GALAN LITHIUM LIMITED (GLN)
Share Price Analysis and Chart

29/05/2026

1

Speculative Buy

$0.80

95.12%

Canaccord Genuity maintains a Speculative Buy rating for Galan Lithium with its target price increased to $0.80 following the successful completion of commissioning at the Hombre Muerto West project.

On-site nanofiltration technology achieved high-specification impurity separation to de-risk production scaling, with commercial sales of concentrated 6% lithium chloride brine expected to commence in the second half of 2026.

In-pond brine inventory supports an initial ramp-up to a 4ktpa lithium carbonate equivalent run rate before minor plant modifications lift expanded phase one capacity to 5.2ktpa by the first half of 2027.

Generating first positive operating cash flows during the September quarter of 2026 will further de-risk the investment case and assist funding paths for a permitted phase two footprint.

Minor modeling adjustments push full execution of the expanded phase one run rate out to mid-2027 while nominal value allocations for the fully permitted 21ktpa expansion increase.