Article

Galan Lithium Ltd. has successfully raised A$40 million through an institutional placement to fund a 30% expansion of its Hombre Muerto West Phase 1 production capacity, increasing it from 4 ktpa LCE to 5.2 ktpa LCE. The funds will also support exploration at Greenbushes South, with first production expected in the first half of 2026. The equity raising involves approximately 86.6 million shares for institutional investors and 13.4 million shares for major shareholder Clean Elements and directors, pending shareholder approval.