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Galan Lithium Limited ( (AU:GLN) ) has provided an announcement.
Galan Lithium Limited has received the full Phase 2 mining permit for its Hombre Muerto West (HMW) project, allowing the company to expand production up to 21,000 tonnes per annum of lithium carbonate equivalent. This development solidifies Galan’s relationship with local authorities in Catamarca, Argentina, and positions the company within the first quartile of the lithium industry’s cost and emissions curves. The permit supports Galan’s application for Argentina’s new incentive regime for large-scale investments, highlighting the company’s commitment to economic and environmental sustainability, and its focus on local employment and training opportunities.
More about Galan Lithium Limited
Galan Lithium Limited is a company in the lithium industry, primarily focused on the production of lithium chloride from its Hombre Muerto West (HMW) brine project in Argentina. The company is positioning itself as a significant player in the global lithium supply market, with a focus on sustainable practices and local community engagement.
YTD Price Performance: 14.29%
Average Trading Volume: 20,479
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €64.38M
See more data about GLN stock on TipRanks’ Stock Analysis page.
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