The Galan Lithium [ASX: GLN] share price fell by 6% in early morning trade after completing a $50 million institutional placement.
Galan confirmed this morning that it has acquired an 80% stake in the Greenbushes South project. Securing the deal via an agreement with their new partner Lithium Australia NL [ASX:LIT].
Today, Galan Lithium Ltd [ASX:GLN] confirmed high grade lithium brine at its Candelas lithium brine project, in Catamarca province, Argentina.At time of writing, Galan’s share price is trading at 26 cents, down 11.86%.
At time of writing, Galan Lithium’s share price is trading 4.84% lower, to $0.30 a share. Today, Galan Lithium Ltd [ASX:GLN] has completed the drilling of its third drill hole (C-03-19) at its Candelas lithium brine project located in the Catamarca province, Argentina.
The share price for Galan Lithium Limited [ASX:GLN] has fluctuated this morning after the company announced the successful completion of the third round of drilling at the Candelas project in Argentina.At time of writing, Galan Lithium’s share price is valued at 37 cents per share, down 1.33%.
Today, the company entered a trading halt, leaving securities fixed until commencement of normal trading Tuesday 9 April, ahead of an impending market announcement.At time of writing, Galan Lithium’s share price is sitting at $0.32, but shares of Galan have been steadily rising over the last six months.
The latest report from Galan Lithium Ltd [ASX:GLN] has revealed a major success with assays from the first round of brine tests confirming the presence of high-grade lithium. The result was a relief to investors, spurring a 19% rise in the share price.