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Wed 12 Aug 2020 - 05:25:am (Sydney)

GLN Share Price

GALAN LITHIUM LIMITEDGLNMaterials

GLN Company Information

Name:

Galan Lithium Limited

Sector:

Basic Materials

Industry:

Industrial Metals & Minerals

GIC Industry:

Metals & Mining

GIC Sub Industry:

Diversified Metals & Mining

Address:

30 Richardson Street West Perth WA Australia 6005

Phone:

61 8 9322 6283

MD & Director:

Mr. Juan Pablo Vargas de la Vega

Company Sec. & CFO:

Mr. Michael J. Robbins

Company Overview:

Galan Lithium Limited acquires, explores for, and evaluates mineral projects. It primarily explores for lithium, tin, and tantalum deposits, as well as oil. The company holds interests in the Hombre Muerto lithium project located in the Lithium Triangle region in Argentina; and Greenbushes South project covering an area of approximately 43 square kilometers located to the south of the Greenbushes mine. It also has an option agreement to acquire interest in the Alasehir Exploration license located in Turkey; and options to acquire the rights of projects located in Argentina. The company was formerly known as Dempsey Minerals Limited and changed its name to Galan Lithium Limited in August 2018. Galan Lithium Limited was incorporated in 2011 and is based in West Perth, Australia.

GLN Share Price Information

Shares Issued:

174.25M

Market Capitalisation:

$27.01M

Earnings per Share:

$-0.033

Return On Assets (TTM):

$-0.16

Return On Equity (TTM):

$-0.28

Diluted Earnings Per Share (TTM):

$-0.033

GLN CashFlow Statement

CashFlow Date:

2019-06-30

Investments:

$-9,735

Change To Liabilities:

$695.85K

Total Cashflow From Investing Activities:

$-9,735

Net Income:

$-3,554,529

Total Cash From Operating Activities:

$-5,815,061

Depreciation:

$2.46K

Change To Account Receivables:

$-25,610

Sale Purchase Of Stock:

$-333,792

Capital Expenditures:

$7.74K

GLN Income Statement

Income Date:

2019-06-30

Income Before Tax:

$-3,554,529

Net Income:

$-3,554,529

Operating Income:

$-3,544,119

Total Operating Expenses:

$3.54M

GLN Balance Sheet

Balance Sheet Date:

2019-06-30

Total Liabilities:

$1.54M

Total Stockholder Equity:

$16.45M

Other Current Liabilities:

$412.76K

Total Assets:

$17.99M

Common Stock:

$16.94M

Retained Earnings:

$-7,332,011

Cash:

$2.58M

Total Current Liabilities:

$1.54M

Property - Plant & Equipment:

$15.32M

Net Tangible Assets:

$16.45M

Long-Term Investments:

$21.31K

Total Current Assets:

$2.65M

Net Receivables:

$53.49K

Short-Term Investments:

$15.34M

Accounts Payable:

$211.43K

Non Currrent Assets (Other):

$15.34M

Short-Term Investments:

$15.34

Non Current Liabilities Total:

$0

GLN Share Price History

GLN News

26 Aug, 2019
Argentina's opposition candidate Alberto Fernandez told mining companies and governors from key mining provinces on Monday that exports were "the only solution" for Argentina, his coalition said. Fernandez, the front-runner for October's presidential election, told the companies that his team has been working on a plan to create a legal framework that provides certainty for investments in the Vaca Muerta shale oil play and the country's lithium mining sector, according to a press release about the meeting from his "Frente de Todos" coalition. "If I do my job right, companies will want to keep their money in Argentina," Fernandez said during the meeting, attended by between 30 and 40 people in a hotel in downtown Buenos Aires, according to the source.