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Galan Lithium Limited ( (AU:GLN) ) has provided an update.
Galan Lithium Limited has announced a significant increase in its Mineral Resource Estimate for the Candelas Project in Argentina, boosting its resources by over 150% to 1.6 Mt LCE. This growth positions Galan among the top 10 lithium production and construction projects globally, enhancing its strategic market position and offering greater potential for project commercialization and development. The increase in resources supports Galan’s plans for completing phase 1 of financing and construction at the Hombre Muerto West project, leveraging common infrastructure for further development.
More about Galan Lithium Limited
Galan Lithium Limited is an Australian company operating in the lithium industry, focusing on exploration and development of lithium brine projects. The company’s primary market focus is on lithium carbonate equivalent (LCE) resources, with significant projects located in Argentina.
YTD Price Performance: -1.35%
Average Trading Volume: 28,040
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €53.58M
Learn more about GLN stock on TipRanks’ Stock Analysis page.
