Jacinta Martino

Construction of the high school in El Peñón village

As part of Galaxy’s commitment to support the surrounding communities of the Sal de Vida Project, the construction of the high school in El Peñón village was successfully completed. The construction includes an additional 4 classrooms and other facilities to support the education of high school students who previously had to attend their classes after …

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James Bay Development Plan

Galaxy advises the release of the Preliminary Economic Assessment (“PEA”) for its wholly owned, James Bay Lithium Mine Project (“James Bay” or the “Project”) located in Québec, Canada.   With achievement of this milestone, Galaxy will now advance the project directly into the basic engineering phase. James Bay is to become a competitive, low cost spodumene …

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FY2020 Financial Results

Galaxy Resources Limited (ASX: GXY, “Galaxy” or the “Company”) has released its financial results for the full year ended 31 December 2020. To view the FY2020 Announcement click here To view the consolidated full year financial report click here

Galaxy’s major customer secures 5-year Tesla deal

Congratulations to Galaxy’s major customer Yahua who also doubled its production capacity earlier in the year and secured additional feedstock from Galaxy. This news also follows Tesla‘s production ramp up in response to increased demand. Click here to view the full article.

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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