What does this have to do with Galan in Argentina?Sorry if I...

What does this have to do with Galan in Argentina?Sorry if I have stolen your valuable time. I admit that Ioften lack the intellectual access to some reports and lack the thematiccategorisation.

Hhmm, but let me think, maybe because

• it shows the huge global investment interest in lithium
• it shows the huge investment interest in South America
• it shows huge investment interest in countries, despitesignificant state control
• it shows huge investment interest in countries, despiteconsiderable state profit skimming via taxes, loyalties and profit sharing
• huge investment interest in countries, despite strictregulations on production methods, Chile regulates and favours DLE techniques(high CAPEX, high execution risk)
• Argentina guarantees a 30-year fiscal stabilityperiod(Chile?)

When are we expecting the Glencore news? It must be imminent.

Not necessarily, as I mentioned before, Glencore isplaying for time in my opinion. It could go on for weeks. But it could alsoturn into an own goal for Glencore. A little poker game.... if they want us asa long-term partner,...

I hope JP has a few tricks up his sleeve. With a Li restocking rally and price rises looking likely, short term, it would be a business calamity if we were tied to an unfavorable deal, solely with Glencore. But if they want us as long term partners, it would make sense for them to play fair, despite their current woes.

Agreed, just with Glencore would not be good. I questioned early on and several times whether Glencore is the right partner at all.

• Glencore is part of the Plan B solution and, as long asthere is no export licence, is a logical, viable option in the short term.
• In the medium term, Plan A opens up the global businesssegment. This is an ASS up our sleeve. The political situation in Argentina forobtaining an export licence is more favourable than it has been for years.
• If Galan receives an export licence in the comingmonths, purchase agreements for the 2026 production volume from DFS2 will beconcluded faster than we can see
• There are enough interested parties
• Further aces up the sleeve can/should be created. Icommented on this in detail just yesterday

I'd like to see more suitors at the table, so our hands aren't tied. If JP isn't on the case, someone else should be appointed to bring in the business.

• Yes me too and certainly the Galan board. I assume, andyou don't have to be a prophet to realise this, that advanced talks withvarious parties exist and talks are being initiated with potential parties(maybe that's why the article refers to PDAC?).
• Talks and agreements can be prepared to such an extentthat they can be finalised immediately after the export licence is obtained.

As always, a little patience is required. And patienceoften pays off in the end.

Smith71

P.S.

@ mrplough
Since, in your opinion, the developments inthe Chilean mining sector have no relevance for Galan, I would like to pointout a few advantages of Argentina at this point.

Galan's resource size is larger than Liontown on an LCEbasis.