A cashed-up Galan Lithium (ASX: GLN) is set to reveal updated study results for the development of its world-class Hombre Muerto West (HMW) lithium project in Argentina.
Junior lithium company Galan Lithium is evaluating a four-phase development approach for its projects in Argentina.
The ASX-listed company on Thursday said that all components of the initial definitive feasibility study (DFS) have been delivered, with the operating and capital costing and documentation being finalised.
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ASX-listed Galan Lithium will raise A$31.5-million through an institutional share placement to accelerate work at its lithium projects in Argentina and Western Australia.
The company on Monday said it had received firm commitments for the placement of 30-millionnew shares, priced at A$1.05 each from institutional, sophisticated and professional investors.