

Galan Lithium has revealed details of a deal which it says has given it exclusive ownership of the vast Catalina tenements at its Hombre Muerto West lithium project within South America's “Lithium Triangle”. Management says it has secured ownership of the Argentinian ground that has been at the centre of a long-standing dispute by issuing 9.76 million shares to the private owner.

Bulls N' Bears 24 Jul 2023

Galan produces lithium concentrate sample at Argentine play

Galan Lithium says it has produced a premium-quality lithium chloride concentrate from its Hombre Muerto West project pilot plant in Argentina, with samples ready to distribute to potential offtake partners. The company's concentrate product contains 6 per cent lithium – comparable to 13 per cent lithium oxide or 31.9 per cent lithium carbon equivalent.

Bulls N' Bears 03 Jul 2023

Galan to make AU$124m a year from lithium play for 40 years … and that’s just phase one

Galan Lithium's DFS shows its Hombre Muerto West lithium brine play in Argentina churning out an average annual EBITDA of AU$124 million a year for 40 years … and that's just “phase one”. The company says initial annual production targeting a high-quality lithium chloride product will deliver a US$460 million (AU$692 million) net present value and pave the way to fund further significant expansions.

Bulls N' Bears 26 Jun 2023

Galan gets green light for lithium project development

Galan Lithium has kicked off pre-construction activities at its Hombre Muerto West lithium brine project in Argentina after being granted its development permits by the local Mines Department Minister. The permit allows the company to start the commissioning of its new camp, begin removal of top-soil and enter preliminary testing activities for securing the ground quality.

Bulls N' Bears 22 May 2023

Galan Lithium fills pockets with $31.5 million raise

Galan Lithium has filled its coffers to the tune of $31.5 million from an institutional placement priced at $1.05 per share to help drive development at its Hombre Muerto West lithium brine project in Argentina. It says the funds will be used to purchase long lead items for its proposed lithium carbonate pilot plant and the stage-two definitive feasibility study at the project.

Bulls N' Bears 01 May 2023

Argentinian lithium brine resource “world class”: Galan

Galan Lithium has labelled its beefed-up resource “world class”, with 6.6 million tonnes of lithium carbonate equivalent at 880 milligrams per litre lithium at its Hombre Muerto West project in Argentina. Management says it is the third significant resource upgrade in three years and 72 per cent of the new figure sits in the higher “measured” category, representing 4.7 million tonnes grading 873 mg/l lithium.

Bulls N' Bears 06 Mar 2023

Galan gets drilling at Greenbushes lithium project

Galan Lithium has kicked off a 2500m drilling program targeting lithium-bearing pegmatites. The campaign at its Greenbushes South lithium project is just 3km from the world-class Greenbushes lithium mine in WA. In August last year the company's soil sampling and geophysical survey at the site uncovered a number of anomalies demanding further investigation.

Bulls N' Bears 27 Feb 2023

Galan all set to drill Greenbushes South

ASX-listed Galan Lithium is set to spin the drill rods at its wholly-owned Greenbushes South project after approval for the company's submitted Program of Works. The Greenbushes South Project tenement is located within spitting distance of the famed Greenbushes lithium mine and the initial campaign will see approximately 2,500 metres of drilling test the first of several key targets.

Bulls N' Bears 08 Feb 2023

Galan secures second major Argentinian lithium project

Galan Lithium has secured 100 per cent ownership of the Candelas lithium brine project in Argentina, only 40kms from its developing Hombre Muerto West project. The company has completed the payment for the final instalment of a options agreement. A preliminary economic assessment completed in late 2021 tabled a stunning set of numbers that shows its Candelas project will make $270m a year for 25 years for a net present value of $1.76b.

Bulls N' Bears 16 Jan 2023

Galan Lithium confirms high output at Argentinian brine

After completing a successful round of lithium brine pumping tests at its Hombre West project in Argentina, Galan Lithium has confirmed the high production capabilities at its Pila and Rana del Sal concessions. The program delivered a suite of robust extraction and production chemistry data that bodes well for the company's soon-to-be-completed definitive feasibility study which aims to evaluate production at the site.

Bulls N' Bears 20 Dec 2022

Galan Lithium closes in on maiden WA probe

An approval for a program of works is now the only thing preventing Galan Lithium from launching a maiden five-hole diamond drilling program at its newly defined Fry's Block area, part of its larger Greenbushes South lithium project in WA. The campaign is expected to kick off in January and follows the discovery of three compelling pegmatite targets through fieldwork, geochemical analysis and a geophysical data review.

Bulls N' Bears 13 Dec 2022

Galan inks $3m deal for full control of WA lithium play

Galan Lithium will gain full control of the Greenbushes South lithium project on the edge of the world class Greenbushes Lithium Mine after shaking hands on a $3 million purchase of joint venture p

Bulls N' Bears 22 Nov 2022

Galan delivers more stellar Argentinian lithium results

Further flow rate pump test results from Galan Lithium's Hombre Muerto West lithium brine project in Argentina are believed to support the company's ambitions to ramp-up pilot plant production to 4ktpa lithium carbon equivalent. With work progressing at a breakneck pace on multiple fronts, Galan is set to ring in the new year by delivering on its definitive feasibility study by the end of the first quarter.

Bulls N' Bears 02 Nov 2022

Galan looks to up-size lithium brine pilot

Galan Lithium has submitted an application to scale up the piloting stage of the company's flagship Hombre Muerto West lithium brine project in Argentina that sits within South America's Lithium Triangle. The proposed semi-commercial test run is anticipated to produce up to 4000 tonnes of lithium carbonate equivalent per annum in the form of a high-quality 6 per cent lithium concentrate.

Bulls N' Bears 24 Oct 2022

Galan Lithium books massive 2.5 times resource upgrade

Shares in Galan Lithium surged 30 per cent higher during intraday trading following a game-changing increase of more than 150 per cent to the mineral resource of its flagship Hombre Muerto West project in Argentina. The revised estimate now tips the scales at 5.8 million tonnes of contained lithium carbonate equivalent grading 866 milligrams per litre - a staggering 2.5 times increase from the previous figure.

Bulls N' Bears 19 Sep 2022

Galan to establish Argentinian camp ahead of lithium production

Galan Lithium has taken a vital step in establishing itself as South America's next battery metals producer after lodging an application to establish a permanent 200-person camp at its flagship Hombre Muerto West brine project in Argentina. The company plans to launch commercial production in 2025 and will initially use the facility to accommodate the operation's construction workforce.

Bulls N' Bears 01 Aug 2022

Galan mapping program unveils more WA pegmatites

Geological mapping at Galan Lithium's Greenbushes South project in WA's South West has led to the discovery of a significant new pegmatite outcrop that runs over 500m in strike length and alluringly remains open. The campaign follows previous exploration at the site that unveiled the operation's first pegmatite lens in a highly prospective area coined “GS11”.

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