Galan Lithium (GLN) - $15M Focused on Delivering Feasibility Study

Matthew Gordon,
Ptolemy Capital

1 Month ago

Interview with Juan Pablo Vargas de la Vega, Managing Director of Galan Lithium (ASX: GLN) Galan Lithium is an ASX listed, Australian based, international mining company developing lithium brine projects within South America’s Lithium Triangle on the Hombre Muerto Salar in Argentina. We wanted to catch up with the company to discuss the recent PEA at Hombre Muerto and to discuss the recent raise. With close to $15M in the bank, the company plans to initiate a Feasibility Study at Hombre Muerto, dependent on the results of the brine samples. This will cost AUD$8M and take around 12 months to complete. Once the FS has been delivered, they will look for funding to cover the project Capex and head into production.

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