Galan Lithium Management

Management criteria checks 2/4

Galan Lithium's CEO is JP de la Vega, appointed in Jun 2018, has a tenure of 5.83 years. total yearly compensation is A$1.77M, comprised of 24.3% salary and 75.7% bonuses, including company stock and options. directly owns 4.42% of the company’s shares, worth A$6.12M. The average tenure of the management team and the board of directors is 4 years and 4.4 years respectively.

Key information

JP de la Vega

Chief executive officer

AU$1.8m

Total compensation

CEO salary percentage	24.3%
CEO tenure	5.8yrs
CEO ownership	4.4%
Management average tenure	4yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

Companies Like Galan Lithium (ASX:GLN) Are In A Position To Invest In Growth

Nov 28

Galan Lithium (ASX:GLN) Is In A Strong Position To Grow Its Business

Jul 21

Non-Executive Director Christopher Chalwell Just Sold A Bunch Of Shares In Galan Lithium Limited (ASX:GLN)

Jan 13

CEO Compensation Analysis

How has JP de la Vega's remuneration changed compared to Galan Lithium's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-AU$9m
Sep 30 2023	n/a	n/a	-AU$8m
Jun 30 2023	AU$2m	AU$430k	-AU$8m
Mar 31 2023	n/a	n/a	-AU$7m
Dec 31 2022	n/a	n/a	-AU$6m
Sep 30 2022	n/a	n/a	-AU$6m
Jun 30 2022	AU$695k	AU$280k	-AU$5m
Mar 31 2022	n/a	n/a	-AU$4m
Dec 31 2021	n/a	n/a	-AU$2m
Sep 30 2021	n/a	n/a	-AU$1m
Jun 30 2021	AU$414k	AU$269k	-AU$908k
Mar 31 2021	n/a	n/a	-AU$2m
Dec 31 2020	n/a	n/a	-AU$3m
Sep 30 2020	n/a	n/a	-AU$2m
Jun 30 2020	AU$966k	AU$164k	-AU$2m
Mar 31 2020	n/a	n/a	-AU$3m
Dec 31 2019	n/a	n/a	-AU$3m
Sep 30 2019	n/a	n/a	-AU$3m
Jun 30 2019	AU$573k	AU$164k	-AU$4m
Mar 31 2019	n/a	n/a	-AU$2m
Dec 31 2018	n/a	n/a	-AU$986k
Sep 30 2018	n/a	n/a	-AU$989k
Jun 30 2018	AU$4m	AU$66k	-AU$993k

Compensation vs Market: JP's total compensation ($USD1.14M) is above average for companies of similar size in the Australian market ($USD289.12K).

Compensation vs Earnings: JP's compensation has increased whilst the company is unprofitable.

CEO

JP de la Vega

5.8yrs

Tenure

AU$1,772,790

Compensation

Mr. Juan Pablo Vargas de la Vega, also known as JP, has been Managing Director and Director of Galan Lithium Limited (formerly, Dempsey Minerals Limited) since June 2018. He served as General Manager of Ga...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Juan Pablo de la Vega	MD & Director	5.8yrs	AU$1.77m	4.42% A$ 6.1m
Graeme Fox	Chief Financial Officer	2.2yrs	no data	no data
Alvaro Henriquez	Geology Manager	1.8yrs	no data	no data
Michael Robbins	Company Secretary	10.8yrs	no data	no data

4.0yrs

Average Tenure

Experienced Management: GLN's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Juan Pablo de la Vega	MD & Director	5.8yrs	AU$1.77m	4.42% A$ 6.1m
Richard Homsany	Non-Executive Chairman	4.2yrs	AU$750.21k	0.49% A$ 678.1k
Juan P. Barrera	Consultant & Advisor to the Board	1.1yrs	no data	no data
Terry Gardiner	Non-Executive Director	10.3yrs	AU$728.38k	1.68% A$ 2.3m
Daniel Schuster	Non-Executive Director	4.6yrs	AU$735.79k	0.83% A$ 1.2m
Maria Pohl Ibanez	Independent Non-Executive Director	1.1yrs	AU$14.34k	no data

4.4yrs

Average Tenure

Experienced Board: GLN's board of directors are considered experienced (4.4 years average tenure).

Galan Lithium Management

Management criteria checks 2/4

Key information

Recent management updates

Galan Lithium Limited, Annual General Meeting, Apr 22, 2024

MD & Director recently bought AU$130k worth of stock

Non-Executive Chairman exercised options to buy AU$690k worth of stock.

Galan Lithium Limited, Annual General Meeting, Nov 16, 2023

Non-Executive Director exercised options and sold AU$241k worth of stock

MD & Director recently bought AU$105k worth of stock

Recent updates

Galan Lithium Limited, Annual General Meeting, Apr 22, 2024

New minor risk - Market cap size

Galan Lithium Limited has filed a Follow-on Equity Offering in the amount of AUD 18 million.

MD & Director recently bought AU$130k worth of stock

Non-Executive Chairman exercised options to buy AU$690k worth of stock.

