Quarterly Activities and Cash Flow Report

Galan Lithium's latest announcement details significant funding progress aimed at completing Phase 1 construction of its Hombre Muerto West project, marking a pivotal step towards lithium production.

<ul><li>Secured a $20 million placement commitment with The Clean Elements Fund, finalising funding for HMW Phase 1 construction.</li><li>Construction completion expected in H2 2025, transitioning into production by H1 2026.</li><li>Approval received for the RIGI incentive regime, enhancing HMW’s competitive position as a low-cost producer.</li><li>Cash and liquid assets total $4.4 million, with no outstanding debt.</li></ul>

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Quarterly Activities and Cash Flow Report