Just found this tiny little article so it appears GXY is getting steps closer:
StockMarketWire.com - Creat Resources has completed financing arrangements required to support the development of Galaxy Resources' planned lithium carbonate processing facility at Zhangjiagang, China.
Creat said it had executed the share mortgage and facility put option - the 'security documents' - it was required to provide in connection with the $105m project finance facility.
Creat has a 19.99% stake in Galaxy Resources.
Chief operations officer Rex Chow said: "The completion of this financing arrangement marks another key step forward in our drive to expand our international presence and broaden our range of activities.
"We have identified lithium as a key resource with growing market demand, and are delighted to have consolidated our relationship with Galaxy, a major player in this sector."
GXY Price at posting:
38.8¢ Sentiment: Hold Disclosure: Held
