{"id":1907,"date":"2023-11-20T22:02:04","date_gmt":"2023-11-20T22:02:04","guid":{"rendered":"https:\/\/economicherald.net\/?p=1907"},"modified":"2023-11-20T22:02:04","modified_gmt":"2023-11-20T22:02:04","slug":"long-shortz-with-galan-lithium-glencore-signs-up-for-hmw-offtake-funding","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=1907","title":{"rendered":"Long Shortz with Galan Lithium: Glencore signs up for HMW offtake &amp; funding"},"content":{"rendered":"<p class=\"ql-block\">Galan Lithium is celebrating after signing a binding offtake deal with a major mining behemoth.<\/p>\n<p class=\"ql-block\">Stockhead\u2019s Ashtyn Hiron sits down with Galan Lithium (ASX:GLN) managing director JP Vargas de la Vega to get the short end of the long story on an offtake and funding deal with mining giant Glencore.<\/p>\n<p class=\"ql-block\">Glencore has signed the dotted line on a five-year offtake agreement that gives it access to lithium chloride from Galan\u2019s cornerstone Hombre Muerto West project in Argentina.<\/p>\n<p class=\"ql-block\">On top of that, the resources behemoth is effectively agreeing to cover the project\u2019s Phase 1 construction costs under an accompanying finance deal worth up to US$100 million.<\/p>\n<p class=\"ql-block\">Glencore could also be in the mix for further offtake from HMW: Galan is currently advancing discussions for its larger Phase 2 production line.<\/p>\n<p class=\"ql-block\">Tune in to hear JP Vargas de la Vega on the Glencore deal and what\u2019s in store for the Hombre Muerto West project.<\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/stockhead-tv\/long-shortz-with-galan-lithium-glencore-signs-up-for-hmw-offtake-funding\/\">Long Shortz with Galan Lithium: Glencore signs up for HMW offtake &amp; funding<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Galan Lithium is celebrating after signing a binding offtake deal with a major mining behemoth. Stockhead\u2019s Ashtyn Hiron sits down with Galan Lithium (ASX:GLN) managing <a href=\"https:\/\/economicherald.net\/?p=1907\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":1908,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Long Shortz with Galan Lithium: Glencore signs up for HMW offtake &amp; funding - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=1907\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long Shortz with Galan Lithium: Glencore signs up for HMW offtake &amp; funding - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Galan Lithium is celebrating after signing a binding offtake deal with a major mining behemoth. 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