An update from Galan Lithium Limited ( (AU:GLN) ) is now available.
Galan Lithium Limited has issued 5,700,000 fully paid ordinary shares under an At-The-Market Subscription Deed, facilitating their on-sale without disclosure under specific exemptions. Additionally, the company received and rejected a US $150 million acquisition proposal from Zhejiang Huayou Cobalt Co., Ltd and the Renault Group, deeming it undervalued and opportunistic. Galan’s board anticipates more favorable outcomes through ongoing offtake and financing arrangements for its Hombre Muerto West project.
More about Galan Lithium Limited
Galan Lithium Limited operates in the mining industry, focusing on the exploration and development of lithium projects. The company is primarily involved in the production of lithium, a key component in battery manufacturing, with a market focus on sustainable energy solutions.
YTD Price Performance: -18.57%
Average Trading Volume: 44,217
Technical Sentiment Signal: Strong Buy
Current Market Cap: €53.84M
Find detailed analytics on GLN stock on TipRanks’ Stock Analysis page.