Galan Lithium has confirmed that it has received a takeover bid from clean energy technology company Energy Exploration Technologies (EnergyX) for its lithium assets in Argentina. In a statement, the company said that EnergyX has made an unsolicited, confidential, conditional, non-binding indicative proposal to acquire Galan’s Salar del Hombre Muerto and Candelas properties in the country. The offer includes a cash portion of $50m, and common shares in EnergyX with a combined value of $50m.
August 6, 2024
SOURCE: NS ENERGY
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Galan Lithium receives takeover offer for Argentinian assets