Galan Lithium's successful capital raising

Galan Lithium (ASX:GLN) has successfully raised $1.8 million through its At-the-Market Subscription Agreement with Acuity Capital. This capital was raised by issuing 15,000,000 fully paid ordinary shares at a price of $0.12 per share. The funds are earmarked to support the company's working capital requirements.

Galan Lithium's strategic financial move

Galan Lithium Limited has successfully utilized its At-the-Market Subscription Agreement to raise $1.8 million in capital. The issuance of 15 million shares at $0.12 aligns with the 15-day Volume Weighted Average Price. This strategic move aids in supporting the company's working capital needs. Throughout the year, Galan has leveraged this agreement multiple times, showcasing its ongoing strategy to ensure financial flexibility. The company remains focused on maintaining a strong capital position to support its operations and growth ambitions. Further details will be provided in an Appendix 2A, with the announcement having been authorized by the Galan Board.

Insights from Galan Lithium's executive team

The announcement was authorized by the Galan Board and further details are to be provided in an Appendix 2A.