{"id":28825,"date":"2025-07-28T07:02:54","date_gmt":"2025-07-28T07:02:54","guid":{"rendered":"https:\/\/www.hotelsalepage.com\/feed\/cision-pr-newswire\/galan-lithium-limited-incentive-regime-for-hmw-project-in-argentina\/"},"modified":"2025-07-28T07:02:54","modified_gmt":"2025-07-28T07:02:54","slug":"galan-lithium-limited-incentive-regime-for-hmw-project-in-argentina","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=28825","title":{"rendered":"Galan Lithium Limited: Incentive Regime for HMW Project in Argentina"},"content":{"rendered":"

PERTH, Australia<\/span><\/span>, July 28, 2025<\/span><\/span> \/PRNewswire\/ — Galan Lithium Limited (ASX: GLN) (“Galan<\/b>” or “the Company<\/b>“) is pleased to advise that the Comite Evaluador de Proyectos RIGI, responsible for awarding the Argentine Government’s R\u00e9gimen de Incentivo para Grandes Inversiones (the incentive regime for large-scale investments\u00a0referred to as the “RIGI<\/b>“), has approved the RIGI for Galan’s flagship Hombre Muerto West (“HMW”<\/b>) Project in Catamarca Province, Argentina<\/span>. Galan now expects to receive official approvals relating to the RIGI in due course.<\/p>\n

The RIGI is a landmark investment framework introduced as part of the Government of Argentina’s<\/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

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’s Rincon project.<\/p>\n

Managing Director, Juan Pablo<\/span> (“JP”) Vargas de la Vega, commented:<\/b>\u00a0<\/p>\n

“This is a major milestone for Galan that will further strengthen HMW’s 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.<\/i><\/p>\n

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’s broader vision of accelerating lithium production and economic development.<\/i><\/p>\n

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.”<\/i><\/p>\n

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