Why the Galan Lithium (ASX:GLN) share price is up 50% in a month
Brooke Cooper | April 15, 2021 4:42pm |
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Galan Lithium Ltd(ASX: GLN) shares have been soaring lately, surging by 50% over the past month.
On 18 March, Galan Lithium entered a trading halt. At the time, the company’s shares were swapping hands at 47 cents each. By today’s market close, the Galan share price was trading at 73.5 cents after having risen 6.5% today.
So, what’s been driving the Galan Lithium share price since 18 March? Let’s take a look.
Lithium, lithium and more lithium
Galan Lithium broke its trading halt on 22 March with exciting news, leading its share price to close 12.8% higher than the previous session.
Galan Lithium Limited is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.
Highlights:
Historical laterite geochemistry data collected prior to mining at Greenbushes
Elevated abundances of pathfinder elements display a well-defined anomaly adjacent to Greenbushes South
Dispersion of elements into the laterite profiles include arsenic, tantalum, tin and antimony among others
Galan to commence sampling and mapping at Greenbushes South next month
Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce that it has completed a review of historical CSIRO data which enhances the prospectivity of its Greenbushes South Lithium project.
Why Galan Lithium (ASX:GLN) and Lithium Australia (ASX:LIT) shares are storming higher today
James Mickleboro | January 14, 2021 10:42am |
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Lithium Australia NL (ASX: LIT) on Thursday.
In morning trade, the Galan Lithium share price is up 16% to 44 cents and the Lithium Australia share price is up 9.5% to 8.1 cents.
Why are these lithium miners storming higher today?
This morning Lithium Australia announced that it has entered into an acquisition and joint venture agreement with Galan Lithium.
This agreement with see Galan Lithium purchase an 80% interest in the Greenbushes South Lithium Project from Lithium Australia.
The Greenbushes South Lithium Project is located 200 km south of Perth and just 3 km south of the world-class Greenbushes Lithium Mine.