Month: December 2020

Successful completion of A$161m Equity Financing Package

Galaxy has successfully completed the fully underwritten pro-rata accelerated non-renounceable entitlement offer and institutional placements to raise ~A$161m. Proceeds will be applied to Sal de Vida Stage 1 and pre-development activities at James Bay to advance it to a construction ready status. Equity financing provides an enhanced level of certainty to execute and develop Sal …

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Wellfield drilling commences at Sal de Vida

Wellfield drilling at Sal de Vida commenced recently as planned. The program will drill the operational wells for brine production and test the depth potential of the resource. Front end engineering design work for the wellfields to ponds has also progressed to ~90% completion

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