Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

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
Oil and Gas Price Update: H1 2023 in Review
next post
Carmanah Minerals

Related Posts

Uranium Stocks: 5 Biggest Companies in 2024

February 29, 2024

Successful Maiden Dosing of TRP-8803 (IV-Infused Psilocin) Completed...

July 1, 2024

Editor’s Picks: Silver Price Hits 13 Year High,...

June 22, 2025

A$14 Million Capital Raise for Continued Ongoing Development...

May 20, 2024

How to Invest in Lithium (2023 Edition)

October 5, 2023

Byron King: Mining Stocks on “Absolute Fire Sale,”...

March 25, 2024

Top 5 Chromium-producing Countries (Updated 2024)

April 9, 2024

Options Prospectus

May 15, 2024

Canadian North Resources

October 24, 2023

Stunalara Acceptances Reach 54%

March 14, 2025

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 6

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,051)
    • Investing (2,077)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,385)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.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 thriftybanker.com | All Rights Reserved