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Highlights Phase 1 construction at Hombre Muerto West (HMW) completed, a key inflection point as Galan transitions from developer to producer Plant electrical and mechanical systems testing complete, wet commissioning phase to commence soon A$40 million institutional placement completed at A$0.41 per share to fund the Phase 1 capacity expansion from 4 ktpa LCE to 5.2 ktpa LCE, working capital and to fund exploration…

China lithium carbonate spot prices and spodumene spot prices were lower the past month. Lithium market news - Vance pitches price floors for key minerals to counter China. UBS forecasts lithium demand to 2x from end 2025 to 2030. Junior lithium miner company news - Galan Lithium raises A$40M to support 30% expansion of Phase 1 HMW, nanofiltration Plant delivered to site. Ioneer raises US$50 million (A$72 million).