"Galan is now targeting production from Phase 1 of HMW in H1 2026. The timing to first production was reviewed and adjusted in light of financing and offtake discussions. Galan is encouraged by recent progress in financing negotiations, as highlighted by the equity investment from Chengdu Chemphys Chemical Industry Co., Ltd (Chemphys) (as announced on 28 January 2025) as parties continue to work towards finalising an offtake prepayment facility targeting financial close during the first quarter of 2025"
Unless you're just about to hit the send button JP, that's another deadline missed.
Would you care to update your long-suffering shareholder on the current status of Chemphys discussions.
Thanks in advance
SW
GLN Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
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