GXY:ASX

Galaxy Resources Ltd.

Galaxy Resources Ltd. is an Australia-based global lithium company with production facilities, hard rock mines and brine assets in Australia, China, Canada and Argentina. Galaxy owns 100% of the Jiangsu lithium carbonate plant in China's Jiangsu province, the Mt Cattlin spodumene project near Ravensthorpe in western Australia and the James Bay lithium pegmatite project in Quebec, Canada. The company is also advancing plans to develop the Sal de Vida lithium and potash brine project situated in Argentina's lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of 60% of global lithium production.

Expert Comments:

"Galaxy Resources Ltd. started producing with a very ambitious project. It started developing a spodumene deposit in Australia and a lithium plant in China. It also wanted to develop a lithium battery manufacturing plant. . .Galaxy has sold its Jiangsu lithium plant to Sichuan Tianqi Lithium Industries Inc. for $230M to focus on its Argentina and Australia projects. Galaxy is developing the Sal de Vida lithium brine and potash project in the Lithium Triangle. This project is not as advanced as the other projects in Argentina that I mentioned to you, but it's an interesting project." read more >

Tony Wiggins, E.I.M. Capital Managers (11/18/14)
"In August, Galaxy Resources Ltd. made the final payment to acquire outstanding land holdings over its Sal de Vida lithium brine project in Argentina, giving the company 100% ownership of the land covering areas of potential production and surface evaporation. . .the Sal de Vida prospect is located in the northwest of Argentina's 'Lithium Triangle' of established and developing lithium producers."

Experts Commenting on This Company


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Galaxy Resources Ltd. Content