Still at it eh? Maybe have an alka seltzer and a lie down.The...

Still at it eh? Maybe have an alka seltzer and a lie down.

The update is full of precise and indicative updates. I don’t know what you expect but just because you expect more doesn’t mean you get it. The language is stronger as one would expect from negotiations that are progressing.

Here is the update in full, you said it’s full of vague statements and nothing solid, and again you are wrong.

Galan Lithium Limited (ASX:GLN) (Galan or the Company) wishes to provide the following Companyupdate on its 100% owned Hombre Muerto West (HMW) lithium brine project in Argentina.
HMW ProjectWith lithium inventories continuing to increase in the HMW Phase 1 ponds, currently at 3,200t LCE, theCompany has further advanced its financing process. The Company is pleased to advise it has nowshortlisted partners and financiers in order to conclude a definitive sales agreement and financing in thenear term, inclusive of non-dilutive options. Galan notes its ability to export lithium chloride concentratehas enabled access to a broader range of options.
Importantly, new piping from the central northern part of the HMW project has now been connected,increasing pond flow by up to 50%. In addition, the latest batch of liners have arrived on site for theinstallation process for Pond 4 and Pond 5 earthworks are now 80% complete.
Furthermore, Galan is very pleased to advise that the permitting for HMW Phase 2 production continuesto advance with strong provincial government support. The granting of these permits is another keymilestone for Galan as it proceeds with the four stage development of its HMW and Candelas projects.

CorporateThe Company refers to the unsolicited, conditional, non-binding indicative proposal regarding a potentialacquisition of Galan’s Argentinian lithium assets referred to in the Company’s ASX release on 6 August2024. Galan advises that it will not proceed any further with the proposal.
The Board remains confident and enthused by the interest shown for the development of its 100% ownedHMW and Candelas projects and looks forward to providing further updates on its world class lithiumbrine projects.The Galan Board has authorised this release.