Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Investing

Chemphys Placement Participation Funds Received

by January 28, 2025
January 28, 2025
Chemphys Placement Participation Funds Received

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to advise that it has received proceeds from Latam Resources Pty Limited (Latam), an Affiliate of Chengdu Chemphys Chemical Industry Co., Ltd (Chemphys) in relation to the share placement (Placement) announced by the Company on 10 September 2024 and subsequently approved by shareholders at the Galan Annual General Meeting held on 15 November 2024. Chemphys agreed to subscribe for US$3 million worth of shares under the terms of the Placement.

Funds received from Latam will be applied by Galan towards ongoing Phase 1 operations at Hombre Muerto West (HMW), as parties continue to work towards finalising an offtake prepayment facility targeted financial close during the first quarter of 2025.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges
next post
Top Altcoins to Watch in 2025: An Investor’s Guide

You may also like

Oil Price and Inflation: What’s the Correlation?

Rio Silver Acquires the Minas Maria Norte Project...

Heliostar Announces First Results from 2024 Drilling Program...

Gary Savage: Gold, Silver — Next Price Targets...

Group Eleven Resources: High-grade Zinc-Lead-Silver, Germanium Discovery in...

Purepoint Completes Initial Drill Program Along Groomes Lake...

Prismo Provides Corporate Update

Alkane-Mandalay Merger Paves Way for New Aussie Gold...

Rare Earths Reserves: Top 8 Countries

Andy Schectman: BRICS, Trump and Gold — What...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Controversial new Gaza aid group isn’t screening recipients — despite being established...

    • Juggernaut Files for Final Approval of Oversubscribed Financing

    • I’m a physician and I’m worried that our health agencies are facing increasing chaos

    • Inside the late-night drama that led to Trump’s tax bill passing by 1 vote

    • Alleged attempt to impersonate White House chief of staff under federal investigation

    Categories

    • Business (478)
    • Investing (2,270)
    • Politics (3,712)
    • Uncategorized (1)
    • World (2,397)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top