Moin mondyinvest,strangely limited and undifferentiated view (I...

Moin mondyinvest,

strangely limited and undifferentiated view (I don't know you like that)

If you are honest, a) can be ruled out as completely unlikely. Just a few points here:

· best Tier One -Lithium Asset in Argentina

· 100 % owned

· Mining activity is politically supported at provincial level in Catamarca

· Mining activity is politically supported in Argentina

· Argentina strongly differentiates itself from Chile or Bolivia

· Provincial royalties capped at only 3% of mine-head value

· One of next Tier-One-Producers in Argentina

· no carbonate producer operates at 100% capacity

· all carbonate producers require lithium chloride

· highly experienced team(Ex SQM) with proven track record

· …

b) have received such, but have elected not to disclose.

I don't understand why you are dismissing this more likely possibility. This is standard professional procedure, or in other words, it would be unprofessional to publish something about unlaid eggs just for sharepreice maintenance.

Most lilely there are still unsigned Non-Binding Indicative Offers( NBIOs).

· Multiple approaches from major third parties in the EV battery Sector(OEMs,cathodeproducers, Refiners, batteryproducers)

· Strong interest from commodity traders such as Glencore , Trafigura, Deutsche Rohstoff,..

· Great interest from foreign governments

· Expressions of interest narrowed down to a shortlist

· Multible Non-Binding Indicative Offers(NBIOS) received, maybe including joint venture and acqiusition proposals

· Advancing deatailed discussions to progress the NBIOS to binding offers and select preferred partners

GLN initially decided in favour of Glencore. The solution to the export issue was probably the deciding factor. This agreement, which has not yet been finalised, initially only covers the 5 ktpa of DFS 1. The much larger volume of DFS 2 is still up for negotiation. Gln still has the right to decide which contracts it wants to sign and then work from there.

It is now up to Galan to finalise at least one NBIO into a T/O.

Additionally

I have explained the ECA funding options in detail and I expect Galan to try to take advantage of this again.

Have a nice sunday evening
Smith71