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Galaxy Resources Ltd. (ASX:GXY) has confirmed that it has been informed by East China Mineral Exploration & Development Bureau that its Board has already withdrawn from the proposed investment in Galaxy.
Galaxy Resources Ltd. (ASX:GXY) has confirmed that it has been informed by East China Mineral Exploration & Development Bureau that its Board has already withdrawn from the proposed investment in Galaxy.
As quoted in the press release:
ECE has indicated to Galaxy it is willing to re-consider the investment when Galaxy’s Jiangsu Lithium Carbonate Plant (“Jiangsu Plant”) in China returns to stable operation.
Click here to read the full Galaxy Resources Ltd. (ASX:GXY) press release.