Galan Lithium Secures Phase 2 Permit and Boosts Resources Ahead of 2026 Production

• Phase 2 mining permit granted for Hombre Muerto West, enabling up to 21,000 tpa LCE production
• Candelas project mineral resource upgraded to 1.634 Mt LCE, lifting total resources to 9.5 Mt LCE
• Phase 1 production target adjusted to 4,000 tpa LCE with first output expected in H1 2026
• US$3 million placement from Chemphys supports funding runway amid ongoing financing talks