Here's a breakdown of Galan Lithium's relationship with RIGI: This is a program implemented by the Argentine government to attract foreign investment into large-scale projects, particularly in sectors like mining. It offers various benefits to companies that qualify. Galan Lithium has applied to be part of the RIGI program for its Hombre Muerto West (HMW) lithium project in Argentina, If Galan's application is successful, they could receive significant benefits, such as: 1. Reduced corporate income tax rate 2. Accelerated depreciation 3. Fiscal stability for a long period (up to 30 years) 4. Flexibility in handling foreign currency
GLN Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
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