Galan Lithium (ASX:GLN) has secured all permits required to clear the way in which for development at its Hombre Muerto West (HMW) lithium brine venture in Argentina, based on an article printed by The West Australian.
The Catamarca Ministro – Ministerio de Mineria (Mines Division Minister) has permitted all permits for Galan’s Part 1 development for five,400 tons each year lithium carbonate equal (LCE) manufacturing.
Capital value for Part I development is US$104 million (AU$158.8 million) earlier than contingency and the working value is at US$3,963 (AU$6,053.2) per tonne of LCE putting it within the decrease half of the lithium value curve globally, the article mentioned.
Galan’s Part I is deliberate to ship lithium chloride manufacturing within the first half of 2025. In response to the article, this can present essential money circulate to help the venture’s second part, which is anticipated to extend the manufacturing charges fourfold.
Learn the complete article right here.
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