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confirmed that it has been informed by East China Mineral Exploration & Development Bureau that  its Board  has already withdrawn from the proposed investment in Galaxy.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.