Galan Lithium Ltd is an Australian Securities Exchange (ASX) listed mining company specializing in lithium exploration and development. Operating under the ticker GLN, the company owns two major lithium brine projects in Argentina’s prestigious lithium triangle: Hombre Muerto West (HMW) and Candelas. Both projects are fully owned by Galan and are distinguished by their high-grade lithium content with minimal impurities. The company also maintains operations in Western Australia through its Greenbushes South project, strategically positioned near the renowned Greenbushes Lithium Mine. With approximately 8.6 million tonnes of lithium carbonate equivalent (LCE) resources and grades of 859 mg/l across its Argentine projects, Galan Lithium is positioned to become a significant contributor to the global lithium supply chain.
Battery Technology
Galan Lithium’s technical focus centers on developing high-grade lithium brine projects that produce lithium chloride (LiCl) concentrate. This product is essential for manufacturers of lithium iron phosphate (LFP) batteries, which are increasingly popular in electric vehicles due to their improved safety features and absence of cobalt and nickel. The company’s production methods utilize traditional brine extraction techniques rather than experimental direct lithium extraction technologies, ensuring reliable and cost-effective operations.
The HMW project, scheduled to begin production in early 2025, will implement a two-phase development strategy. Phase 1 aims to produce 5.4 thousand tonnes of LCE annually, while Phase 2 will expand capacity to 21 thousand tonnes per year. This structured approach allows for controlled growth while maintaining product quality. The company’s processing technology focuses on creating high-purity lithium products suitable for battery manufacturing, with particular emphasis on meeting the specifications required for electric vehicle batteries and energy storage systems.
Recent Projects
As of January 2025, Galan Lithium has achieved significant progress at its HMW project, with the first evaporation pond reaching 65% completion. The company expects to begin pond filling in Q1 2024, targeting initial production by the second half of 2025. In October 2024, Galan secured US$25 million through a share placement and entitlement offer, including a US$3 million investment from Chengdu Chemphys Chemical Industry. The company also established a significant offtake agreement with Chemphys for 23,000 tonnes of LCE over five years, supported by a US$40 million prepayment facility.
Investors
Galan Lithium maintains a diverse investor base, including institutional and individual shareholders. Notable institutional investors include Sprott Funds Trust, through both its Lithium Miners ETF and Energy Transition Materials ETF. Significant shareholders comprise Regal Funds Management Pty Ltd. (4.306%), Managing Director Juan Pablo Vargas de la Vega (3.026%), and Havelock Mining Investment Ltd. (2.523%). The company has also attracted international investment from L1 Capital Pty Ltd. and Konwave AG, demonstrating strong market confidence in its development strategy.
Business Details
Location: Level 1, 50 Kings Park Road, West Perth, WA 6005, Australia
Website: https://galanlithium.com.au
LinkedIn: https://www.linkedin.com/company/galan-lithium-ltd/
