Galan Lithium Ltd








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Note on Purification and Zakat

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Galan Lithium Limited is an Australia-based lithium exploration and development company. The Company is focused on its lithium brine projects located in the Hombre Muerto Basin in Argentina. It holds two lithium brine projects across approximately 36,000 hectares on the Hombre Muerto salar in Argentina. Its flagship Hombre Muerto West (HMW) Project comprises exploration permits covering approximately 11,600 hectares. The HMW Project is located in the geological province of Puna, 90 kilometers (km) north of the town of Antofagasta de la Sierra, and to the west and south of the Salar del Hombre Muerto in Argentina. Its Candelas Project comprises over 14 exploration permits covering over 24,000 hectares hosted within an approximately 15km by 3-4 km wide structurally controlled basin. It owns 100% of the tenement package that makes up the Greenbushes South Project which covers a total area of approximately 315 km2. The project is located over 250 km south of Perth in Western Australia.