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Galan Lithium Raises A$40M to Boost Hombre Muerto West Output by 30%
9:44am on Thursday 29th of January, 2026 AEDT
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Mining
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Galan Lithium Raises A$40M to Boost Hombre Muerto West Output by 30%
9:44am on Thursday 29th of January, 2026 AEDT
Key Points
A$40 million institutional placement at A$0.41 per share with 2% premium to 5-day VWAP
Directors committed to an additional A$1 million subscription, pending shareholder approval
Phase 1 production capacity to increase from 4 ktpa to 5.2 ktpa lithium carbonate equivalent
Funds allocated for expansion, exploration at Greenbushes South, and working capital
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GALAN LITHIUM (ASX:GLN)
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