Galan Lithium Limited, Annual General Meeting, Nov 16, 2023

No longer forecast to breakeven

Galan Lithium Limited (ASX:GLN) and Infinity Stone Ventures Corp. (CNSX:GEMS) entered into a definitive agreement to acquire Taiga, Camaro and Hellcat Lithium Projects in James Bay Lithium Province from Infinity Stone Ventures Corp. (CNSX:GEMS) and others for CAD 0.64 million.

New major risk - Revenue and earnings growth

Non-Executive Director exercised options and sold AU$241k worth of stock

Forecast to breakeven in 2026

MD & Director recently bought AU$105k worth of stock

New major risk - Financial position

New major risk - Revenue and earnings growth

No longer forecast to breakeven

Non-Executive Director recently bought AU$126k worth of stock

Galan Lithium Limited Announces Move to 100% Title of Candelas Project in Catamarca, Argentina

Galan Lithium Limited Announces Successful 2022 Pumping Test Program

Galan Lithium Limited Announces Maiden Drilling Program at the Newly Defined Fry's Block Located Within its 100% Owned Greenbushes South Lithium Project

Galan Lithium Limited (ASX:GLN) executed a Binding Term Sheet to acquire remaining 20% interest in Greenbushes project from Lithium Australia Limited (ASX:LIT) for AUD 3 million.

Companies Like Galan Lithium (ASX:GLN) Are In A Position To Invest In Growth

Galan Lithium Limited Provide an Update on the Various Evaluation Workstreams in Progress on Hombre Muerto West Project

Galan Lithium Limited Declines Re-Election of Jinyu (Raymond) Liu as Director

No independent directors

Galan Lithium Limited Submits Application to Increase the Scope of the Piloting Stage for Hombre Muerto West Project

Galan Lithium Limited Announces 2.5X Increase in Hmw Resource - Now 5.8Mt Lce @ 866 Mg/L Li

Galan Lithium Limited, Annual General Meeting, Nov 18, 2022

Non-Executive Director recently bought AU$60k worth of stock

Galan Lithium Limited Announces High-Flow, High-Grade Pumping Test Results Continue

Galan Lithium Limited Updates on its Exploration Activities at the Greenbushes South Lithium Project

Galan Lithium Limited Updates on its Exploration Activities at the Greenbushes South Lithium Project

Galan Lithium (ASX:GLN) Is In A Strong Position To Grow Its Business

Galan Lithium Limited Provides Update on Hombre Muerto West Lithium Project

MD & Director recently bought AU$60k worth of stock

Non-Executive Director recently bought AU$53k worth of stock

Galan Lithium Limited Provides an Update on its Ongoing Exploration Activities at the Greenbushes South Lithium Project

Galan Lithium Limited Announces Long Term Pumping Tests to Commence at HMW Project

Forecast breakeven date moved forward to 2023

No independent directors

Non-Executive Director recently sold AU$82k worth of stock

Non-Executive Director exercised options to buy AU$694k worth of stock.

Galan Lithium Limited Announces Extensional Drilling Success At HMW Project

Galan Lithium Limited Provides Update on the Intensive Site and Study Activities in Progress for its Hombre Muerto West Lithium Project in Catamarca Province, Argentina

Non-Executive Director recently bought AU$76k worth of stock

Galan Lithium Limited Appoints Graeme Fox as Chief Financial Officer

Non-Executive Director exercised options and sold AU$1.7m worth of stock

Non-Executive Director exercised options and sold AU$420k worth of stock

MD & Director exercised options and sold AU$1.7m worth of stock

Galan Lithium Limited Provides a Progress Update Report for its 100% Owned Hombre Muerto West (HWM) Project (The Project) in Catamarca Province, Argentina

Non-Executive Director exercised options and sold AU$941k worth of stock

Galan Lithium Limited Announces First Bore Hole Completed - Further Brine Potential Revealed

Galan Lithium Limited Initiates Candelas Scoping Study

Galan Lithium Limited Announces Proof of Concept Tests Achieved Battery Grade Quality 99.88%

Galan Lithium Limited Commences Early Foundation Works for Its Feasibility Study At Hombre Muerto West (Hmw) Project

Galan Lithium Limited Provides an Update of Low Use Energy and Lithium Carbon Footprint Solution for Hombre Muerto West Project Located in the South American Lithium Triangle in Catamarca, Argentina

New 90-day high: AU$0.64

Galan Lithium Limited Initiats Work Programme for Greenbushes South Lithium Project

Galan Lithium Limited (ASX:GLN) entered into an agreement to acquire 80% stake in Greenbushes project from Lithium Australia NL (ASX:LIT) for AUD 0.46 million.

Non-Executive Director Christopher Chalwell Just Sold A Bunch Of Shares In Galan Lithium Limited (ASX:GLN)

Non-Executive Director recently sold AU$633k worth of stock

New 90-day high: AU$0.42

Galan Lithium Limited Announces Results of a Preliminary Economic Assessment (PEA) for its 100% owned Hombre Muerto West Project in Catamarca Province, Argentina

New 90-day high: AU$0.32

Galan Lithium Limited Announces A Revised JORC (2012) Reported Mineral Resource Estimate for the Hombre Muerto West Lithium Brine Project Located in Catamarca Province, Argentina

Galan Lithium Limited announced that it expects to receive AUD 3 million in funding from Thematica Future Mobility and other investors

CEO Compensation Analysis

CEO

Tenure

Compensation