ASX:GLN

Galan Acquires Option to Purchase Key Tenement at Hombre Muerto West

Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to announce that it has executed a binding Option Agreement (Agreement) with a private Argentinian individual for the purchase of the right to earn a 100% interest in the Casa Del Inca III lithium brine tenement. The acquisition increases and consolidates our Hombre Muerto West (HMW) project footprint located in the South American Lithium Triangle in Catamarca, Argentina (Figure 1).


  • Option to purchase strategic new tenement executed
  • Right to acquisition increases flexibility and more area for pond location and infrastructure such as camp and processing plant for HMW
  • Potential to increase lithium resource to be assessed with geophysics work to follow

Galan has agreed to initially acquire 300ha for a total of US$150,000 with the initial deposit of US$80,000 being paid.

Figure 1 shows that the project abuts the east side of the Pata Pila tenement and highlights the initial 300ha to be purchased under the Agreement plus the total 900ha, if required.

Casa del Inca III is located within the world-class, Salar del Hombre Muerto, where Livent Corporation (NYSE:LTHM) is currently producing lithium carbonate and Galaxy Resources Limited (ASX:GXY) is developing its Sal de Vida project. More importantly, it abuts Galan's Pata Pila interest, which shares the same geology setting forming part of the suite of tenements that comprise the HMW project. The HMW project currently houses a high-grade, low impurity lithium brine resource of ~2.3Mt LCE @ 946mg/l Li.

JP Vargas de la Vega, the Galan Managing Director said, 'This strategic project acquisition by Galan consolidates its Hombre Muerto West project with an extension of the concessions from Catalina to Pata Pila and onwards to Casa del Inca III. This provides Galan with the opportunity to quickly build additional scale to its already significant brine resource and tenure in the region.



Figure 1: Location of Casa del Inca III concession (300ha in blue; 900ha dotted) and GLN's concessions (in red)


Click here for the full ASX release

GLN:AU
The Conversation (0)
Galan Lithium

Galan Lithium

Developing high-grade lithium brine projects in Argentina

Developing high-grade lithium brine projects in Argentina Keep Reading...
Galan Lithium Limited: SUCCESSFUL DUE DILIGENCE COMPLETED - $20M PLACEMENT TO PROCEED

Galan Lithium Limited: SUCCESSFUL DUE DILIGENCE COMPLETED - $20M PLACEMENT TO PROCEED

Highlights: All conditions in relation to the $20 million placement to Clean Elements Fund have been satisfied. Due diligence undertaken by Clean Elements Fund validates the standing of Hombre Muerto West ( HMW ) as a world class lithium project, offering exceptional scale and grade. Galan is... Keep Reading...
Successful Due Diligence Ends - $20M Placement To Proceed

Successful Due Diligence Ends - $20M Placement To Proceed

Galan Lithium (GLN:AU) has announced Successful Due Diligence Ends - $20m Placement To ProceedDownload the PDF here. Keep Reading...
Final At-The-Market Raise for 2025

Final At-The-Market Raise for 2025

Galan Lithium (GLN:AU) has announced Final At-The-Market Raise for 2025Download the PDF here. Keep Reading...
Quarterly Activities and Cash Flow Report

Quarterly Activities and Cash Flow Report

Galan Lithium (GLN:AU) has announced Quarterly Activities and Cash Flow ReportDownload the PDF here. Keep Reading...
Galan Lithium Limited: Incentive Regime for HMW Project in Argentina

Galan Lithium Limited: Incentive Regime for HMW Project in Argentina

Galan Lithium Limited (ASX: GLN,OTC:GLNLF) (" Galan " or " the Company ") is pleased to advise that the Comite Evaluador de Proyectos RIGI, responsible for awarding the Argentine Government's Régimen de Incentivo para Grandes Inversiones (the incentive regime for large-scale investments referred... Keep Reading...
Glowing blue neon outline of three batteries with lightning symbols.

Lithium Market Update: Q3 2025 in Review

Volatility punctuated the global lithium market during the third quarter of 2025, with prices, supply/demand dynamics and geopolitics converging to reshape the landscape. After slipping to a four year low at the end of June, benchmark lithium carbonate prices rallied through July to reach an 11... Keep Reading...
Argentina Lithium & Energy Corp. (TSXV:LIT)

Argentina Lithium & Energy Corp. Announces Initial Mineral Resource Estimate at the Rincon West Lithium Project

TSX Venture Exchange (TSX-V): LITFrankfurt Stock Exchange (FSE): OAY3OTCQX Venture Market: LILIF Argentina Lithium & Energy Corp. (TSX-V: LIT, FSE: OAY3, OTCQX: LILIF), ("Argentina Lithium" or the "Company") is pleased to announce the results of the first Mineral Resource estimate ("MRE") for... Keep Reading...
Electric car and manufacturing efficiency concept.

Vertical Integration: The New Lithium Supply Chain Dynamic and What it Means for Investors

When the US government announced it would take a 5 percent equity stake in Vancouver-based Lithium Americas (TSX:LAC,NYSE:LAC), the move underscored a seismic shift underway in the lithium industry. This significant federal backing, tied to the company’s massive Thacker Pass project in Nevada... Keep Reading...
Successful A$4.5M Placement to Accelerate Battery, REE and Solar Panel Recycling Growth

Successful A$4.5M Placement to Accelerate Battery, REE and Solar Panel Recycling Growth

Livium Ltd (ASX: LIT) (“Livium” or the “Company”) is pleased to announce it has received firm commitments from new and existing, institutional and sophisticated investors to raise $4.5m (“Placement”) before costs. HighlightsFirm commitments of A$4.5m received from institutional and sophisticated... Keep Reading...
Lithium periodic symbol and electric vehicle.

7 Biggest Lithium-mining Companies in 2025

For a long time, most of the world's lithium was produced by an oligopoly of US-listed producers. However, the sector has transformed significantly in recent years.Interested investors should cast a wider net to look at global companies — in particular those listed in Australia and China, as... Keep Reading...
Livium Ltd (ASX: LIT) – Trading Halt

Livium Ltd (ASX: LIT) – Trading Halt

Trading in the securities of Livium Ltd (‘LIT’) will be halted at the request of LIT, pending the release of an announcement by LIT. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of: the commencement of normal trading on Friday, 17 October 2025; orthe... Keep Reading...

Latest Press Releases

Related News