Globally-focused lithium player Galaxy Resources Limited shares were up 2.4% to $3.29 at the time of writing.
Galaxy operate hard rock and brine assets in Australia, Canada and Argentina.
There’s no doubt Galaxy’s Mt Cattlin operation has proven more profitable than expected with shareholders reacting well to a recent announcement Galaxy would sell a package of tenements at Sal De Vida for US$280 million to POSCO.
Galaxy retains 100% ownership of the tenements in the southern area of Salar del Hombre in the Catamarca Province and the sell off places the miner in a strong financial position to continue with the project’s planned development.
Investors have high hopes pinned on the Sal de Vida Project and Galaxy has certainly asserted itself as the strongest lithium miner on the ASX in recent times.
