{"id":19750,"date":"2025-07-28T15:56:11","date_gmt":"2025-07-28T15:56:11","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/07\/28\/galan-lithium-limited-incentive-regime-for-hmw-project-in-argentina\/"},"modified":"2025-07-28T15:56:11","modified_gmt":"2025-07-28T15:56:11","slug":"galan-lithium-limited-incentive-regime-for-hmw-project-in-argentina","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/07\/28\/galan-lithium-limited-incentive-regime-for-hmw-project-in-argentina\/","title":{"rendered":"Galan Lithium Limited: Incentive Regime for HMW Project in Argentina"},"content":{"rendered":"<\/p>\n
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Galan Lithium Limited (ASX: GLN,OTC:GLNLF) (\u2018 Galan \u2018 or \u2018 the Company \u2018) is pleased to advise that the Comite Evaluador de Proyectos RIGI, responsible for awarding the Argentine Government\u2019s R\u00e9gimen de Incentivo para Grandes Inversiones (the incentive regime for large-scale investments\u00a0referred to as the \u2018 RIGI \u2018), has approved the RIGI for Galan\u2019s flagship Hombre Muerto West (\u2018 HMW\u2019 ) Project in Catamarca Province, Argentina . Galan now expects to receive official approvals relating to the RIGI in due course.<\/p>\n

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The RIGI is a landmark investment framework introduced as part of the Government of Argentina\u2019s <\/span> new economic reform agenda, aimed at encouraging large-scale investment in key sectors, including mining. The RIGI provides long-term certainty on tax and foreign exchange regulations, as well as streamlined permitting, both critical enablers for project financing, efficient construction and operation of the HMW Project over its multi-decade life. <\/p>\n

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HMW will be only the sixth project to receive the RIGI approval in Argentina <\/span> and the second in the mining sector, following the recent award to Rio Tinto\u2019s Rincon project. <\/p>\n

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\u00a0 Managing Director, Juan Pablo <\/span> (\u2018JP\u2019) Vargas de la Vega, commented: \u00a0<\/p>\n

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\u2018 This is a major milestone for Galan that will further strengthen HMW\u2019s global competitive position as a future low-cost producer. The RIGI will provide a strategic advantage to Galan and will unlock meaningful long-term value for the people of Catamarca and our shareholders. \u00a0<\/p>\n

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\u00a0 The RIGI delivers fiscal stability and operational certainty over the long-term, key requirements for major project financing and execution. It also signals strong alignment between Galan and the Argentine government\u2019s broader vision of accelerating lithium production and economic development. \u00a0<\/p>\n

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\u00a0 Galan sincerely thanks the Government of Argentina <\/span> and the Province of Catamarca for endorsing HMW for official approvals under the RIGI which further substantiates HMW as a significant project in Argentina <\/span> and globally.\u2019 \u00a0<\/p>\n

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\u00a0 Key Benefits of the RIGI for the HMW project: \u00a0<\/p>\n

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\u00a0 Reduced Corporate Income Tax: a significant 10% reduction in corporate income tax rate to 25%. <\/p>\n

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\u00a0 Fiscal Stability : Certainty around income tax, royalties, and export duties for 30 years. <\/p>\n

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\u00a0 Foreign Exchange : Preferential access to currency markets for imports and dividend repatriation. <\/p>\n

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\u00a0 Customs & Tariff Exemptions : Reduced barriers for importing critical equipment and materials. <\/p>\n

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\u00a0 Accelerated Depreciation : Improved cash flow through tax-effective project development. <\/p>\n

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\u00a0 About Hombre Muerto West \u00a0<\/p>\n

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HMW is a multi-decade, lithium brine project in Argentina <\/span> with compelling economics. Phase 1 provides for a 4ktpa LCE operation, producing a 6% LiCl concentrate product over a projected 40-year life ( 1 ). Galan expects first Phase 1 production in H1 2026 and has secured an offtake agreement for 45,000 t LCE of production.\u00a0 Beyond Phase 1, the Company will undertake a phased scaling approach, eventually ramping up to 60ktpa at the conclusion of Phase 4. This approach mitigates funding and execution risk and will allow for continuous process improvement. <\/p>\n

