Galan’s Funding Win Raises Stakes Ahead of Hombre Muerto West Production Launch

Strategic Funding Milestone Achieved

Galan Lithium Limited has announced the early completion of a $20 million strategic placement with Clean Elements Fund, receiving the final $10 million tranche ahead of schedule. This injection of capital fully finances the construction of Phase 1 at the Hombre Muerto West (HMW) lithium brine project in Argentina, a key asset within the globally significant Lithium Triangle.

With this funding secured, Galan is positioned to advance confidently into the execution phase of its development plan. The company remains on track to commence first lithium chloride production in the first half of 2026, a critical milestone that will transition Galan from exploration to production.

Partnership Strengthens Confidence

Clean Elements’ decision to increase its exposure to HMW underscores the perceived quality and potential of the project. The fund’s chairman, Ofer Amir, praised the project’s combination of grade, purity, scale, and execution capability, calling it one of the most compelling lithium brine assets globally. This strategic partnership not only brings capital but also expertise, with Amir set to join Galan’s board as a Non-Executive Director before year-end.

Galan’s Managing Director, Juan Pablo Vargas de la Vega, highlighted the alignment of values and support from Clean Elements, noting that their investment cements Galan’s position as one of the few ASX-listed lithium developers advancing towards production.

Financial Strength and Growth Prospects

The company boasts a strong balance sheet, free of debt, and has access to a $6 million offtake prepayment facility with Authium, subject to conditions. This financial flexibility provides additional support as Galan progresses through construction and prepares for future phases of growth.

Looking beyond Phase 1, Galan’s chairman Richard Homsany emphasized the value that Amir’s international capital markets experience will bring, particularly as the company plans to undertake project financing for subsequent development stages.

Resource Base and Market Position

Galan’s Hombre Muerto West and Candelas projects collectively hold a substantial lithium resource, with measured and indicated categories totaling nearly 1,800 kilotonnes of lithium in situ. The Hombre Muerto Salar region is renowned for its high-grade, low-impurity lithium brines, hosting established operations by major players such as Rio Tinto and POSCO.

This resource base, combined with the secured funding and strategic partnerships, positions Galan as a rising contender in the lithium sector, particularly as global demand for lithium-ion batteries continues to surge.