BOGOTA, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 25.Aug.2025, Words: 209) — Galan Lithium Limited completed the due diligence related to a $20mn share placement to the Clean Elements Fund.
As a result, Galan said on 25 Aug. 2025 in an official statement that all the conditions related to the placement have been completed.
Highlights include:
— all conditions in relation to the $20mn placement to Clean Elements Fund have been satisfied,
— due diligence undertaken by Clean Elements Fund validates the standing of Hombre Muerto West as a world class lithium project, offering exceptional scale and grade,
— Galan is now fully funded to complete the construction of Phase 1 at HMW (at 4ktpa LCE) with first production of lithium chloride concentrate planned during 1H:26,
— “With the support of Clean Elements, Galan now has the funding certainty to complete Phase 1 construction at HMW and is firmly on track to deliver first lithium chloride concentrate production in H1 2026.” — Galan managing director Juan Pablo Vargas de la Vega,
— “We are thrilled to confirm a binding and unconditional commitment to complete both tranches of the placement—an outcome that underscores strong confidence in Galan’s strategic direction.” — Clean Element’s chairman Ofer Amir.
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By Ana Sanches reporting from Bogota. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
