0004 GMT - Canaccord switches to a wait-and-see stance over...

0004 GMT - Canaccord switches to a wait-and-see stance over financing for Galaxy Resources's next wave of lithium projects. Sal de Vida in Argentina is next up with Canaccord expecting a funding decision by end-June. Third parties have increasing interest in "potential offtake/financing/joint ventures," says Canaccord, a factor that may prompt Galaxy to run a formal process. Given the uncertainty around financing structures for Sal de Vida, along with Galaxy's James Bay lithium deposit in Canada, Canaccord removes all funding assumptions from its forecasts for now. ([email protected]; @dwinningWSJ)
(END) Dow Jones Newswires