Galaxy Resources Ltd.

HIGHLIGHTS General Mining is granted right to solely operate at the Mt Cattlin Project for 3 years with option to purchase 100% interest in Mt Cattlin for $30,000,000 plus a 3% net smelter return, at any time during the 3 year period. Galaxy to receive a lease fee of AUD$2,500,000 per annum, and a 10% production royalty. General Mining plans to commence Tantalum production at Mt Cattlin within approximately 6 [...]

HIGHLIGHTS Revised terms to binding Share Purchase Agreement ("SPA") with Sichuan Tianqi Lithium Industries Inc. for the sale of 100% of the Jiangsu Lithium Carbonate plant in China agreed. Revised enterprise value of US$173.2 million (approximately A$223.0 million, versus A$249 million as previously announced), comprising cash consideration of US$71.7 million (approximately A$92.3 million) and assumption of all [...]

PERTH, Australia, Dec. 1, 2014 /CNW/ - Galaxy Resources Ltd. (ASX: GXY) ("Galaxy" or "the Company")  is pleased to announce the appointment of Mr Simon Robertson as Company Secretary following the resignation of Mr Andrew Meloncelli effective Friday 28th November 2014. Mr Robertson holds a Bachelor of Business from Curtin University in Western Australia and Masters of Applied Finance from Macquarie University in New [...]

Highlights Jiangsu Divestment Process – Update on transaction Jiangsu Plant Update – Tolling production continues, operationally cash flow neutral Sal De Vida – Final tenement acquisitions complete, ongoing planning and development Mt Cattlin – Initiatives underway to realise value   PERTH, Australia, Oct. 21, 2014 /CNW/ - Jiangsu Divestment Process Galaxy Resources Ltd. (ASX: GXY) ("Galaxy" or "the [...]

PERTH, Australia, Sept. 12, 2014 /CNW/ - Further to the agreement between Galaxy Resources Ltd. ("Galaxy") and Sichuan Tianqi Lithium Industries Inc. ("Tianqi") for the sale of Galaxy Lithium International Limited ("GLIL") (parent entity of the Jiangsu Plant) announced on 30 April 2014 and the announcement dated 11 August 2014 of the drawdown of the first US$15 million tranche, Galaxy is pleased to announce that it [...]

PERTH, Australia, Sept. 9, 2014 /CNW Telbec/ - Galaxy Resources Ltd. (ASX: GXY) ("Galaxy" or the "Company"), in accordance with the terms of the unmarketable parcel share sale facility (Facility) announced on 29 July 2014, advises that it will sell a total of 8,991,706 shares for 4,748 shareholders at a price per share $0.052 per share. Proceeds from the sale of these shares are expected to be remitted to [...]

PERTH, AUSTRALIA, Aug. 11, 2014 /CNW/ - Further to the agreement between Galaxy Resources Ltd. ("Galaxy") and Sichuan Tianqi Lithium Industries Inc. ("Tianqi") for the sale of Galaxy Lithium International Limited ("GLIL") (parent entity of the Jiangsu Plant) announced on 30 April 2014, Galaxy is pleased to announce the drawdown of the first US$15 million tranche of a US$30 million facility (the "Facility") made [...]

PERTH, Australia, July 29, 2014 /CNW Telbec/ - Galaxy Resources Ltd. (ASX: GXY) ("Galaxy" or "the Company") informs shareholders that the Company has established a share sale facility ("Facility") for holders of parcels of Galaxy shares with a market value of less than $500.00 ("Unmarketable Parcels"). The Facility is being established in accordance with the Company's Constitution and the ASX Listing Rules. The [...]

PERTH, AUSTRALIA, July 1, 2014 /CNW Telbec/ - Galaxy Resources Ltd. (ASX: GXY) ("Galaxy" or the "Company"), advises that, effective 30th June 2014, Mr K C Kwan has resigned as an Independent Non-Executive Director of the Company due to increased commitments from his other professional roles. Mr Kwan will thus also step down as chairman of the Audit and Risk Management committee and as a member of the Remuneration [...]

PERTH, AUSTRALIA, June 20, 2014 /CNW/ - Galaxy Resources Ltd. (ASX: GXY) is pleased to advise that all resolutions detailed in the Notice of Annual General Meeting were passed by the requisite majority on a show of hands at the Annual General Meeting of the Company held on 20 June 2014. In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act, we advise below is a summary of the number of [...]