Galaxy Resources is pleased to announce that a research report has been completed by Seymour Pierce Equity Research, one of the UK's leading independent investment banks, on Galaxy following the successful merger with Lithium One Inc in July 2012. The research report is now available on our website at
PERTH, Australia, Sept. 7, 2012 /CNW Telbec/ - Galaxy Resources Limited (ASX: GXY) is pleased to announce that a research report has been completed by Seymour Pierce Equity Research, one of the UK's leading independent investment banks, on Galaxy following the successful merger with Lithium One Inc in July 2012.The research report is now available [...]
Lithium producer Galaxy advises that lithium carbonate production from its wholly-owned Jiangsu Lithium Carbonate Plant ('Jiangsu' or 'Jiangsu Plant') totalled 350 tonnes (25% of design output) in August, slightly ahead of the ramp-up schedule. August sales totalled 268 tonnes generating revenue in excess of A$1.6 million (RMB10.5 million) for the [...]
Highlights Galaxy's Jiangsu Plant produced 350 tonnes of lithium carbonate in August - ahead of ramp up scheduleSales for August totalled 268 tonnes, generating revenue in excess of A$1.6 million (RMB10.5 million)Initial battery grade lithium carbonate sales commenceOver 30 potential customers provided with battery grade samples for product [...]
Galaxy is pleased to outline the development strategy for its Sal de Vida lithium and potash brine project in Argentina. Galaxy acquired a 70% stake in the highly prospective Sal de Vida project following its recent merger with Lithium One Inc. Sal de Vida offers Galaxy geographical, process and cost base diversification from its existing assets in [...]
HighlightsPlans to develop Sal de Vida lithium project ahead of anticipated rapid demand growth for lithium carbonateSal de Vida expected to become next flagship development for GalaxySal de Vida offers geographical, process and cost base diversificationPotential production 25,000 tpa battery grade lithium carbonate, taking total Galaxy output to [...]
Lithium producer Galaxy Resources is pleased to report further improvements in the quality of lithium carbonate produced at its wholly-owned Jiangsu Lithium Carbonate Plant in China. Galaxy advised on 27 July 2012 that it had achieved battery grade quality across all the necessary specifications. Testing of the latest battery grade production has [...]
HighlightsProduction showing consistent improvements in battery grade lithium carbonate qualityImpurity reduction seen across all product samplesLevels of key impurity sodium reduced significantlyGalaxy aims to set new benchmark on battery grade specifications required by customersPERTH, Australia, Aug. 15, 2012 /CNW Telbec/ - Lithium producer [...]
Highlights• Prices rise on tight demand and supply fundamentals• Spot prices in China of up to US$7,000/tonne for battery grade product• Battery and technical grade prices in China have risen around 17% in the last 12 [...]
For the three months ending 30 June 2012Significant EventsMerger with Lithium One Inc successfully completed to create a global lithium companyFirst lithium carbonate produced at Jiangsu Plant in ChinaJiangsu achieves battery grade lithium carbonate across allgrade specificationsExpect operational cashflows to be positive in Q1, 2013Galaxy [...]
Highlights Lithium carbonate product from Jiangsu meets all battery grade specificationsPlant achieving 99.5% purity required by battery cathode customersSamples being sent to long term offtake customersRevenue from technical grade product continuesRevenue flows increasing alongside Jiangsu Plant output.Company sees positive operational cash flow [...]
Lithium producer Galaxy Resources has been advised that all Galaxy shares issued under the recent merger with Canada's Lithium One Inc. to eligible shareholders were fully allotted and received.Former Lithium One shareholders who received Galaxy shares under the Plan of Arrangement were eligible to trade shares on the Australian Securities Exchange [...]
