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Galan Lithium Ltd ASX:GLN

1 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

30 Nov 2025 to today

Commentary 2 comments

DateManagerActionSummary

31 Dec 2025DMX Asset ManagementInitiatedDMX Asset Management exited its position in Galan Lithium Ltd because, following participation in a capital raise earlier in 2025, the share price strengthened and the fund no longer felt comfortable with the upside-downside dynamic given the absence of a principal research focus on the company. DMX Asset Management describes the exit as taking the 'easy money' and redeploying proceeds into other opportunities where it has stronger current conviction and expectations of material gains.

M&AMonthly Report, price recorded $0.32

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30 Nov 2025DMX Asset ManagementReducedThe fund manager reduced their position in Galan Lithium because the small position rose 71% during the month, contributing around 0.5% to performance. The manager notes that Galan is a lithium developer, well-funded for now but may need to come back to the market to fund future expansion. Having supported its last capital raise earlier in the year, the manager has progressively reduced the position as shares have re-rated, and following recent gains has pulled it back further to an inconsequential 0.5â€“0.7% portfolio weighting.

Monthly Report, price recorded $0.28

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on GLN.

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About Galan Lithium Ltd

Materials, Metals and Mining

Galan Lithium (ASX:GLN), a lithium developer in Argentina, was exited by DMX Asset Management after a strong rally. In December 2025, DMX said Galan had been exited into price strength, after participating in its capital raise earlier in 2025, noting that at higher prices it no longer saw the same value. In November, DMX reported its small position in Galan rose 71%, describing Galan as a lithium developer that is well funded for now but may need further capital. Galan Lithium operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 2 comments from 1 fund manager, DMX Asset Management. Founded in 2011 and headquartered in West Perth, Galan Lithium is developing the Hombre Muerto West lithium brine project in Argentina's Catamarca province, targeting production of lithium chloride concentrate, and holds the Greenbushes South lithium project in Western Australia.

Market cap: $274m
Price to earnings: Loss-making
Return on equity: -4.4%
Dividend yield: 0.0%
Price to book: 1.84x
Net margin: -148713.6%
52-week range: $0.14 to $0.56

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Galan Lithium Ltd (ASX:GLN)?

Fund managers including DMX Asset Management have invested in Galan Lithium Ltd (ASX:GLN).

What opportunities or catalysts do fund managers highlight for Galan Lithium Ltd?

DMX highlights a 71% share price gain as lithium sentiment improved and Galan's progress toward production at Hombre Muerto West.

What are the key risks to the Galan Lithium Ltd investment thesis, according to fund managers?

DMX exited into strength and notes Galan may need further capital, while operating in Argentina carries sovereign and execution risk.

What does Galan Lithium Ltd (ASX:GLN) do?

Galan Lithium Ltd. is an Australian mineral exploration and development company headquartered in West Perth. Founded in 2011, the company focuses on the acquisition and evaluation of lithium projects. Its core portfolio includes the Hombre Muerto West and Candelas lithium brine projects in Argentina, as well as the Greenbushes South lithium project in Australia. Galan Lithium operates as a publicly traded entity dedicated to advancing these strategic assets through mineral evaluation and development processes.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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