PERTH, AUSTRALIA, Dec. 3, 2012 /CNW Telbec/ - Galaxy Resources Ltd (ASX: GXY) ("Galaxy" or "the Company") confirms that following an incident at its Jiangsu Lithium Carbonate Plant ("Jiangsu" or "the Plant") in China on 22 November, the provincial safety bureau has released the site to the Company for further safety inspections, and scheduled [...]
PERTH, Australia, Nov. 27, 2012 /CNW Telbec/ - Galaxy Resources Ltd (ASX: GXY) ("Galaxy" or "the Company") confirms that following an incident at its Jiangsu Lithium Carbonate Plant ("Jiangsu" or "the Plant") on 22 November, a Galaxy employee has passed away as a result of complications to injuries received."The Company is deeply saddened by this [...]
PERTH, Australia, Nov. 22, 2012 /CNW Telbec/ - Galaxy Resources Ltd (ASX: GXY) ("Galaxy" or "the Company") confirms that an incident occurred at its Jiangsu Lithium Carbonate Plant ("Jiangsu" or "the Plant") yesterday during the commencement of a previously-announced, scheduled three week maintenance shutdown.The Company has been informed that a [...]
Perth, Australia (ABN Newswire) - Galaxy Resources Ltd (ASX:GXY) advises that lithium carbonate production at its whollyowned Jiangsu Lithium Carbonate Plant ('Jiangsu Plant' or 'Jiangsu') was 428 tonnes in October - an increase of 50% month-on-month and in line with Jiangsu's 12 month ramp-up schedule.
HighlightsJiangsu Plant October lithium carbonate production 428 tonnes, up 50% vs SeptemberTotal sales for October 273 tonnes, recorded revenue of A$1.7 million (RMB 11.2 million)1.Battery grade lithium carbonate sales commenced100% of battery grade production met tight quality specificationsFurther reduction in impurity levels across [...]
Galaxy Resources is pleased to announce that the company has successfully issued 30 million fully paid ordinary shares at a price of A$0.50 per share raising A$15 million to cornerstone investor M&G Investments, who manages the Vanguard Precious Metals and Mining Fund as announced on 5 November 2012. Galaxy is to raise A$81 million (before costs [...]
HighlightsGalaxy to raise A$81 million (before costs) via equity placement to M&G Investments and China's ECEPlacement of 162.4 million fully paid ordinary shares at A$0.50 per share, at a 2% premium to the 5 day VWAP ($0.49) up to and including trading on 31 October 2012Proceeds to be used to reduce debt, including maturing Lithium One convertible [...]
Perth, Australia (ABN Newswire) - Galaxy Resources Limited (ASX:GXY) announce Quarterly Activities and Cashflow Report - September 2012, with the following significant events.
For the month ending 30 September 2012Significant EventsLithium carbonate production increases at JiangsuExcellent quality performance with lithium carbonate achieving battery-grade specificationsJiangsu on track to be cash flow positive in Q1, 2013Sales Revenue of A$3.7 million (inclusive of VAT) commences for the quarterDevelopment strategy and [...]
Lithium producer Galaxy Resources announced today that the company is now a 'designated foreign issuer' pursuant to National Instrument 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers and will no longer report under National Instrument 51-102 - Continuous Disclosure Obligations which would have required the company [...]
PERTH, Australia, Oct. 22, 2012 /CNW Telbec/ - Lithium producer Galaxy Resources Ltd (ASX: GXY) ("Galaxy" or "the Company") announced today that the company is now a "designated foreign issuer" pursuant to National Instrument 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers ("NI 71-102") and will no longer report [...]
PERTH, AUSTRALIA, Oct. 17, 2012 /CNW Telbec/ - Lithium producer Galaxy Resources Ltd (ASX: GXY) ("Galaxy" or "the Company") is pleased to announce the appointment of Mr Daniel Chavez Diaz as Site Director of the Sal de Vida lithium and potash brine project ("Sal de Vida" or "the Project") in Argentina.Mr Chavez Diaz is a chemical engineer and [...]
