Galan Lithium's HMW Project Unaffected by Recent Court Ruling

Galan Lithium Limited (ASX: $GLN) remains unaffected by the recent court ruling in the Province of Catamarca, Argentina. The ruling, which temporarily halts the issuance of new environmental permits and authorizations for the Los Patos River area, has no impact on Galan's existing and granted Phase 1 HMW permits and Environmental Impact Assessments (EIAs). Galan continues its steady progress in advancing its low cost, high grade HMW project to production in a timely manner.

Galan's Managing Director, Juan Pablo (JP) Vargas de la Vega, on the Recent Court Ruling

We wish to confirm that a recent ruling by the Court of Justice in the Province of Catamarca, Argentina will have no impact on Galan's Phase 1 project and no expected impact on our Phase 2 development plans at Hombre Muerto West. We are not located in the area under dispute and there is no river running close by to Hombre Muerto West, that could be affected by similar rulings in the future. We are confident that this is a localised issue which may potentially impact some other projects operating on the Hombre Muerto Salar but has no impact on Galan.

Galan's HMW Project Outlook

Galan Lithium Limited (ASX: $GLN) continues to make steady progress in advancing its low cost, high grade HMW project towards lithium chloride production in H1 2025. The recent court ruling in the Province of Catamarca, Argentina has no impact on Galan's existing and granted Phase 1 HMW permits and Environmental Impact Assessments (EIAs). Furthermore, the company remains confident in the Phase 2 permitting application process, with continued strong support from both local communities and government. Galan's HMW production process aims to produce a high grade lithium chloride concentrate using very little fresh water, underpinning the low environmental impact of its chloride strategy. The company's Phase 2 DFS targets 21ktpa LCE of a lithium chloride concentrate in 2026, demonstrating its ambitious growth plans. Galan's outlook remains positive as it continues to navigate through the regulatory landscape and progress towards its production milestones.