Galan Lithium has signed a memorandum of understanding (MoU) with China-based Chengdu Chemphys Chemical Industry Co., paving the way for a US$40 million funding and offtake package at its Hombre Muerto West (HMW) lithium brine project in Argentina.The package, subject to due diligence, will be in exchange for a five-year purchase agreement for Galan to deliver a total of 23,000 tonnes of lithium carbonate equivalent material to the Chinese firm.
August 26, 2024
SOURCE: THE WEST
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Galan sets up funding, offtake option for Argentina lithium