Pure play hard-rock spodumene-hosted lithium development company, MetalsTech Ltd (ASX:MTC) is pleased to announce exceptional results from a detailed surface channel sampling program in high priority drill target zones at the Company's 100%-owned Cancet Lithium Project in Quebec, Canada.
Galaxy Resources Limited
Galaxy Resources Limited (ASX:GXY) is an Australian-based global lithium company with lithium production facilities, hard rock mines and brine assets in Australia, China, Canada and Argentina. The Company is an integrated lithium mining, chemicals and battery company listed on the Australian Securities Exchange (Code: GXY) and is a member of the S&P/ASX 300 Index.
Galaxy wholly owns the Mt Cattlin project near Ravensthorpe in Western Australia where it mines lithium pegmatite ore and processes it on site to produce a spodumene concentrate and tantalum by-product. At full capacity, Galaxy will process 137,000 tpa of spodumene concentrate which will feed the Company's wholly-owned Jiangsu Lithium Carbonate Plant in China's Jiangsu province. The Jiangsu Plant has commenced production and will produce 17,000 tpa of battery grade lithium carbonate, the largest producer in the Asia Pacific region and the fourth largest in the world.
Galaxy is also advancing plans to develop the Sal de Vida (70%) lithium and potash brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet) which is currently the source of 60% of global lithium production. Sal de Vida has excellent promise as a future low cost brine mine and lithium carbonate processing facility.
The Company completed a feasibility study for a proposed lithium-ion battery plant, to produce 620,000 battery packs per annum for the electric bike (ebike) market. The Company also owns the James Bay (100%) Lithium Pegmatite Project in Quebec, Canada.
Lithium compounds are used in the manufacture of ceramics, glass, electronics and are an essential cathode material for long life lithium-ion batteries used to power e-bikes and hybrid and electric vehicles. Galaxy is bullish about the global lithium demand outlook and is positioning itself to achieve its goal of being involved in every step of the lithium supply chain.
Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) announces that it is actively working towards completing the Authier Pre-Feasibility Study ("PFS").
Sayona Mining Limited (ASX:SYA) is pleased to announce it has signed a binding term sheet, subject to completion of a 60-day due diligence, to acquire 100 per cent of the Authier lithium deposit in Quebec, Canada.
Galaxy Resources Limited (ASX:GXY) advises it has extended the date within which cornerstone investor East China Mineral Exploration & Development Bureau ("ECE") has to complete due diligence on the Company, for the purposes of a capital raising, from 19 November 2012 to 31 December 2012.
Galaxy Resources Ltd (ASX:GXY) advises that lithium carbonate production at its whollyowned Jiangsu Lithium Carbonate Plant ("Jiangsu Plant" or "Jiangsu") was 428 tonnes in October - an increase of 50% month-on-month and in line with Jiangsu's 12 month ramp-up schedule.
Galaxy Resources Ltd (ASX:GXY) is pleased to announce that the company has successfully issued 30 million fully paid ordinary shares at a price of A$0.50 per share raising A$15 million to cornerstone investor M&G Investments
Galaxy Resources Ltd (ASX:GXY) is pleased to announce that it is to raise A$81 million (before costs) via a Placement ("Placement") to cornerstone investors M&G Investments ("M&G") and the East China Mineral Exploration & Development Bureau ("ECE").
Galaxy Resources Limited (ASX:GXY) announce Quarterly Activities and Cashflow Report - September 2012, with the following significant events.
Lithium producer Galaxy Resources Ltd (ASX:GXY) (PINK:GALXF) announced today that the company is now a "designated foreign issuer" pursuant to National Instrument 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers ("NI 71-102") and will no longer report under National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102") which would have required the company to prepare and file continuous disclosure documents in the format as required under the relevant Canadian regulatory requirements.
Lithium producer Galaxy Resources Ltd (ASX:GXY) is pleased to announce the appointment of Mr Daniel Chavez Diaz as Site Director of the Sal de Vida lithium and potash brine project ("Sal de Vida" or "the Project") in Argentina.