Galan Lithium Receives AU$10 Million via Placement

MT Newswires Live

Nov 05

Galan Lithium (ASX:GLN) received the final tranche of AU$10 million from the placement of 181.8 million shares to shareholder Clean Elements Fund at an issue price of AU$0.11 per share to raise a total of AU$20 million, according to a Wednesday filing with the Australian bourse.

The placement also includes one unlisted option per two shares subscribed, exercisable at AU$0.15 and expiring three years from issue.

The proceeds will fund the construction of Phase 1 of the company's Hombre Muerto West lithium brine project in Argentina, the filing said.

Shares of the company fell 7% at market close.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2581552712"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2581552712\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2581552712?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-05 14:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2581552712","market":"sg","top_or_hot":-1,"title":"Galan Lithium Receives AU$10 Million via Placement","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/GLNN.AU\">Galan Lithium</a> (ASX:GLN) received the final tranche of AU$10 million from the placement of 181.8 million shares to shareholder Clean Elements Fund at an issue price of AU$0.11 per share to raise a total of AU$20 million, according to a Wednesday filing with the Australian bourse.</p><p>The placement also includes one unlisted option per two shares subscribed, exercisable at AU$0.15 and expiring three years from issue.</p><p>The proceeds will fund the construction of Phase 1 of the company's Hombre Muerto West lithium brine project in Argentina, the filing said.</p><p>Shares of the company fell 7% at market close.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Galan Lithium Receives AU$10 Million via Placement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGalan Lithium Receives AU$10 Million via Placement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-11-05 14:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/GLNN.AU\">Galan Lithium</a> (ASX:GLN) received the final tranche of AU$10 million from the placement of 181.8 million shares to shareholder Clean Elements Fund at an issue price of AU$0.11 per share to raise a total of AU$20 million, according to a Wednesday filing with the Australian bourse.</p><p>The placement also includes one unlisted option per two shares subscribed, exercisable at AU$0.15 and expiring three years from issue.</p><p>The proceeds will fund the construction of Phase 1 of the company's Hombre Muerto West lithium brine project in Argentina, the filing said.</p><p>Shares of the company fell 7% at market close.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLS.AU","symbol_name":"PILBARA MINERALS LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2581552712","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581552712","pubTimestamp":1762322590,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Galan Lithium  received the final tranche of AU$10 million from the placement of 181.8 million shares to shareholder Clean Elements Fund at an issue price of AU$0.11 per share to raise a total of AU$20 million, according to a Wednesday filing with the Australian bourse.The placement also includes one unlisted option per two shares subscribed, exercisable at AU$0.15 and expiring three years from issue.The proceeds will fund the construction of Phase 1 of the company's Hombre Muerto West lithium brine project in Argentina, the filing said.Shares of the company fell 7% at market close.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLS.AU":"PILBARA MINERALS LTD","BK7507":"资源股","GLN.AU":"GALAN LITHIUM LTD","BK7095":"多种金属与采矿","BK7504":"锂钴概念"},"translate_title":"Galan Lithium通过配售获得1000万澳元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLN.AU":1,"PLS.AU":1.5},"content_text":"Galan Lithium (ASX:GLN) received the final tranche of AU$10 million from the placement of 181.8 million shares to shareholder Clean Elements Fund at an issue price of AU$0.11 per share to raise a total of AU$20 million, according to a Wednesday filing with the Australian bourse.The placement also includes one unlisted option per two shares subscribed, exercisable at AU$0.15 and expiring three years from issue.The proceeds will fund the construction of Phase 1 of the company's Hombre Muerto West lithium brine project in Argentina, the filing said.Shares of the company fell 7% at market close.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}