Galaxy Resources Limited will be releasing it’s December 2020 Quarterly Activities Report on Thursday, 28 January 2021. A conference call will also be held on the same day at 11:00am AEDT (8:00am AWST). To join the conference call please click here.
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.
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 …
Successful completion of A$161m Equity Financing Package Read More »
Wellfield drilling at Sal de Vida commenced recently as planned. The program will drill the operational wells for brine production and also extend 2 wells up to ~4x deeper than all prior drilling. Front end engineering design work for the wellfields to ponds has also progressed to ~90% completion
The Western Australian Government (“WA”) has granted temporary royalty relief assistance for operating lithium mines as of 1 December 2020. Galaxy confirms that a 50% royalty rebate will be applied to spodumene concentrate sold from its wholly owned spodumene mine, Mt Cattlin. This assistance will be provided for up to 12 months or until the …
Quebec is the latest Government to follow suit in the global trend of creating a green economy. The 2030 Plan targets a 37.5% reduction in carbon emissions compared to 1990 levels and outlines a framework for electrification of transportation. For more information, click here The Quebec Government has also announced a Plan for the Development …
CEO, Simon Hay presented at the ‘Deutsche Bank Lithium & Battery Supply Chain Conference’ on 17 November 2020. The presentation is available here
Galaxy Resources Limited is pleased to advise an update to Mt Cattlin’s customer base after executing a new spodumene concentrate offtake agreement commencing in January 2021. To view the full announcement click here
Galaxy Resources Limited advised in the September 2020 quarter that Sal de Vida Stage 1 is now targeting the production of higher value technical grade lithium carbonate after successful onsite piloting and test work results. Report Transcript
Tesla’s Battery Day revealed their plans to improve EV costs and performance, including localisation and expansion of manufacturing facilities, battery technology advancements and further vertical integration upstream into raw materials. In Galaxy’s view these plans are positive for the industry and support the inevitable EV-led lithium demand surge. Tesla plans to meet significant EV demand …
