Galan Lithium's At-the-Market-Raise Announcement

Galan Lithium Limited (ASX: $GLN) has successfully raised $650,000 through its At-the-Market Subscription Agreement (ATM) with Acuity Capital. The company agreed to issue 4,750,000 fully paid ordinary GLN.ASX shares at an issue price of $0.137 per share, representing a discount of 11.5% to the 15-day VWAP of $0.155 to Friday 2 August 2024 (inclusive). The funds raised will be allocated towards working capital.

Executive Commentary on At-the-Market-Raise

The Company is pleased to have utilized the At-the-Market Subscription Agreement with Acuity Capital to raise funds. This strategic move will bolster our working capital, enabling us to pursue our operational objectives effectively.

Summary of Galan Lithium's At-the-Market-Raise

Galan Lithium Limited (ASX: $GLN) has successfully raised $650,000 through its At-the-Market Subscription Agreement with Acuity Capital. The issuance of 4,750,000 shares at a price of $0.137 per share will provide the company with additional working capital. This financial boost is expected to support Galan Lithium in advancing its operational endeavors and furthering its corporate goals.