Galan Lithium focuses on high-grade lithium brine extraction to produce lithium chloride concentrate for lithium iron phosphate batteries. It uses traditional brine extraction techniques and a phased development strategy at Hombre Muerto West: Phase 1 to produce 5.4 ktpa of LCE and Phase 2 to expand to 21 ktpa, employing processing technology to deliver high-purity lithium products for electric vehicle batteries and energy storage systems.
High-purity lithium chloride concentrate; planned LCE production capacities of 5.4 thousand tonnes per annum (Phase 1) and 21 thousand tonnes per annum (Phase 2) at the Hombre Muerto West project.
Hombre Muerto West project: first evaporation pond 65% complete as of January 2025, pond filling planned Q1 2024, initial production H2 2025. October 2024 share placement raised US$25 million (including US$3 million from Chengdu Chemphys) and secured a five-year offtake agreement for 23 000 t LCE with a US$40 million prepayment facility. Also developing Candelas in Argentina and Greenbushes South in Western Australia.
Key investors include Sprott Funds Trust; Regal Funds Management Pty Ltd (4.3%); Juan Pablo Vargas de la Vega (3.0%); Havelock Mining Investment Ltd (2.5%); L1 Capital Pty Ltd; Konwave AG; and Chengdu Chemphys Chemical Industry, which invested $3M in October 2024.
