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General Mining Limited (ASX:GMM) has announced an updated mineral resource and reserve for the Mount Cattlin project in Western Australia. The company has the right to acquire a 50 percent interest in the project from Galaxy Resources (ASX:GXY).
Galaxy Resources (ASX:GXY) has received all cash consideration funds regarding its Jiangsu divestment from Tianqi Lithium Industries.
Cobre Montana (ASX:CXB) has exercised its option to purchase a lithium exploration license near Ravensthorpe in Western Australia. This represents Cobre Montana’s fifth investment in lithium in the state.
By Vivien Diniz
Things are looking a little brighter for ASX-listed Galaxy Resources, which last week signed a binding share purchase agreement with Sichuan Tianqi Lithium Industries for the purchase of Galaxy’s Jiangsu lithium carbonate plant in China.
By Vivien Diniz
The Western Australian reported that struggling lithium development company Galaxy Resources (ASX:GXY) is looking for help bringing the company back on track.
Mining Weekly reported that Galaxy Resources has delivered a JORC-compliant 1.1 million tons of lithium carbonate at its Argentina project.
Galaxy Resources Ltd (ASX:GXY) announced that its lithium carbonate plant in China has produced 425 tons in its first month of production, which is 31% of its design output.
Galaxy Resources Ltd (ASX:GXY) announced that it has signed a spodumene feedstock contract with another lithium company, Talison Lithium to supply the company’s Jiangsu Plant in China.
Galaxy Resources Ltd. (ASX:GXY) announced that it has settled the Deutsche Bank tranche 2 funding of A$20M following the resumption of operations at the Jiangsu Lithium Plant.
Bolivia’s new lithium carbonate production plant will have little impact on the lithium market. Production from Galaxy Resources, Canada Lithium and Orocobre is expected to have more of a significant impact on supply and prices.
Mining Weekly reported that Galaxy Resources (ASX:GXY) will restart full operations of its China based Jiangsu plant by February next year. In late November, a fiberglass pipe exploded, which injured a number of people working in the said site.