Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Galan Lithium Secures Final Permitting to Commence Construction at Hombre Muerto West

by August 15, 2023
August 15, 2023
Galan Lithium Secures Final Permitting to Commence Construction at Hombre Muerto West

Galan Lithium (ASX:GLN) has secured all permits required to clear the way for construction at its Hombre Muerto West (HMW) lithium brine project in Argentina, according to an article published by The West Australian.

The Catamarca Ministro – Ministerio de Mineria (Mines Department Minister) has approved all permits for Galan’s Phase 1 construction for 5,400 tons per annum lithium carbonate equivalent (LCE) production.

Capital cost for Phase I construction is US$104 million (AU$158.8 million) before contingency and the operating cost is at US$3,963 (AU$6,053.2) per tonne of LCE placing it in the lower half of the lithium cost curve globally, the article said.

Galan’s Phase I is planned to deliver lithium chloride production in the first half of 2025. According to the article, this will provide crucial cash flow to support the project’s second phase, which is anticipated to increase the production rates fourfold.

Read the full article here.

Click here to connect with Galan Lithium (ASX:GLN) for an Investor Presentation

.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Top 10 Countries for Natural Gas Production (Updated 2023)
next post
Rare Earths Market Update: H1 2023 in Review

Related Posts

Canada Nickel Achieves Initial Metallurgical Success at Mann...

May 13, 2024

Integrated Cyber Solutions Unveils Joint Venture Partnership with...

April 3, 2024

Significant Uranium anomalies identified across the NT

June 17, 2025

AI Market 2023 Year-End Review

January 3, 2024

International Lithium: PEA for the Raleigh Lake Lithium...

December 7, 2023

Newmont Withdraws from Mount Coolon Joint Venture, GBM...

September 17, 2025

Guide to Uranium Mining in Canada

August 21, 2025

Chris Temple: Gold Takeoff Brewing, but Uranium’s Setup...

January 3, 2024

Clarification to Offtake & Distribution Agreement

May 1, 2025

Cobalt Market Update: Q1 2024 in Review

May 8, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Lithium Market Update: Q3 2025 in Review

    • Despatch of SPP Offer Documents

    • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

    • Apollo Silver

    • Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

    Categories

    • Business (1,401)
    • Investing (3,062)
    • Politics (3,699)
    • Stocks (1,828)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved