Galan Lithium Secures Landmark Incentive Approval for HMW Project in Argentina

Galan Lithium Limited (ASX: GLN), a prominent name in lithium exploration and development, has recently announced a significant milestone concerning its flagship project, the Hombre Muerto West (HMW) in Argentina. The Comite Evaluador de Proyectos RIGI, which is charged with overseeing the Régimen de Incentivo para Grandes Inversiones (RIGI) – a critical incentive program under Argentina's new economic policy, has granted approval for Galan’s HMW project. This news, released on July 28, 2025, marks a pivotal moment not just for Galan, but for the future of mining investment in the region.

The RIGI structure is designed to spur large-scale investments in key sectors, including mining, by providing a framework that enhances fiscal stability and operational certainty over extended periods. For Galan, this means achieving a radical 10% cut in the corporate tax rate, bringing it down to an attractive 25%. The economic landscape surrounding the project is not only improved through reduced tax obligations, but the entire incentive regime also grants a guarantee against shifts in income tax and export-related duties for up to 30 years.

Moreover, with RIGI approval, Galan will benefit from preferential access to foreign exchange markets, easing import processes and enabling the repatriation of dividends. Importantly, customs tariff exemptions will reduce barriers when importing essential equipment and materials vital for the project’s success. Accelerated depreciation provisions are expected to improve cash flow, allowing for a more efficient development phase.

Galan’s Managing Director, Juan Pablo (