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Galan Lithium Limited (ASX:GLN)

ALERT: Price-sensitive ASX Announcement for GLN
Current share price for GLN : $0.280 -0.155 (-35.63%)+
Announcement
Release
28 May 2026 9:54AM
Price at Release
$0.435
Full Release
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Summary
Galan Lithium Limited has completed the commissioning of its Hombre Muerto West (HMW) project, marking the initial processing of lithium chloride at its 100% owned site in Argentina. This advancement transitions the project into the optimization phase aimed at producing and selling lithium chloride concentrate by the second half of 2026. The company has accumulated a significant brine inventory to aid its production ramp-up and plans to expand its production capacity from 4 ktpa to 5.2 ktpa LCE by 2027. Positioned as a significant new entrant in the battery supply chain, Galan is set to become one of the few greenfield lithium projects operational in 2026, with future plans for substantial production growth.
Key Points
  • Galan Lithium Limited confirmed the completion of commissioning and first processed lithium chloride at the Hombre Muerto West (HMW) project.
  • The wet plant commissioning has finished, and the optimization phase is underway to produce lithium chloride concentrate.
  • The project has successfully de-risked the HMW mining operations and is preparing for lithium chloride concentrate sales in the second half of 2026.
  • A brine inventory of about 10,000 tonnes of lithium carbonate equivalent (LCE) is available to support production ramp-up.
  • An expansion from 4 kilotonnes per annum (ktpa) LCE to 5.2 ktpa LCE is on track, with additional pond construction planned.
  • Galan is one of the only greenfield lithium projects expected to be operational in 2026.
  • The HMW project plans for a low-risk production growth up to 60 ktpa LCE across four phases.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.