Galan And Circulor Partner To Commence ESG Traceability For Its Lithium Brine Projects

Galan Lithium Limited (the Company or Galan) is pleased to announce its collaborative partnership with Circulor Ltd (Circulor) to establish full lithium traceability and dynamic CO2 and environmental, social and governance (ESG) tracking for its lithium brine assets, in Argentina's Lithium triangle.


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GALAN TO COMMENCE NEXT DRILLING PROGRAMME AT HOMBRE MUERTO WEST

Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to announce that, following the recent receipt of the next round of drilling permits from the Secretaria de Estado de Minería - Gobierno de Catamarca (the authority that approves drilling permits in Catamarca, Argentina), Galan will commence its next drilling programme over the Hombre Muerto West (HMW) project located on the Hombre Muerto salar in Argentina.

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Galan Completes A$50 million Institutional Placement to Accelerate Development of its Strategic Lithium Projects

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has received firm commitments to raise A$50.0 million through a two-tranche placement to institutional, sophisticated and professional investors (Placement).

The Placement provides the Company with significant flexibility with respect to its ongoing capital expenditure requirements at Hombre Muerto West (HMW), Candelas and Greenbushes South. In particular, proceeds from the Placement will be applied to accelerate:

  • Drilling activities at HMW to establish well fields for production and convert existing Resources to Reserves;
  • Drilling activities at Candelas to convert existing Resources to Reserves;
  • Ongoing exploration activities at Galan's projects at HMW, Candelas and Greenbushes South;
  • Completion of feasibility studies at HWM and Candelas; and
  • General working capital

Canaccord Genuity (Australia) Limited acted as Lead Manager and Bookrunner to the Placement.

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Galan Lithium's Quarterly Activities Report JUNE 2021

The Board of Galan Lithium Limited ("Galan" or "the Company") is pleased to provide this Quarterly Activities Report for the quarter ended 30 June 2021 to the date of this report. The main focus for the quarter was the commencement of foundation feasibility works and the completion of proof-of-concept laboratory testing for its low carbon footprint brine evaporation process at its flagship Hombre Muerto West Project located in the South American Lithium Triangle in Catamarca, Argentina.

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Galan to Initiate Candelas Scoping Study

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is very pleased to announce the imminent commencement of a scoping study for the Company's Candelas project (see Figure 1). Candelas is Galan's second key project and is also located on Hombre Muerto West salt flat (on the southeast) in the well-known South American Lithium Triangle in Catamarca, Argentina.

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