BRIEF-Galan Lithium Announces Execution Of Offtake Agreement With Authium Limited

Reuters

04-16

BRIEF-Galan Lithium Announces Execution Of Offtake Agreement With Authium Limited

April 16 (Reuters) - Galan Lithium Ltd GLN.AX:

EXECUTION OF AN OFFTAKE AGREEMENT AND AN OPERATING AGREEMENT WITH AUTHIUM LIMITED
GALAN SECURES BINDING FUNDING PACKAGE FOR INITIAL PRODUCTION AT HOMBRE MUERTO WEST
AUTHIUM WILL PURCHASE A TOTAL OF 45 KT LCE AS LITHIUM CHLORIDE CONCENTRATE OVER 6 - 12 YEARS
PLACEMENT OF A$13 MILLION AT A$0.11 PER SHARE
AUTHIUM WILL PROVIDE US$6 MILLION IN OFFTAKE PREPAYMENTS FOR SUPPLY OF LITHIUM CONCENTRATE

Further company coverage: GLN.AX

((Reuters.Briefs@thomsonreuters.com;;))

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