Galan Lithium seeks shareholder nods on placements, incentive plan

Galan Lithium Limited will hold its annual general meeting on Monday, November 17, 2025, at 9:00 am (WST) in West Perth, WA. Shareholders will vote on several key resolutions, including the adoption of the remuneration report and the re-election of Richard Homsany and Claudia Pohl as non-executive directors.

A significant resolution seeks shareholder approval for an additional 10% placement capacity under ASX Listing Rule 7.1A. This would allow the company to issue up to 10% of its issued capital without further shareholder approval. Galan Lithium, an eligible entity with a market capitalization of approximately A$169 million, intends to use funds raised from any such issues for continued exploration and development, new opportunities, and working capital. The proposed issue price minimum is 75% of the VWAP over the 15 trading days prior to agreement or issue.

Shareholders will also vote on refreshing the Galan Lithium Limited Securities Incentive Plan (2022) and approving potential termination benefits under the plan. If passed, this re-approval will exempt future issues under the plan from the company's 15% annual placement capacity limit for three years. Additionally, the company is seeking to renew its proportional takeover provisions for another three years.