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With a world class resource and a cost profile within the first quartile globally, HMW is a clear demonstration of the benefits of a high-quality lithium brine asset. These benefits are allowing Galan to progress through development and into production with a lower capital intensity and lower risk profile when compared to hard rock lithium (spodumene) projects. <\/p>\n

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As importantly, lithium chloride is a key component for lithium iron phosphate (LFP) batteries, which have become the dominant battery product globally.\u00a0 With the ability to be cost effectively converted into a lithium dihydrogen phosphate or lithium carbonate, lithium chloride, as will be produced at HMW, is an ideal source for LFP batteries. <\/p>\n

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\u00a0 The Galan Board has authorised this release. \u00a0<\/p>\n

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\u00a0 Please refer to the Mineral Resource Statement for Galan\u2019s Total Resources of 9.5Mt LCE. \u00a0<\/p>\n

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\u00a0 ( 1 ) Please refer to the announcement dated 3 July 2023 <\/span> (ASX: Phase 1 of Hombre Muerto West (DFS Delivers Compelling Economic Results for Accelerated Production)). The Company confirms that all material assumptions underpinning the production target continue to apply and have not materially changed. \u00a0<\/p>\n

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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

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\u00a0\u00a0 For further information contact: \u00a0<\/span>\u00a0<\/p>\n

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\u00a0\u00a0 COMPANY \u00a0<\/span>\u00a0<\/p>\n

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\u00a0\u00a0 MEDIA \u00a0<\/span>\u00a0<\/p>\n

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\u00a0\u00a0 Juan Pablo (\u2018JP\u2019) Vargas de la Vega \u00a0<\/span>\u00a0<\/p>\n

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\u00a0\u00a0 Matt\u00a0Worner \u00a0<\/span>\u00a0<\/p>\n

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\u00a0\u00a0 Managing Director \u00a0<\/span>\u00a0<\/p>\n

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\u00a0\u00a0 VECTOR Advisors \u00a0<\/span>\u00a0<\/p>\n

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\u00a0\u00a0 jp@galanlithium.com.au \u00a0<\/span>\u00a0<\/p>\n

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\u00a0\u00a0 mworner@vectoradvisors.au \u00a0<\/span>\u00a0<\/p>\n

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\u00a0 + 61 8 9214 2150 <\/span>\u00a0<\/p>\n

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\u00a0 +61 429 522 924 <\/span>\u00a0<\/p>\n

\u00a0<\/p>\n<\/div>\n

\u00a0<\/p>\n<\/div>\n

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\u00a0 About\u00a0Galan \u00a0<\/p>\n

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\u00a0Galan Lithium Limited (ASX: GLN,OTC:GLNLF) is an ASX-listed lithium exploration and development business. Galan\u2019s flagship assets comprise two world-class lithium brine projects, HMW and Candelas, located on the Hombre Muerto Salar in Argentina <\/span> , within South America\u2019s <\/span> \u2018lithium triangle\u2019. Hombre Muerto is proven to host lithium brine deposition of the highest grade and lowest impurity levels within Argentina <\/span> . It is home to the established El Fenix lithium operation, Sal de Vida <\/span> (both projects are owned by Rio Tinto following its successful acquisition of Arcadium Lithium). Galan also has exploration licences at Greenbushes South in Western Australia <\/span> , just south of the Tier 1 Greenbushes Lithium Mine. <\/p>\n

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\u00a0 View original content: https:\/\/www.prnewswire.com\/news-releases\/galan-lithium-limited-incentive-regime-for-hmw-project-in-argentina-302514518.html \u00a0<\/p>\n

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SOURCE Galan Lithium Limited <\/p>\n

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News Provided by PR Newswire via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0 \u00a0 Galan Lithium Limited (ASX: GLN,OTC:GLNLF) (\u2018 Galan \u2018 or \u2018 the Company \u2018) is pleased to advise that the Comite Evaluador de Proyectos RIGI, responsible for awarding the Argentine Government\u2019s R\u00e9gimen de Incentivo para Grandes Inversiones (the incentive regime for large-scale investments\u00a0referred to as the \u2018 RIGI \u2018), has approved the RIGI for […]<\/p>\n","protected":false},"author":0,"featured_media":19751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-19750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/19750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=19750"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/19750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/19751"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=19750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=19750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=19750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}